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Page 1
STATEMENTS OF FINANCIAL POSITION
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2024 and December 31, 2023
(In Millions of Rupiah)
September 30, 2024 December 31, 2023
No. DESCRIPTION
(Reviewed) (Audited)
ASSETS
1 Cash 1.504.426 2.127.489
2 Placements with Bank Indonesia 23.050.434 48.706.822
3 Placements with other banks 3.363.143 2.203.459
4 Spot and derivative receivables/forward 54.812 32.176
5 Securities 54.493.294 41.199.802
6 Securities sold under repurchase agreements (Repo) 982.925 -
7 Securities purchased under resale agreements (Reverse Repo) 250.523 -
8 Acceptances receivables 955.198 544.567
9 Loans 313.356.831 296.583.860
10 Sharia financing 42.706.869 37.114.281
11 Investment in share - -
12 Others financials assets 13.753.295 12.110.180
13 Allowance for impairment on financial assets -/-
a Securities (18) (22.903)
b Loans and Sharia financing (14.573.882) (15.591.964)
c Others (2.093) (25.680)
14 Intangible assets - -
Accumulated amortisation for intangible assets -/- - -
15 Premises and equipment 13.395.250 12.953.746
Accumulated depreciation on premises and equipment -/- (4.735.455) (4.835.934)
16 Non earning assets
a Abandoned properties 1.410 1.410
b Repossessed assets 77.591 77.591
c Suspense account - -
d Inter office assets - -
17 Other assets 6.472.443 5.570.834
TOTAL ASSETS 455.106.996 438.749.736
LIABILITIES AND EQUITY
LIABILITIES
1 Demand deposits 148.644.697 143.534.817
2 Savings deposits 40.344.057 44.471.995
3 Time deposits 181.762.705 161.926.504
4 Electronic money - -
5 Fund from Bank Indonesia - -
6 Fund from other banks 1.065.715 1.300.316
7 Spot and derivative liabilities/forward 74 -
8 Securities sold under repurchase agreements (Repo) 934.363 -
9 Acceptances liabilities 955.198 544.567
10 Securities issued 5.279.990 6.834.647
11 Fund borrowings 38.008.237 42.874.926
12 Margin deposits received 9.535 9.690
13 Inter office liabilities - -
14 Other liabilities 6.094.881 6.773.122
15 Minority interest - -
TOTAL LIABILITIES 423.099.452 408.270.584
EQUITY
16 Share capital
a Authorised capital 10.239.216 10.239.216
b Unpaid-in capital -/- (3.221.994) (3.221.994)
c Treasury stock -/- - -
17 Additional Paid-in Capital
a Agio 4.418.900 4.418.900
b Disagio -/- - -
c Funds for paid-up capital - -
d Others - -
18 Other comprehensive income
a Gain 3.577.151 3.565.773
b Losses -/- (1.226.867) (1.361.686)
19 Reserve
a General reserve 4.621.242 4.621.242
b Appropriated reserve 840.476 840.476
20 Retained Earning
a Previous years 10.677.027 7.876.237
b Current year 2.082.393 3.500.988
c Paid Dividend -/- - -
32.007.544 30.479.152
TOTAL EQUITY ATTRIBUTABLE TO OWNER
32.007.544 30.479.152
TOTAL EQUITY
TOTAL LIABILITIES AND EQUITY 455.106.996 438.749.736
Page 2
STATEMENTS OF INCOME AND OTHER COMPREHENSIVE
PT Bank Tabungan Negara (Persero) Tbk
For the Period Ended September 30, 2024 and 2023
(In Millions of Rupiah)
September 30, 2024 September 30, 2023
No DESCRIPTION
(Reviewed) (Reviewed)
OPERATING INCOME AND EXPENSES
A. Interest Income and Expenses
1 Interest income 22.365.976 20.833.168
2 Interest expenses 13.475.445 10.690.887
Net interest income (Expenses) 8.890.531 10.142.281
B. Operating Income and Expenses Other than Interest
1 Gain (loss) from increase (decrease) in fair value of financial assets 122.739 22.904
2 Gain (loss) from decrease (increase ) in fair value of financial liabilities - -
3 Gain (loss) from sale of financial assets 690.909 477.518
4 Gain (Loss) from spot and derivative transaction/forward (realised) (855) 59.942
5 Gain (Loss) from investment in shares under equity method - -
6 Gain (Losses) from foreign currencies translation 14.496 (77.140)
7 Dividend Income - -
8 Comissions/provisions/fees and administrative 1.102.743 1.037.975
9 Other income 779.924 757.114
10 Impairment for financial assets 1.305.084 2.937.036
11 Losses related to operational risk - -
12 Salaries and employee benefits 3.404.000 2.774.541
13 Promotion expenses 407.201 357.901
14 Other expenses 3.824.157 3.385.057
Other Operating Income (Expenses) (6.230.486) (7.176.222)
PROFIT (LOSS) FROM OPERATIONS 2.660.045 2.966.059
NON OPERATING INCOME AND EXPENSES
1 Gain (loss) from sale of premises and equipment 3.045 -
2 Other non operating income (expenses) (46.693) (50.080)
PROFIT (LOSS) FROM NON OPERATING (43.648) (50.080)
PROFIT (LOSS) CURRENT PERIOD BEFORE TAX 2.616.397 2.915.979
Income tax expenses
a Estimated current tax -/- (153.690) (630.490)
b Deferred tax income (expenses) (380.314) 27.232
PROFIT (LOSS) CURRENT PERIOD 2.082.393 2.312.721
PROFIT (LOSS) MINORITY INTEREST - -
OTHER COMPREHENSIVE INCOME
