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1H24 Results Presentation
PT Bank Tabungan Negara (Persero) Tbk
Jakarta, 25 July 2024
# KARENA HIDUP
GAK CUMA TENTANG HARI INI
Page 2
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Material Presentation Annual Report Sustainability Report
IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this presentation
This presentation contains privileged information and has been prepared solely for the recipient(s). By accepting a copy (or the contents) of this
presentation, you are deemed to have acknowledged and agreed to the provisions appearing hereinafter. The existence of this presentation and
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part, without prior consent of PT Bank Tabungan Negara (Persero) Tbk. (“BTN” or the “Company”).
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Table of Contents
Macroeconomics Highlights 04
Progress on 2024 Initiatives 08
Overview on BBTN 20
Asset Quality 33
Sharia Business 39
Guidance 44
Sustainable Finance 46
5 Years Financial Performance 61
Appendix 74
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Macroeconomics Highlight # KARENA HIDUP GAK CUMA TENTANG HARI INI
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Macroeconomic Highlight (1/2)
World Economic Outlook
2023 2024F 2025F
8.2%
7.0%
6.5%
5.0% 5.0% 5.1% 5.2% 5.0%
4.4% 4.4% 4.5% 4.4% 4.3% 4.3%
3.6%
3.3% 3.2% 3.3%
2.5% 2.6%
1.7% 1.7% 1.8% 1.9% 1.9%
1.5%
0.9% 1.0%
0.5% 0.7%
India Indonesia Malaysia China Global Advanced Emerging Market United States European Union Japan
Economies and Developing
Economies
Key Takeaways
▪ The global economy is stabilizing, however, it is still vulnerable to the uncertainties happening in the world.
▪ Inflation rates are declining without recession, but continue to persist in some countries, which keep their interest rates high.
▪ The potential of heightened inflation will increase the possibility of a high-for-even-longer interest rates, which in turn
raises financial, fiscal, and external concerns and could interfere with capital flows and hinder planned monetary policy easing,
which could potentially affect global growth.
▪ The upcoming US election will significantly impact the fiscal economic policies with a negative spillover across the globe. As a
result, there are no one size fit for all policies.
Source: IMF, July 2024
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Macroeconomic Highlight (2/2)
Inflation Rates (%) Policy Rates (%)
13.00 7.00
11.00 6.3
6.00
5.5
9.00 5.00
5.5
7.00 4.00 5.5
5.5
5.00 3.0 3.00 5.5
2.7
3.00 2.6 2.00
2.6
2.5
1.00 1.8 1.00
-1.00 0.00
-3.00
-1.00
Sep-23
Sep-19
Sep-20
Sep-21
Sep-22
Dec-19
Dec-20
Dec-21
Mar-22
Dec-22
Dec-23
Mar-20
Mar-21
Mar-23
Mar-24
Jun-19
Jun-20
Jun-21
Jun-22
Jun-23
Jun-24
Jun-24
Jun-19
Sep-19
Jun-20
Sep-20
Jun-21
Sep-21
Jun-22
Sep-22
Jun-23
Sep-23
Dec-19
Mar-20
Dec-20
Dec-21
Dec-22
Dec-23
Mar-21
Mar-22
Mar-23
Mar-24
Canada Denmark European Union
Canada Denmark European Union
Indonesia Sweden United States
Indonesia Sweden United States
Key Takeaways
▪ Global inflation rate has been on a declining trend after peaking in 2022.
▪ In some countries, the inflation rates have reached their target range. However, in other countries the inflation rates are still
above their target range.
▪ Some central banks have cut their policy rates, such as in Canada, Denmark, Sweden and also European Central Bank (ECB).
▪ While the Federal Reserves keeps its policy rate unchanged and is likely to continue high for longer interest rate policy
Source: IMF, July 2024
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BTN House Price Index (BTN HPI) as of 1H24
National House Price Index HPI Type 36
BTN HPI QoQ YoY
BTN HPI QoQ YoY 9.87
8.99 7.71
8.25 6.67 7.02
7.14 6.20 6.49
6.80 5.55 5.59
6.00
5.27 5.02 5.44 3.97 4.26
3.93 4.23
1.43 1.87 1.44 1.72 1.67 1.79
1.78 2.05 1.34 1.38 1.09 1.07
1.13 1.37 1.07 1.16 1.55 1.50 1.39 1.53
Sep-20
Sep-21
Sep-22
Sep-23
Dec-19
Dec-20
Dec-21
Dec-22
Dec-23
Mar-20
Mar-21
Mar-22
Mar-23
Mar-24
Jun-24
Jun-20
Jun-21
Jun-22
Jun-23
Sep-20
Sep-21
Sep-22
Sep-23
Mar-23
Dec-20
Dec-21
Mar-22
Dec-22
Dec-19
Mar-20
Mar-21
Dec-23
Mar-24
Jun-20
Jun-21
Jun-22
Jun-23
Jun-24
HPI Type 45 BTN HPI QoQ YoY HPI Type 70 BTN HPI QoQ YoY 11.97
9.24
8.20 8.19
8.64
6.65 7.50
4.89 4.86 6.08 6.02 5.88
3.91 4.28 4.86
3.38 3.46 3.93 4.00 4.22
2.97
2.04 2.67 2.66
1.44 1.64 1.78 1.61 1.75
0.91 1.28 1.18 1.46 1.31
0.82 0.84 1.05 0.94
0.34 0.52
Sep-20
Sep-21
Sep-22
Sep-23
Dec-19
Mar-20
Dec-20
Dec-21
Dec-22
Dec-23
Mar-21
Mar-22
Mar-23
Mar-24
Jun-20
Jun-21
Jun-22
Jun-23
Jun-24
Sep-22
Sep-20
Sep-21
Sep-23
Dec-19
Dec-20
Dec-21
Dec-22
Dec-23
Mar-20
Mar-21
Mar-22
Mar-23
Mar-24
Jun-20
Jun-21
Jun-22
Jun-23
Jun-24
Source: BTN HPI 1H24 7
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Progress on
2024 Initiatives
# KARENA HIDUP
GAK CUMA TENTANG HARI INI
Page 9
Provides End-to-End Mortgage Business to Fulfill National Housing Needs
BTN functions as a:
❑ Financial Institution that provides lending products to all stakeholders both on the supply and demand sides
❑ Initiator and Integrator of inter-institutional cooperation to boost house supplies
Serve the nation’s housing needs
for more than 47 years Extensive networks infrastructure
85% loans exposure Expand to 8 Regional Offices 116 Branches
in housing related sectors Emerging Affluent
segments to
5.2 mn of housing has provide more 615 Sub-Branches ± 3,789 e-channel
been disbursed since 1976 sustainable growth [ATM & CRM]
Tap Beyond Mortgage Nation-wide stakeholders'
Business coverage
▪ Expanding to high-yield segments in housing- >3000 notary offices
>7000 developer
related sectors have collaborated with
partners
▪ Enhancing wholesale transaction system to BTN in mortgages
mostly subsidized
capture institutional customers disbursement
residential developers
Capture new markets with Comprehensive mortgage ecosystem
innovative and unique products
F
L
U
E
N
A newly launched funding N
D
D
A new business segment for the
I
product for the emerging
I emerging affluent
N affluent segment
N segment, tapping higher loan
G (AUM IDR 100-500Mn)
G ticket size (loan size >IDR 750 mn)
*) Emerging Affluent : Monthly income of IDR 8 - 30 Mn 9
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Initiative Strategies : Sales Center Initiative has yielded both on Funding and Lending
❑ To maintain market share on mortgage, BTN has launched 6 Sales Center
(IDR Mn) Across Indonesia.
~15
❑ BTN is targeting to launch up another Sales Center in 2024, and in total of
Sales Center customers have 12 Sales Center within 2025.
more than 3x of average Medan
Sales Center Tranche 1
(Launched in June 2023)
saving balance than average ~5 Sales Center Tranche 2
non-subsidized customers (Launched in May 2024)
Non Subsidized Emerging Affluent
Cust. Segment
BSD Kelapa Gading Makassar
(Banten) (Jakarta Area)
% Non-Subsidized Mortgage Disbursement > IDR 750 Mn
In 2Q24, 50.2% of non-subsidized mortgage Surabaya
disbursement with ticket size Sales Center Disbursement Bandung (East Java)
(West Java)
above IDR 750 Mn are contributed by Sales (IDR Bn)
Center.