1 Unreclassified to profit (loss)
a Gain (loss) from revaluation of premises and equipment - 57.208
b Gain (loss) from remeasurement on defined benefit plans (31.219) (14.052)
c Others 5.932 2.670
2 Reclassified to profit (loss)
a Gain (losses) from adjustments arising from translation of financial statement - -
b Gain (losses) from changes of financial assets on available for sale 158.933 26.284
c Others 12.551 38.671
146.197 110.781
OTHER COMPREHENSIVE INCOME FOR THE YEAR AFTER TAX
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 2.228.590 2.423.502
Current Year Net Profit (Loss) Attributable to :
- Owner of Company 2.082.393 2.312.721
- Non Controlling Interest - -
TOTAL CURRENT YEAR NET PROFIT (LOSS) 2.082.393 2.312.721
Total Comprehensive Profit (Loss) For The Year Attributable to:
- Owner of Company 2.228.590 2.423.502
- Non Controlling Interest - -
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 2.228.590 2.423.502
TRANSFER PROFIT (LOSS) TO HEAD OFFICE - -
DIVIDEND - -
EARNINGS PER SHARE (in rupiah) 148 165
Page 3
STATEMENTS OF COMMITMENTS AND CONTINGENCIES
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2024 and December 31, 2023
(In Millions of Rupiah)
September 30, 2024 December 31, 2023
No. DESCRIPTION
(Reviewed) (Audited)
I. COMMITMENT RECEIVABLES
1 Unused fund borrowings/financing facilities - -
2 Outstanding purchase position on spot and derivative/forward 1.848.679 1.878.434
3 Others - -
II. COMMITMENT PAYABLES
1 Unused loan facilities granted to customer
a Committed 143.151 127.083
b Uncommitted 14.522.722 18.806.569
2 Outstanding irrevocable letters of credit 249.955 20.106
3 Outstanding sales position on spot and derivative/forward 1.808.171 1.806.505
4 Others 14.189 13.735
III. CONTINGENT RECEIVABLES
1 Guarantees received 2.827.380 2.326.998
2 Others 8.879.176 7.761.202
IV. CONTINGENT PAYABLES
1 Guarantees issued 3.163.484 2.579.175
2 Others - -
Page 4
Statements of Assets’ Quality and Other Information
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2024 and 2023
(In Millions of Rupiah)
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
No DESCRIPTION September 30, 2024 (Reviewed) September 30, 2023(Reviewed)
Current Special Mention Sub Standard Doubtful Loss Total Current Special Mention Sub Standard Doubtful Loss Total
I. RELATED PARTIES
1. Placements with other banks
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
2. Spot and derivative receivables/ forward
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
3. Securities
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
4. Securities sold with agreement to repurchase (Repo)
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
5. Securities purchased with agreement to resell (Reverse Repo)
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
6. Acceptances receivables - - - - - - - - - - - -
7. Loans and financing provided
a. Micro, Small and Medium loans (UMKM)
i Rupiah - - - - - - - - - - - -
ii Foreign currencies - - - - - - - - - - - -
b. Non UMKM
i Rupiah 84.787 643 - - - 85.430 97.730 - - - - 97.730
ii Foreign currencies - - - - - - - - - - - -
c. Restructured loans
i Rupiah - - - - - - - - - - - -
ii Foreign currencies - - - - - - - - - - - -
8. Investments in shares - - - - - - - - - - - -
9 Other receivable - - - - - - - - - - - -
10 Commitments and contingencies
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies - - - - - - - - - - - -
Page 5
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
No DESCRIPTION September 30, 2024 (Reviewed) September 30, 2023(Reviewed)
Current Special Mention Sub Standard Doubtful Loss Total Current Special Mention Sub Standard Doubtful Loss Total
II. NON RELATED PARTIES
1. Placements with other banks
a. Rupiah 1.446.932 - - - - 1.446.932 506.072 - - - - 506.072
b. Foreign currencies 1.914.446 - - - 1.765 1.916.211 2.210.288 - - - 1.711 2.211.999
2. Spot and derivative receivables/ forward
a. Rupiah - - - - - - - - - - - -
b. Foreign currencies 54.812 - - - - 54.812 70.302 - - - - 70.302
3. Securities
a. Rupiah 42.520.537 48.767 4.412 7.430 52.865 42.634.011 39.088.739 49.816 3.940 6.058 55.422 39.203.975
b. Foreign currencies 11.859.283 - - - - 11.859.283 4.366.892 - - - - 4.366.892
4. Securities sold with agreement to repurchase (Repo)
a. Rupiah 982.925 - - - - 982.925 2.505.591 - - - - 2.505.591
b. Foreign currencies - - - - - - - - - - - -
5. Securities purchased with agreement to resell (Reverse Repo)
a. Rupiah 250.523 - - - - 250.523 - - - - - -
b. Foreign currencies - - - - - - - - - - - -
6. Acceptances receivables 955.198 - - - - 955.198 810.390 - - - - 810.390
7. Loans and financing provided