618 Sales Center Performances (Since 1st Launched in Jun 23)
Sales Center contribution portion 587
keeps increasing Sales Center Total Disb. NPL Avg. Ticket Size
446
Kelapa Gading 571 0.0 1.2
(Jakarta Area) (IDR Bn) (%) (IDR Bn)
179 BSD 683 0.0 0.9
(Serpong) (IDR Bn) (%) (IDR Bn)
48.7%
42.5%
50.2%
23.2%
Surabaya 542 0.0 1.0
(East Java) (IDR Bn) (%) (IDR Bn)
3Q23 4Q23 1Q24 2Q24 3Q23 4Q23 1Q24 2Q24
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Initiative Strategies : Elevating Yield Through High Yield Loan
Loan Disbursement (IDR Tn) Loan Outstanding (IDR Tn) KUR Strategies
101.6% yoy
High Yield Loan Outstanding ❑ KUR Outlets expansion to 300 outlets
2.4 (IDR Tn) in 2024
2.0
1.8 17.2% yoy 2.0 ❑ Focus on Small KUR within Housing
Ecosystem
1.8
K 1.6
1.4
1.2 24.9% yoy ❑ Introducing ‘BTN Laku’ to automatize
U 0.7 0.8
1.2
1.0
0.6 0.7 SME Business Process
R 0.3 0.3
0.8
0.6
18. 0
0.4
15.4 KRING Strategies
0.2
-
14.4
16. 0
FY21 FY22 FY23 1H23 1H24 2021 2022 2023 Jun-23 Jun-24
❑ Focusing on offers and promotions
2.4
12.3 through tele-sales, payroll customers,
14. 0
22.4% yoy 2.0
11.2 and joint financing to help boost
5.0 10.2 1.2
12. 0
4.7 KRING disbursement.
0.7
6.0
K 2.3 8.6% yoy 4.1 5.0 ❑ Introducing 'BTN Paylater' to target
1.9 3.8 0.3 4.7
5.0
1.7
2.5
R
10. 0
3.2 4.1 new and existing customers
3.8
2.0 4.0
I 1.5
0.9 1.0 3.0
8.0
3.2 ❑ Joint financing/ asset buying through
N 1.0 2.0
synergy with other institutions.
G
0.5 1.0
6.0
❑ Optimizing Payroll with new
0.0
- institutions
FY21 FY22 FY23 1H23 1H24 2021 2022 2023 Jun-23 Jun-24
4.0
7.7 7.0 8.0
6.7 6.7
13.3% yoy KAR Strategies
2.0
12. 0
❑ Tele-sales intensification to promote
8.0
0.0
2.3 7.7
10. 0
6.7 6.7 7.0 2021 2022 2023 Jun-23 Jun-24 top-up loan
5.5% yoy
K ❑ Implementing ‘BTN Ready’ digital
8.0
A 1.1 1.3 lending platform with KAR Top Up
6.0
1.0 1.0 feature
R
4.0% 4.4%
4.0
High yield ❑ Upselling and cross selling activities
loan portion Jun-24
2.0
Jun-23 for existing customers
0.0
FY21 FY22 FY23 1H23 1H24 2021 2022 2023 Jun-23 Jun-24
11
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Initiative Strategies : Improving Low-cost Funding and transforming BTN into a
transactional bank (1/2)
Third Party Deposits Third Party Deposits - Cost of Fund by Segment
(Composition by Segment as of Jun-24) Cost of Fund by Segment (% YtD)
IDR 365 Tn
Institution
6.7% 6.7% 6.7% 6.6% 6.5% 6.4%
BTN has separated institution funding into 2 business Large
unit since January 2024.
❑ Focusing on Government, Regional 6.1% 5.8% 5.7%
Owned, Middle Institutions (max. of Institution
Middle 5.0%
IDR 500 Bn) Segment 4.8% 4.9% 5.8% 5.8% 5.7%
Institution 4.8%
❑ Establishing ~140 Commercial 4.0% 3.9%
61.7% Funding Sales throughout Indonesia 3.7%
3.2%3.2% 3.2% 3.2%
3.2%
3.1%
3.20% 3.3% Medium
❑ Focusing on SOEs and Large Funding 3.0%
2.97%
Large Institutions (more than IDR 500 Bn). 2.80% 3.0%
2.9% 2.64%2.61% 2.61% 3.0% 2.9% 2.9% 2.9% 2.9% 2.9%
Institution ❑ Centralized Funding Sales in Greater
Jakarta Area.