a. Micro, Small and Medium loans (UMKM)
i Rupiah 7.278.718 216.376 16.873 40.865 757.352 8.310.184 5.592.406 156.865 27.566 51.578 1.075.323 6.903.738
ii Foreign currencies - - - - - - - - - - - -
b. Non UMKM
i Rupiah 300.583.729 34.266.063 810.963 1.723.105 8.169.995 345.553.855 269.036.978 29.749.143 635.110 1.178.196 8.270.657 308.870.084
ii Foreign currencies 2.114.231 - - - - 2.114.231 2.428.126 - - - - 2.428.126
c. Restructured loans
i Rupiah 29.367.039 21.754.952 476.725 1.277.886 6.051.120 58.927.722 31.041.671 17.046.262 369.445 791.300 6.670.398 55.919.076
ii Foreign currencies - - - - - - - - - - - -
8. Investments in shares - - - - - - - - - - - -
9 Other receivable - - - - - - - - - - - -
10 Commitments and contingencies
a. Rupiah 16.805.210 480.991 1.936 7.504 150.721 17.446.362 18.917.185 605.183 14.324 2.333 165.166 19.704.191
b. Foreign currencies 647.139 - - - - 647.139 1.414.615 - - - - 1.414.615
III. OTHER INFORMATION
1. Value of bank’s assets pledge as collateral:
a. To Bank Indonesia - -
b. To others - -
2. Repossessed assets 77.591 77.591
Page 6
Losses and Allowance for Asset Quality Assessment
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2024 and 2023
(In Millions of Rupiah)
September 30, 2024 September 30, 2023
(Reviewed) (Reviewed)
NO DESCRIPTION Required allowance for Required allowance for
Allowance for Impairment Allowance for Impairment
losses on earning assets losses on earning assets
Stage 1 Stage 2 Stage 3 General Special Stage 1 Stage 2 Stage 3 General Special
1. Placements with other banks 30 - 1.765 20.463 1.765 24 - 1.711 27.163 1.711 (1.740.784)
2. Spot and derivative receivables/forward - - - 548 - - - - 703 -
3. Securities 18 - - 42.517 59.680 212 - 2.000 42.210 61.533
4. Securities sold with agreement to repurchase (Repo) - - - - - - - - - -
5. Securities purchased with agreement to resell (Reverse Repo) - - - 2.505 - - - - - -
6. Acceptances receivables 298 - - 9.552 - 730 - - 8.104 -
7. Loans and financing provided 2.514.406 3.371.695 8.687.781 2.942.958 9.698.087 2.770.739 3.281.402 9.920.574 2.743.987 10.584.253
8. Investments in shares - - - - - - - - - - -
9. Other receivable - - - - - - - - - -
10. Commitments and contingencies 1.049 - - 34.134 24.049 1.867 13 1.013 28.770 30.259 66.468
Page 7
STATEMENTS OF CALCULATION OF CAPITAL ADEQUACY RATIO
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2024 and 2023
(in Millions of Rupiah)
September 30, 2024 September 30, 2023
CAPITAL COMPONENTS
(Reviewed) (Reviewed)
I CORE CAPITAL (TIER 1) 29.079.844 25.196.706
1 Common Equity Tier 1 (CET 1) 29.079.844 25.196.706
1.1 Paid-in Capital (net of Treasury Stock) 7.017.222 7.017.222
1.2 Disclosed Reserves 24.645.093 21.117.235
1.2.1 Additional Factor 25.365.335 22.794.873
1.2.1.1 Other comprehensive income 3.565.773 3.565.773
1.2.1.1.1 Excess differences arising from translation of financial statement - -
1.2.1.1.2 Potential gain due to increases of fair value of financial asset through other comprehensive income - -
1.2.1.1.3 Surplus of fixed assets revaluation 3.565.773 3.565.773
1.2.1.2 Other disclosed reserves 21.799.562 19.229.100
1.2.1.2.1 Agio 4.418.900 4.418.900
1.2.1.2.2 General reserves 4.621.242 4.621.242
1.2.1.2.3 Previous year profit 10.677.027 7.876.237
1.2.1.2.4 Current year profit 2.082.393 2.312.721
1.2.1.2.5 Funds for paid-in capital - -
1.2.1.2.6 Others - -
1.2.2 Deduction Factor (720.242) (1.677.638)
1.2.2.1 Other comprehensive income (641.241) (1.598.637)
1.2.2.1.1 Negative differences arising from translation of financial statement - -
1.2.2.1.2 Potential losses due to decreases of fair value of financial asset through other comprehensive income (641.241) (1.598.637)
1.2.2.2 Other disclosed reserves (79.001) (79.001)
1.2.2.2.1 Disagio - -
1.2.2.2.2 Previous year loss - -
1.2.2.2.3 Current year loss - -
1.2.2.2.4 Negative difference in allowance for possible losses and allowance for impairment on earning assets - -
1.2.2.2.5 Negative difference in adjusment amounts from fair value of financial assets in trading book - -
1.2.2.2.6 Required allowance for non earning assets (79.001) (79.001)
1.2.2.2.7 Others - -
1.3 Non Controlling Interest - -
1.4 Deduction Factor of CET 1 (2.582.471) (2.937.751)
1.4.1 Deferred tax calculation (2.582.471) (2.937.751)
1.4.2 Goodwill - -
1.4.3 Other intangible assets - -
1.4.4 Investments in share - -
1.4.5 Shortfall of capital on insurance subsidiaries - -
1.4.6 Securitisation exposure - -
1.4.7 Other deduction of CET 1 - -
1.4.7.1 Placement of funds in instrumen AT 1 and/or Tier 2 to other bank - -
1.4.7.2 Cross-ownership in another entity acquired by the transition due to law, grants, or grants will - -
1.4.7.3 Exposure that give rise to credit risk due the settlement (settlement risk) - Non Delivery Versus Payment - -
1.4.7.4 Exposures in subsidiaries that to business activity based on sharia principle - -
2 Additional Tier 1 (AT 1) - -
2.1 Instrument which comply with AT 1 requirements - -
2.2 Agio / Disagio - -
2.3 Deduction Factor of AT 1 - -
2.3.1 Placements of fund in instrument AT 1 and/or Tier 2 to other bank - -
2.3.2 Cross ownership in another entity acquired by the transition due to law, grants or grants will - -
II SUPPLEMENTAL CAPITAL (TIER 2) 2.836.485 4.443.777
1 Capital instrument in the form of stock or other which comply with Tier 2 requirements 1.000.262 2.826.390
2 Agio/Disagio - -
3 General provision on earning assets (max. 1.25% credit risk - weighted assets) 1.836.223 1.617.387
4 Deduction supplemental capital - -
4.1 Sinking Fund - -
4.2 Placement of funds in instrumen Tier 2 to other bank - -
4.3 Cross-ownership in another entity acquired by the transition due to law, grants, or grants will - -
TOTAL CORE AND SUPPLEMENTAL CAPITAL 31.916.329 29.640.483
September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023
DESCRIPTIONS DESCRIPTIONS
(Reviewed) (Reviewed) (Reviewed) (Reviewed)
RISK WEIGHTED ASSETS CAR RATIO
CREDIT RISK -WEIGHTED ASSETS 145.317.561 129.390.995 CET 1 Ratio (%) 17,04% 16,65%
MARKET RISK -WEIGHTED ASSETS 6.287.932 4.040.147 Tier 1 Ratio (%) 17,04% 16,65%
OPERATIONAL RISK - WEIGHTED ASSETS 19.055.594 17.889.426 Tier 2 Ratio (%) 1,66% 2,94%
TOTAL RISK WEIGHTED ASSETS 170.661.087 151.320.568 Capital Adequacy Ratio (%) 18,70% 19,59%
CAR BASED ON RISK PROFILE (%) 9,25% 9,18% CET 1 for Buffer (%) 9,45% 10,65%
CAPITAL ALLOCATION FOR CAR BASED ON RISK PROFILE PERCENTAGE OF BUFFER MANDATORY FILLED BY BANK (%)
From CET1 (%) 7,59% 6,00% Capital Conservation Buffer (%) 2,500% 2,500%
From AT1 (%) 0,00% 0,00% Countercyclical Buffer (%) 0,000% 0,000%
From Tier 2 (%) 1,66% 3,18% Capital Surcharge for Systemic Bank (%) 1,000% 1,000%
Page 8
STATEMENT OF CASH FLOWS
PT Bank Tabungan Negara (Persero) Tbk
For The Period Ended September 30, 2024 And 2023
(in Millions of Rupiah)
September 30, 2024 September 30, 2023
DESCRIPTION
(Reviewed) (Reviewed)
CASH FLOWS FROM OPERATING ACTIVITIES
Interest, profit sharing, and margin 22.176.608 20.542.507
Recoveries from loan debts written-off 566.698 453.875
Interest and bonus, fees and commissions paid (13.682.216) (10.988.518)
Corporate income tax paid (773.501) (819.981)
Other operating expenses - net (5.238.291) (4.378.980)
Other non-operating expense - net (1.947) (35.452)
Cash receipts before changes in operating assets and liabilities 3.047.351 4.773.451
Changes in operating assets and liabilities:
Decrease (increase) in operating assets:
Fair value through profit or loss
securities (15.686.789) (709.959)
Fair value through profit or loss
government bonds 193.617 6.344.448
Acceptance Receivable (410.631) (389.828)
Derivative Receivable (22.636) -
Loans and sharia financing/receivables (24.803.142) (22.713.709)
Other assets (2.433.896) (720.286)
Increase (decrease) in operating liabilities:
Current liabilities 119.128 (190.411)
Deposits from customer
Demand deposits 852.782 1.602.851
Wadiah demand deposits 3.894.854 2.322.760
Savings deposits (4.706.524) (106.980)
Savings deposits Wadiah 199.314 45.049
Time deposits 18.965.834 (1.214.457)
Deposits from other banks 137.964 1.335.967
Acceptance liabilities 410.631 389.828
Other liabilities (457.703) (437.541)
Temporary syirkah funds 1.803.476 (772.757)
Net Cash provided (used in) by Operating Activities (18.896.370) (10.441.574)
CASH FLOWS FROM INVESTING ACTIVITIES
Receipt (purchase) of amortized cost securities 326.662 (621.754)
Acquisitions of premises and equipment (543.839) (494.580)
Receipt of amortized cost government bonds 2.286.468 1.451.405
(Purchase) receipt in fair value through other comprehensive income securities 75.508 (1.245.692)
Receipt from securities purchased under agreement to resell 15.426.611 41.214.130
(Purchase) receipt in fair value through other comprehensive income government bonds (1.300.516) 2.335.190
Placement of securities purchased under agreement to resell (15.677.134) (39.779.940)
Sales of premises and equipment 3.045 -
Net Cash provided by (used in) Investing Activities 596.805 2.858.759
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of matured securities issued (2.642.500) (2.751.853)
Proceeds of securities issued 516.709 533.196
Payments of dividends (700.198) (609.015)
Proceeds from fund borrowings 3.391.935 3.755.422
Payment from fund borrowings (8.171.902) (1.986.492)
Proceeds from securities sold under repurchase agreements 933.527 2.378.769