Retail 2.04% 2.58%
2.99% 2.94% 2.94% 2.93% 2.94%
2.92%
Retail Segment
2.06%
❑ Optimizing new segment through BTN Prospera 1.98% 1.98%
(emerging affluent) and BTN Private (high affluent)
❑ Penetrating more on payroll (saving account)
19.5% through ecosystem businesses (healthcare, education,
property related, trade and industrial estate sectors) Cost of FLPP is 0.5%
FLPP (Liquidity Facility) Current Account
18.8% Sourced from Government Annual Budget for
Subsidized Mortgages
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Initiative Strategies : Improving Low-cost Funding and transforming BTN into a
transactional bank (2/2)
Retail Segment Progress
39.8 41.9 43.5 VOA (IDR Tn)
Retail Deposits Composition E-deposito balance 35.0
NOA (Thou)
(IDR Tn) ▪ Retail deposits grew by (IDR Tn)
8.0% yoy 8.0% yoy, dominated 4.6 Unlocking Your Potential
128 Prospera
by retail TD (+20.9% 7.5 8.0
65.9 71.2 yoy). Customers with AUM 6.4 6.9 Relationship Managers
IDR100 - 500 Mio throughout Indonesia
29.5 ▪ BTN has offered e- Mar-24 Apr-24 May-24 Jun-24
24.4 deposito, BTN Prospera z
and Priority to increase
Wealth management offers Mutual
TD balance with
Fund, SBN, Bancassurance from
41.5 41.7 average CoF of 4.8%, 0.1 New BTN Mobile
relatively lower than Defining Your Priority
institutional TD. Performance (AUM)
Aug-23
Nov-23
Mar-24
May-24
Jun-23
Oct-23
Dec-23
Jan-24
Jul-23
Sep-23
Apr-24
Feb-24
Jun 24
Customers with AUM
IDR 48.2 Tn 9.7% yoy
Jun-23 Jun-24
Saving Acc. Retail Deposits >IDR 500 Mio 37.3 thousand customers
Institution Segment Progress*)
Middle Institution balance Middle Institution Strategies
6.7% 6.7% 6.7% keeps growing
6.6% 6.5% 6.5% 46.9 ▪ Middle size portion increased to 24.5% as of Jun-24, or grew by
(IDR Tn) 37.7% ytd to IDR 46.9 Tn.
3.2% 3.2% 3.2% 3.2% 3.2% 3.2% ▪ BTN targets to doubling the portion of middle institution size by
37.5% 42.6
since Jan-24 the end of 2024F.
19.8% 20.0% 20.6% 21.2% 22.2% 24.5% 39.6 ▪ Focusing within the institutional clusters, such as industrial estate,
38.7 educational, healthcare and regional government.
36.5 ▪ ~1,600 potential institutions spread across Indonesia.
80.2% 80.0% 79.4% 78.8% 77.8% 75.5% 34.9
Large Institution Strategies
▪ Focusing on SOEs and Large Funding Institutions (above
Jan-24 Feb-24 Mar-24 Apr-24 Mei-24 Jun-24 IDR 500 Bn), with selective approach on TD rate offering.
% Large Insti. % Medium Insti. CoF Large CoF Medium
▪ Centralized Funding Sales in Greater Jakarta Area.
*) Excluding Sharia 13
Page 14
Resilient Deposits Growth with Manageable Cost of Fund
Customer Deposits (IDR Tn) Cost of Deposits (%Ytd)
6.1 6.1 6.1 6.1
5.3
By Segments Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 yoy
CASA 131.1 156.2 188.0 170.2 189.2 11.2% 4.0
3.5
Current Account 79.2 114.0 143.5 128.7 147.5 14.6% 4.2 4.2 4.2 4.1
3.7
Savings Account 51.9 42.2 44.5 41.5 41.7 0.4% 3.1
2.6
2.1 2.4 2.3 2.3 2.2
Time Deposits 164.9 165.7 161.9 143.0 176.2 23.2% 1.9
1.5
Total 296.0 321.9 349.9 313.3 365.4 16.6%
FY21 FY22 FY23 1Q24 4M24 5M24 6M24
+25bps Rate hike
CASA and Cost of Fund (%)
Cost of Deposits Throughout 2024 (% MtM)
3.1% 2.6% 3.7% 3.6% 4.1%
6.1 6.3 6.3 6.1 6.3 6.0
6.0
TD
46.3% 45.7% CASA 4.1 4.4 4.1 4.3 4.1 4.2
55.7% 51.5% 48.2% 3.9
CoF (ytd)
2.6
2.3 2.3 2.3 2.2 2.1 2.0
48.5% 53.7% 54.3% 51.8%
44.3%
Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 CASA Time Deposits Total Deposits
14
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Initiative Strategies : Enhancing New Revenue Engines with Full Banking Solution
Digital Banking Wealth
Transaction Focus Strategies Management Focus Strategies
Fee based income ▪ Acquiring and boosting digital Fee based income ▪ Establishing Sales Acquisition
(IDR Bn) transaction through Bale by (IDR Bn) Team Unit (Direct Sales Unit) to
156 BTN. 89
100
acquire New To Bank Segment.
135
90
123 15.7% yoy ▪ Separating Digital Banking 80
▪ Increasing retail bonds and
unit into 2 New Business 70
58 16.7% yoy bancassurance through digital
Units (Digital Banking 54
82 offering (BTN Mobile).