Payment of lease liabilities (70.673) (59.128)
Payment of subordinated borrowings (77.100) -
Paid-up in capital in advance - 1.330.093
Net Cash Provided by (used in) Financing Activities (6.820.202) 2.590.992
Page 9
STATEMENT OF CASH FLOWS
PT Bank Tabungan Negara (Persero) Tbk
For The Period Ended September 30, 2024 And 2023
(in Millions of Rupiah)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (25.119.767) (4.991.823)
DESCRIPTION
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 53.037.770 41.526.686
CASH AND CASH EQUIVALENTS AT END OF PERIOD 27.918.003 36.534.863
The details of cash and cash equivalents at end of period are as follows:
Cash 1.504.426 1.426.965
Current accounts with Bank Indonesia 11.125.896 12.434.735
Current accounts with other banks 2.048.082 2.718.010
Placements with Bank Indonesia and other banks - maturing within
three months or less since the acquisition date 13.239.599 19.955.153
Total of cash and cash equivalents 27.918.003 36.534.863
Page 10
CALCULATION OF FINANCIAL RATIOS
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2024 and 2023
(in %)
September 30, 2024 September 30, 2023
RATIOS (Reviewed) (Reviewed)
PERFORMANCE RATIOS
1. Capital Adequacy Ratio (CAR) 18,70% 19,59%
2. Non performing earning assets and non earning assets to total
2,72% 2,97%
earning assets and non earning assets
3. Non performing earning assets to total earning assets 2,70% 2,95%
4. Allowance for impairment on financial assets to earning assets 3,50% 4,34%
5. NPL gross 3,24% 3,53%
6. NPL net 1,57% 1,58%
7. Return on Asset (ROA) 0,77% 0,96%
8. Return on Equity (ROE) 10,07% 12,38%
9. Net Interest Margin (NIM) 2,92% 3,76%
10. Operating Expenses to Operating Income 89,43% 87,21%
11. Cost to Income Ratio (CIR) 59,86% 46,65%
12. Loan to Deposit Ratio (LDR) 96,04% 98,27%
COMPLIANCE
1. a. Percentage violation of Legal Lending Limit
i. Related parties 0,00% 0,00%
ii. Non - Related parties 0,00% 0,00%
b. Percentage of excess of the Legal Lending Limit
i. Related parties 0,00% 0,00%
ii. Non - Related parties 0,00% 0,00%
2. Reserve requirement
a. Primary reserve requirement Rupiah
1.) Conventional
- Daily 0,27% 0,09%
- Average 5,00% 7,20%
2.) Syariah 5,84% 8,36%
b. Reserve requirement Foreign currencies (Daily) 4,64% 4,27%
3. Net Open Position - Overall 1,97% 8,31%
Page 11
STATEMENTS OF SPOT AND DERIVATIVE TRANSACTIONS
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2024
(Reviewed)
(In Millions of Rupiah)
NOTIONAL Type Derivative Receivables & Payables
NO TRANSACTION
AMOUNT
Trading Hedging Receivables Payables
A. Exchange Rate Related
1. Spot -
2. Forward - - - - -
3. Option - - - - -
a. Written - - - - -
b. Purchased
4. Future - - - - -
5. Swap 1.590 - - 9 74
6. Others 1.847.080 - - 54.803 -
B. Interest Rate Related
1. Forward - - - - -
2. Option
a. Written - - - - -
b. Purchased - - - - -
3. Future - - - - -
4. Swap - - - - -
5. Others - - - - -
C. Others - - - - -
TOTAL 1.848.670 - - 54.812 74
PRIME LENDING RATE
PT Bank Tabungan Negara (Persero) Tbk
As of September 30, 2024
(% per annum)
Prime Lending Rate
Description Business Segment
Corporate Retail Micro Consumer Loan
Loan Loan Loan Mortgage Non Mortgage
Prime Lending Rate 8,05% 8,30% n/a 7,40% 8,80%
Page 12
Catatan :
1) The above interim financial information is taken from the interim financial statements of PT Bank Tabungan Negara (Persero) Tbk
(“the Bank”) as of September 30, 2024 and for the nine-month period ended on that date, which were prepared by the Bank’s
management in accordance with Indonesian Financial Accounting Standards, which have been reviewed by the Public
Accounting Firm Purwantono, Sungkoro & Surja (“PSS”), a member firm of Ernst & Young Global Limited, with the partner in
charge is Christophorus Alvin Kossim, in accordance with Standard on Review Engagements 2410, “Review of Interim Financial
Information Performed by the Independent Auditor of the Entity”, established by the Indonesian Institute of Certified Public
Accountants, with a review opinion there are no matters of concern to PSS which cause PSS to believe that the interim financial
statements do not present fairly, in all material respects, the financial position of the Bank as of September 30, 2024, as well as
its financial performance and cash flows for the nine-month period ended on that date, in accordance with Indonesian Financial
Accounting Standards, as stated in their report dated November 29, 2024 which are not included in this publication. Since the
above financial information is taken from the financial statements, it is therefore not a complete presentation of the financial
statements.