60
71 Development & Digital Sales) to 50
33 ▪ Optimizing fee-based through
enhance digital transactions. 40
28 new segment, emerging
▪ Pushing merchant activation
30
affluent with BTN Prospera
with high transactions, in
20
10
(AUM IDR 100-500 Mn) and BTN
national and local coverage. -
Private (AUM IDR >10 Bn).
2021 2022 2023 Jun-23 Jun-24
2021 2022 2023 Jun-23 Jun-24
Recovery Treasury
Income Transaction
Focus Strategies Focus Strategies
Fee based income ▪ Increasing fee-based income Fee based income ▪ Establishing Regional Treasury
1,00 0
(IDR Bn) 882 through asset sales festivals and (IDR Bn) Sales in 3 Regional Office
900
investor gatherings. (Jakarta, West Java and Central
892
▪ Optimizing sales to individual Java).
800
99.2% yoy investors and big buyers (Multi- ▪ Improving and developing
667
700
23.1% yoy
finance companies or treasury features on Foreign
600
371 368 developers). Exchange Order Watch,
500
411
▪ Intensifying collection of early 334 Structured Product, Spot and
400
249
185 Forward.
300
bucket debtors through desk
133
200
100
call activities and field collection
-
activities.
2021 2022 2023 Jun-23 Jun-24 2021 2022 2023 Jun-23 Jun-24
15
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Initiative Strategies : Accelerating New Digital Capabilities by Scaling up Digital
Banking Ecosystems
Scaling up Digital New SEVP Objectives
Banking into 2 New
paign !
Digital Business
Business Units to ❑ To enhance digital business
am Before After transactions and sales functions
enhance digital
C
through partnership with strategic
transactions Digital Banking
Umbrella
partners.
Freedom at your Digital
Product
❑ Digital Banking Product
Development
Fingertips Banking Unit Development focuses on
Digital Banking developing digital products, while
w
Sales Digital Banking Sales focuses on
e
N
sales, marketing and partnerships.
New Unit
Unlock
befree your world
(food & beverage) (entertainment) (healthcare) (digital transaction) (travel)
Free Cash
Cashback Program with Merchant Partners Free Transaction
withdrawal fees
Fees
for foreign currency
Transfer fees with BI Fast
Best Exchange
Electricity bill payment & rate with mark-up
token fees fee of IDR 0,-
Prepaid mobile-phone
fees Free overseas
trip for BTN’s loyal
Electronic money top customer
up fees (GoPay, OVO)
16
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One Stop Fina Journey for the next 2 - 3 Years
l as nding nc • New Concept Loyalty Engine
ti a le Fu ia • Chatbot / Virtual Assistant in superapps
ab • Optimizing user database using AI & Machine
n
g
lS
ai
Learning - personalized program campaign
Di
• Expanding NTB acquisition to Indonesian people
F
olu
st
overseas and foreigners in Indonesia.
BTN
Su
ee
tion
Based Incom
BATARA Next Chapter (End of 2024)
SAHABAT
KELUARGA INDONESIA
Integrating All
BTN Digital Banking Apps into
Leve
SuperPower Apps
e
rag
G
WHAT’S ON?!!
en
e
ig er
D
ita
at
lE
or
cos Current Condition
y stem
BTN digital banking consists
of several applications with
What's Next on BTN each having a different
Digital ? function and purpose
17
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BTN Mobile to boost Low-Cost Funding Growth
3.6x
Total No. of
BTN Mobile users have higher average savings balance
BTN Mobile Users
of IDR 8.4 Mn (vs IDR 2.3 Mn for non-BTN Mobile users). (as of June-24)
PUTRA BATARA Number of Transaction
(Mn Trx) 165% yoy
Transaction Value
(IDR Tn)
± 1.6 Mn
68% yoy
414
386
57.5
174 40.8
144 145 37.3
94 23.6 24.3
13.7
2020 2021 2022 2023 1H23 1H24 2020 2021 2022 2023 1H23 1H24
Avg. # of Transaction (Monthly) Avg. Trx Value (Monthly)
(Mn Trx) (IDR Tn)
64.3 6.8
4.8
34.6 4.1
3.1
24.2 2.0
12.0 14.5 1.1
7.8
2020 2021 2022 2023 1H23 1H24 2020 2021 2022 2023 1H23 1H24
18
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BTN Merchant, EDC and BTN Properti Performances
BTN Merchant Performance EDC Performance BTN Properti Performance
Total Merchant 24.9 Tho Avg. Balance IDR17.4Mn Total EDC 71.2 Tho Avg. Balance IDR 116.5Mn Total Member 628 Tho Total Visitors 39.4 Mn
Number of Trx (Mn times) Number of Trx (Mn times) Online Application (Thousand)
4.1 4.3 4.3 27.8
2.9 18.4 19.1
2.3 13.1
1.7 10.8
0.5 0.7 529.0% 70.8% 46.4%
0.2 0.3
yoy yoy yoy
2021 2022 2023 Jun-23 Jun-24 2021 2022 2023 Jun-23 Jun-24 2021 2022 2023 Jun-23 Jun-24
Trx Value (IDR Bn) Trx Value (IDR Bn) Loan Disbursement (Unit)
355.0 372.0 929
13.9
555 551 10.2 8.7
355 3.7
6.3
64.0 481.3% 108 55.2% 38.9%
11.9 36.2
yoy yoy yoy
2021 2022 2023 Jun-23 Jun-24 2021 2022 2023 Jun-23 Jun-24 2021 2022 2023 Jun-23 Jun-24
Total Merchants (Thou Unit) Total EDC (Thou Unit) Loan Disbursement (IDR Tn)
BTN Merchant was launched in Feb-23
24.3
19.2 71.2 2.2
12.5
15.6 40.3
54.5 50.8 40.3%
0.8
1.5
1.0
1.5
7.9 209.3% 23.8 yoy 51.1%
2.9
yoy yoy
2021 2022 2023 Jun-23 Jun-24
Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 2021 2022 2023 Jun-23 Jun-24
19
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Overview on BBTN
# KARENA HIDUP
GAK CUMA TENTANG HARI INI
Page 21
1H24 Takeaways : Sustained a Steady Progress towards the end of the Year
Resilient Deposit Ample Liquidity
Strong Loan and Manageable Asset
Growth Levels
Financing Growth Quality
▪ Total deposits grew by ▪ Successfully managed the
▪ A 14.4% yoy increase in ▪ The NPL gross uptick to 16.6% yoy as of June 2024, LDR at 96.4% as of June
loans and financing brought 3.1% as of June 2024 (vs reaching IDR 365.4 Tn, 2024, within the
the total loans book to IDR 3.0% in March 2024), due mainly due to a 23.2% yoy comfortable range of 95-
352 Tn (vs IDR 307 Tn in to seasonality. time deposits growth. 97%.
June 2023), primarily driven ▪ The LCR and NSFR levels
▪ Yet, improved from 3.7% in ▪ The CASA ratio was
by a 12.3% yoy growth in remained comfortably
June 2023, with a safe level maintained at 51.8% in
mortgages, also decent above the 100% threshold.
of NPL coverage at 135.7% June 2024.
growth in high-yield
by June 2024. ▪ The LCR was 166% in June
segments and corporate ▪ Improved cost of
loans ▪ Loan at Risk (LAR) recorded deposits on monthly 2024 (vs 192% by June
at 21.2% of total loans as of basis as BTN continues to 2023)
▪ The high-yield segments
June 2024 (vs 23.1% in June push more towards ▪ The NSFR was 117% by June
recorded an impressive
2023), with LAR coverage of middle institution and 2024 (vs 124% June 2023)
24.9% yoy growth.
20.1%. retail deposits
01 02 03 04
21
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Financial Snapshots
Financial Highlight 2021 2022 2023 1H23 1H24 yoy Growth (%)
Asset/ Liabilities
Total Assets (IDR Bn) 371,868 402,148 438,750 400,545 455,601 13.7 yoy
Total Loan & Financing (IDR Bn) 274,835 298,282 333,698 307,669 352,066 14.4 yoy
Total Deposits (IDR Bn) 295,976 321,937 349,933 313,256 365,382 16.6 yoy
Profitability
Net Profit (IDR Bn) 2,376 3,045 3,501 1,474 1,502 1.9 yoy