2) The above published Financial Statements are presented to comply with:
a) Financial Services Authority Regulation (POJK) Number 37/POJK.03/2019 Dated December 19, 2019 regarding
“Transparency and Published Financial Statements of The Banks” .
b) Circular Letter of Financial Services Authority (SEOJK) Number 9/SEOJK.03/2020 Dated June 30, 2020 regarding
“Transparency and Published Financial Statements of The Commercial Banks”.
c) Financial Services Authority Regulation (POJK) Number 27/POJK.03/2022 Dated December 26, 2022 on Second
Amendments of POJK Number 11/POJK.03/2016 regarding “Capital Adequacy Ratio for The Commercial Banks” and
Financial Services Authority Regulation (POJK) Number 34/POJK.03/2016 Dated September 22, 2016 on Amendments of
POJK Number 11/POJK.03/2016 regarding “Capital Adequacy Ratio for The Commercial Banks”.
d) Financial Services Authority Regulation (POJK) Number 14/POJK.04/2022 Dated August 18, 2022 regarding “Submission of
Periodic Financial Statements for Issuers or Public Companies”.
e) Capital Market and Financial Institution Supervisory Agency (Bapepam-LK) Regulation Number VIII.G.7, Decision of
Chairman of Bapepam-LK Number KEP-347/BL/2012 Dated June 25, 2012 regarding “Presentation and Disclosure of
Periodic Financial Statements for Issuers or Public Companies”.
f) Circular Letter of Financial Services Authority Number S-2/PB.11/2020 dated January 20, 2020 regarding Changes to
Published Financial Statements .
3) Related Parties in the Statements of Assets' Quality and Other Information are presented in accordance with Bank Indonesia
Regulation Number 7/3/PBI/2005 dated January 20, 2005 regarding the Amendment of Financial Services Authority Regulation
Number 38/POJK.03/2019 dated December 19, 2019 regarding the Amendment of Financial Services Authority Regulation
Number 32/POJK.03/2018 regarding The Legal Lending Limit and Provisions of Large Fund for Commercial Banks.
4) Exchange rate of 1 US Dollar as at September 30, 2024, December 31, 2023 and September 30, 2023 were Rp. 15.140,00,
Rp.15.397,00 dan Rp. 15.455,00 respectively.
5) Basic earnings per share is computed by dividing income for the year available to shareholders of ordinary shares (residual
income) by the weighted average number of ordinary shares outstanding during the current year.
Page 13
Management of The Bank
Board of Commissioner
President Commissioner/ Independent Commissioner : Chandra M. Hamzah
Vice President Commissioner/Independent Commissioner : Iqbal Latanro
Independent Commissioner : Armand B. Arief
Independent Commissioner : Sentot A. Sentausa
Independent Commissioner : Bambang Widjanarko*
Independent Commissioner : Adi Sulistyowati*
Commissioner : Andin Hadiyanto
Commissioner : Herry Trisaputra Zuna
Commissioner : Himawan Arief Sugoto
Board of Directors
President Director : Nixon L.P. Napitupulu
Vice President Director : Oni Febriarto Rahardjo
Director of Information Technology : Andi Nirwoto
Director of Assets Management : Elisabeth Novie Riswanti
Director of Distribution and Institutional Funding : Jasmin
Director of Risk Management : Setiyo Wibowo
Director of Consumer : Hirwandi Gafar
Director of Finance : Nofry Rony Poetra
Director of Human Capital, Compliance, and Legal : Eko Waluyo
Director of Operations and Customer Experience : Hakim Putratama
Director of SME and Retail Funding : Muhammad Iqbal **
Sharia Supervisory Board
Chairman : M. Quraish Shihab
Member : Mohammad Bagus Teguh Perwira
Member : Muhammad Faiz
Shareholder
Ultimate Shareholder
- Republic of Indonesia : 60,00%
Non Ultimate Shareholder through Capital Market (≥ 5%) : Nil
Non Ultimate Shareholder through non Capital Market (≥ 5%) : Nil
* Appointed as a member of Board of Commissioners of PT Bank Tabungan Negara (Persero) Tbk based on the Annual General Meeting of
Shareholders dated March 6, 2024 has effectively served since receiving OJK approval on October 7, 2024 based on OJK Letter No. SR-
438/PB.02/2024 dated October 7, 2024.
** Appointed as a member of Board of Directors of PT Bank Tabungan Negara (Persero) Tbk based on the Annual General Meeting of Shareholders
dated March 6, 2024 and has effectively served since receiving OJK approval on August 8, 2024 based on OJK Letter No. SR-333/PB.02/2024
dated August 8, 2024 .
Jakarta, November 29 2024
S.E. & O
PT BANK TABUNGAN NEGARA (PERSERO) Tbk
Board of Director
Nixon L.P. Napitupulu Nofry Rony Poetra
President Director Director of Finance
Page 14
STATEMENT OF FINANCIAL POSITION
As of September 30, 2024 and December 31, 2023
(In Millions of Rupiah)
September 30, 2024 December 31, 2023
NO DESCRIPTION
(Reviewed) (Audited)
ASET
1 Cash 107,521 109,085
2 Placement with Bank Indonesia 5,464,150 6,440,216
3 Placement with Other Bank 200 200
4 Investments in Marketable Securities 9,351,154 10,795,395
5 Receivable Financing 37,333,046 32,488,789
6 Revenue Sharing Financing 5,366,961 4,624,042
7 Ijarah Receivable 6,862 1,450
8 Other Productive Assets - -
9 Allowance for Impairment on Finansial Assets (1,482,425) (1,400,430)
10 Premisses and Equipment 45,254 23,259
11 Non Productive Assets - -
12 Other Assets 1,535,442 1,206,703
TOTAL ASSETS 57,728,165 54,288,709
LIABILITAS
1 Wadiah Deposits
a. Current Accounts 17,334,320 13,439,465
b. Saving Accounts 1,475,906 1,276,592
2 Temporary Syirkah Fund
a. Current Accounts 1,088,304 726,061
b. Saving Accounts 5,852,514 5,473,242
c. Time Deposits 21,932,266 20,887,524
3 Liabilities to Bank Indonesia - -
4 Liabilities to Other Bank 37,450 23,235
5 Securities Issued 331,464 265,846
6 Other Liabilities 4,646,973 4,017,837
7 Profit Sharing Deposits - -
8 Business Fund 4,464,484 7,471,713
9 Retained Earning
a. Other Comprehensive Income 13,721 65
b. Previous Year 4,794 4,794
c. Current Year 545,969 702,335
TOTAL LIABILITIES 57,728,165 54,288,709
Page 15
STATEMENT OF INCOME AND OTHER COMPREHENSIVE
For the Period Ended September 30, 2024 and 2023
(In Millions of Rupiah)
September 30, 2024 September 30, 2023
NO DESCRIPTION
(Reviewed) (Reviewed)
OPERATING INCOME AND EXPENSES
A. Operating Income and Expenses
1. Revenue from Fund Management as Mudharib
a. Income from Receipable Financing 2,170,443 1,899,529
b. Income from Revenue Sharing Financing 267,838 268,840
c. Income from Revenue from Ijarah 192 -
d. Other Main Operating Income 595,444 455,842
2. Third Parties Share on Returns of Temporary Syirkah Funds (1,354,646) (1,024,108)
a. Non Profit Sharing (1,354,646) (1,024,108)
b. Profit Sharing - -
3. Revenue after Sharing Distribustion 1,679,271 1,600,103
B. Other Operating Income and Expenses
1 Gain (Loss) from foreign Currencies Transaction - -
2 Income Bank as Mudharib from Revenue Sharing - -
3 Comissions / Provisions / Fees and Administrative 78,532 66,528
4 Other Income - -
5 Bonus on Wadiah Demand Deposite (102,684) (54,796)
6 Impairment for Financial Assets (257,736) (186,795)
7 Losses Related to Financial Assets - -
8 Impairment for Other Financial Assets 14,451 (46,438)
9 Salaries and Employee Benefits (274,679) (434,893)
10 Other Expense (591,281) (542,816)
Other Operating Income (Expenses) (1,133,397) (1,199,210)
PROFIT AND LOSS FROM OPERATIONS 545,874 400,893
NON OPERATING INCOME AND EXPENSES
1. Gain (Loss) for Sales of Premises and Equipment - -
2. Other Non Operating Income (Expenses) 95 (1)
PROFIT AND LOSS FROM NON OPERATIONS 95 (1)
PROFIT AND LOSS CURRENT PERIOD BEFORE TAX 545,969 400,892
Income Tax Expenses - -
PROFIT AND LOSS CURRENT PERIOD 545,969 400,892
OTHER COMPREHENSIVE INCOME
1 Unreclasiffied to Profit (Loss) - -
2 Reclasiffied to Profit (Loss) 13,656 12,618
OTHER COMPREHENSIVE INCOME FOR THE YEAR AFTER TAX 13,656 12,618
TOTAL COMPREHENSIVE PROFIT (LOSS) FOR THE YEAR 559,625 413,510
Page 16
STATEMENT OF COMMITMENTS AND CONTIGENCIES
As of September 30, 2024 and December 31, 2023
(In Millions of Rupiah)
September 30, 2024 December 31, 2023
NO DESCRIPTION
(Reviewed) (Audited)
1. COMMITMENT RECEIVABLES
1. Unused Fund Borrowing/Financing Fasilities - -
2. Outstanding Purchase Position on Spot and Derivative/forward - -
3. Others - -
2. COMMITMENT PAYABLES
1. Unused Loan Fasilities Granted to Customer 1,327,741 1,143,774
2. Outstanding Sales Position on Spot and Derivative/forward
3. Others
3. CONTIGENT RECEIVABLE
1. Guarantees Received - -
2. Income in Progress - -
3. Others 3,436,577 3,219,644
4. CONTIGENT PAYABLES
1. Guarantees Issued 523 439
2. Others - -
Page 17
REVENUE SHARING DISTRIBUTION
Sharia Business Unit PT Bank Tabungan Negara (Persero) Tbk.