NIM 4.0% 4.4% 3.8% 3.6% 3.0% (62) bps
CIR 48.2% 46.7% 45.3% 47.8% 58.8% 1,101 bps
ROE (Tier-1) 13.6% 16.4% 13.9% 12.0% 11.1% (88) bps
ROA 0.8% 1.0% 1.1% 0.9% 0.8% (9) bps
Asset Quality
NPL (Gross) 3.7% 3.4% 3.0% 3.7% 3.1% (53) bps
Loan at Risk (LAR) 24.2% 23.2% 21.1% 23.1% 21.2% (196) bps
NPL Coverage 141.8% 155.7% 155.2% 139.1% 135.7% (337) bps
Cost of Credit (CoC) 1.4% 1.4% 1.2% 1.3% 0.6% (72) bps
Liquidity
LDR 92.9% 92.7% 95.4% 98.2% 96.4% (186) bps
CASA 44.3% 48.5% 53.7% 54.3% 51.8% (255) bps
Capital
Equity (IDR Bn) 21,407 25,909 30,479 28,395 31,033 9.3 yoy
CAR (Tier 1) 13.8% 16.1% 17.5% 17.1% 16.6% (54) bps
Total CAR 19.1% 20.2% 20.1% 20.4% 18.6% (187) bps
22
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Balance Sheet
Balance Sheet Summary
Dec-21 Dec-22 Dec-23 Jun-23 Mar-24 Jun-24 QoQ yoy % Assets
(IDR Bn)
Total Earning Assets 331,979 360,379 389,827 367,887 411,096 416,928 1.42% 13.33% 91.5%
Term Deposit with BI 5,550 4,578 12,149 6,968 7,930 5,649 -28.76% -18.93% 1.2%
Total Loan & Financing 274,835 298,282 333,698 307,669 344,244 352,066 2.27% 14.43% 77.3%
Securities 48,313 53,688 41,200 49,271 54,123 51,691 -4.49% 4.91% 11.3%
Other Earning Assets 3,281 3,831 2,780 3,979 4,799 7,523 56.76% 89.04% 1.7%
Provision on Earning Asset (14,440) (15,679) (15,641) (15,657) (15,796) (14,964) -5.27% -4.43% -3.3%
Total Non Earning Assets 54,329 57,449 64,563 48,315 58,719 53,636 -8.66% 11.01% 11.8%
Total Assets 371,868 402,148 438,750 400,545 454,019 455,601 0.35% 13.75% 100.0%
CASA 131,120 156,202 188,007 170,218 178,606 189,217 5.94% 11.16% 41.5%
Current Account 79,199 114,007 143,535 128,677 135,765 147,504 8.65% 14.63% 32.4%
Saving Account 51,922 42,195 44,472 41,541 42,842 41,713 -2.64% 0.41% 9.2%
Time Deposits 164,856 165,736 161,927 143,038 179,134 176,165 -1.66% 23.16% 38.7%
Third Party Deposits 295,976 321,937 349,933 313,256 357,740 365,382 2.14% 16.64% 80.2%
Securities issued 12,372 8,652 6,835 6,638 6,810 5,768 -15.29% -13.10% 1.3%
Deposits from Other Banks 74 179 1,300 1,526 5,358 3,153 -41.15% 106.57% 0.7%
Repurchase Agreements 0 0 0 3,482 1,871 4,550 143.19% 30.66% 1.0%
Borrowings 30,822 33,979 42,875 34,994 42,763 38,769 -9.34% 10.79% 8.5%
Non Interest Bearing Liabilities 11,218 11,491 7,327 12,253 8,909 6,946 -22.04% -43.31% 1.5%
Total Liabilities 350,462 376,239 408,271 372,150 423,451 424,568 0.26% 14.09% 93.2%
Total Equity 21,407 25,909 30,479 28,395 30,568 31,033 1.52% 9.29% 6.8%
Total Liabilites & Equity 371,868 402,148 438,750 400,545 454,019 455,601 0.35% 13.75% 100.0%
23
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Loan Mix
Dec-21 Dec-22 Dec-23 Jun-23 Mar-24 Jun-24
Loan Type (IDR Bn) QoQ yoy
Outs % Outs % Outs % Outs % Outs % Outs %
Housing Loan 244,823 89.1% 261,705 87.7% 284,617 85.3% 269,483 87.6% 292,742 85.0% 299,246 85.0% 2.2% 11.0%
Subsidized Mortgage 130,683 47.6% 145,860 48.9% 161,746 48.5% 152,167 49.5% 166,958 48.5% 171,015 48.6% 2.4% 12.4%
Non-Subsidized Mortgage 83,251 30.3% 87,824 29.4% 96,175 28.8% 90,839 29.5% 98,793 28.7% 101,763 28.9% 3.0% 12.0%
Other Housing Loan 6,976 2.5% 6,970 2.3% 7,871 2.4% 7,255 2.4% 8,040 2.3% 8,188 2.3% 1.8% 12.9%
Construction Loan 23,914 8.7% 21,051 7.1% 18,826 5.6% 19,222 6.2% 18,951 5.5% 18,281 5.2% -3.5% -4.9%
Non-Housing Loan 30,012 10.9% 36,576 12.3% 49,081 14.7% 38,186 12.4% 51,502 15.0% 52,820 15.0% 2.6% 38.3%