PERIOD September 30, 2024
in million Rp
Net Revenue Sharing
SHARE OF SHAHIBUL MAAL
COLLECTIVE TYPE AVERAGE INCOME THAT BONUS AND
NO.
BALANCE MUST BE DIVIDED RASIO REVENUE INDIKASI EQV.
SHARING
I Liabilities to Other Bank - - - - -
II Mudharabah Current Deposits
a. Bank - - - - -
b. Non Bank 1,077,055 7,732 9.14% 707 0.79%
III Mudharabah Saving Deposits
a. Bank 18,108 130 33.12% 43 2.85%
b. Non Bank 5,178,961 37,179 28.61% 10,638 2.47%
IV Mudharabah Time Deposits
a. Bank
1 Month - - - - -
3 Month 1,000 7 29.50% 2 2.54%
6 Month 10 - 29.50% - 2.54%
12 Month - - - - -
b. Non Bank
1 Month 2,797,496 20,083 26.17% 5,256 2.25%
3 Month 8,198,785 58,858 29.50% 17,363 2.54%
6 Month 2,638,492 18,941 29.50% 5,588 2.54%
12 Month 1,796,149 12,894 29.50% 3,804 2.54%
V Fund Borrowings 4,058,967 127,244 11.83% 15,052 4.45%
TOTAL 25,765,023 283,068 58,453
NO. TYPE OF DISBURSEMENT AVERAGE BALANCE INCOME RECEIVED
I Placement with Other Bank - -
II Murabahah Receivable
a. Bank - -
b. Non Bank 9,161,347 148,265
III Istishna Receivable
a. Bank - -
b. Non Bank 128,383 34,104
IV Multi-Service Receivable
a. Bank - -
b. Non Bank 19,839 136
V Rahn Financing
a. Bank - -
b. Non Bank - -
VI Mudharabah Financing
a. Bank - -
b. Non Bank 56,841 -
VII Musyarakah Financing
a. Bank - -
b. Non Bank 4,810,235 24,443
VIII Ijarah Receivable
a. Bank - -
b. Non Bank - 105
IX Other Financing
a. Bank - -
b. Non Bank - 4
TOTAL 14,176,645 207,057
Page 18
Financial Ratios
For the Period Ended September 30, 2024 and 2023
September 30, 2024 September 30, 2023
NO ratio (Reviewed) (Reviewed)
1 Total Assets Sharia Unit to Total Assets Consolidation 12.68% 11.82%
2. Non Performing Productive Assets to Total Productive Assets 2.29% 2.51%
3. Allowance for Impairment on Productive Assets to Total Productive Assets 2.85% 3.53%
4. Gross NPF 2.79% 3.07%
5. Nett NPF 0.22% 0.13%
6. Return On Assets (ROA) 1.30% 1.15%
7. Financing Revenue Sharing to Total Financing 12.57% 13.38%
8 Financing to Deposit Ratio (FDR) 89.56% 98.73%
189,513,351,985,141 149,289,284,555,553
15,802,557,727,083 11,408,728,423,835
8.34 7.64
Page 19
Catatan :
Circular Letter of Financial Services Authority (SEOJK) Number 10/SEOJK.03/2020 regarding
“Transparency and Published Financial Statements of The Sharia Commercial Bank and Sharia Unit.
Jakarta, November 29, 2024
PT Bank Tabungan Negara (Persero) Tbk
Sharia Business Unit
M. Quraish Shihab Hirwandi Gafar
Sharia Supervisory Board Consumer Director
Names mentioned 25 people and organisations named in the text · linked when the evidence is strong
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Bank Indonesia
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Financial Services Authority
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Bapepam-LK
p.12 ×4
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Bank Indonesia Regulation
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