Consumer Loan 6,559 2.4% 7,010 2.4% 7,264 2.2% 6,543 2.1% 7,267 2.1% 7,373 2.1% 1.5% 12.7%
Commercial Loan 9,512 3.5% 11,563 3.9% 12,901 3.9% 10,294 3.4% 14,690 4.3% 15,333 4.4% 4.4% 49.0%
Corporate Loan 13,942 5.1% 18,004 6.0% 28,916 8.7% 21,349 6.9% 29,545 8.6% 30,113 8.6% 1.9% 41.1%
Total Loan & Financing 274,835 100.0% 298,282 100.0% 333,698 100.0% 307,669 100.0% 344,244 100.0% 352,066 100.0% 2.3% 14.4%
Mortgage 213,934 77.8% 233,684 78.3% 257,921 77.3% 243,006 79.0% 265,751 77.2% 272,777 77.5% 2.64% 12.3%
Gross Loan (IDR Tn) +14.4% yoy Composition by Business Segment Housing Loan
352.0 Non Housing Loan
333.7
298.3 308.0
274.8 10.9% 12.3% 14.7% 12.4% 15.0%
89.1%
87.7%
87.6%
85.3%
85.0%
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 Dec-21 Dec-22 Dec-23 1H23 1H24
24
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Loan Composition
Building a strong portfolio of loans, rebalancing the housing dan non-housing related businesses towards 80:20
Loan Mix by Segment (IDR Bn) Loan Growth Strategy
352,066 % yoy Main contributors for growth
307,669
30,113 Total Loan
14.4% Focusing on housing-related higher yield whilst
excelling in mortgages
15,333
7,373 Corporate Loan Continuing to build up corporate segment with key focus
21,349 8,188 41.1%
on the housing-related sectors
10,294
6,543
7,255
Commercial Loan Targeting high-growth SME sectors (KUR) within the
49.0% housing ecosystem
Consumer Loan 12.7% Tapping captive mortgage market with extensive soft
loan (KRING) offers also optimizing Payroll-based loans
15.7% with several new institutions
272,777
243,006 Other Housing 12.9% Optimizing home equity loans (KAR) from existing
Loan performing mortgage customers through tele sales,
upselling and cross selling for existing customers
Pursuing a sustainable growth in housing loans with
Mortgage 12.3% subsidized mortgages as the main driver
Reprofiling Construction Loan Portfolio
Construction Loan (4.9%) Focus on landed house and selected TOD high-rise
19,222 18,281 housing projects
Jun-23 Jun-24
2
25
5
Page 26
Loan Disbursement
Loan by Segment (IDR Bn) 12M21 12M22 12M23 2Q23 1Q24 2Q24 QoQ yoy 6M23 6M24 yoy
Housing Loan 35,399 47,559 56,893 13,324 16,439 15,674 -4.7% 17.6% 24,925 32,113 28.8%
Subsidized Mortgage 18,409 24,332 25,632 5,840 8,135 7,301 -10.3% 25.0% 11,184 15,436 38.0%
Non-Subsidized Mortgage 10,969 14,363 19,073 4,247 5,054 5,445 7.7% 28.2% 8,036 10,499 30.7%
Other Housing Loan 1,069 1,349 2,378 544 555 501 -9.7% -7.9% 1,000 1,057 5.6%
Construction Loan 4,952 7,516 9,810 2,692 2,695 2,427 -9.9% -9.9% 4,705 5,122 8.9%
Non-Housing Loan 24,206 40,036 36,794 8,119 11,453 4,674 -59.2% -42.4% 15,244 16,128 5.8%
Consumer Loan 7,182 8,530 3,853 815 739 700 -5.2% -14.1% 1,478 1,439 -2.6%
Commercial Loan 9,036 20,807 14,573 2,821 5,780 2,289 -60.4% -18.9% 6,654 8,068 21.3%
Corporate Loan 7,988 10,698 18,368 4,483 4,934 1,686 -65.8% -62.4% 7,111 6,620 -6.9%
Total Loan & Financing 59,605 87,595 93,687 21,442 27,892 20,348 -27.0% -5.1% 40,169 48,241 20.1%
Mortgage 29,378 38,695 44,705 10,087 13,189 12,746 -3.4% 26.4% 19,220 25,934 34.9%
26
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Capital
Capital December June
Growth
(IDR Bn) 2021 2022 2023 2023 2024
Tier – 1 Capital 18,532 22,533 27,154 25,189 27,525 9.3% yoy
Tier – 2 Capital 7,175 5,635 4,076 4,812 3,267 -32.1% yoy
Total Capital 25,707 28,168 31,230 28,395 30,791 8.4% yoy
Total RWA 134,341 139,631 155,590 146,948 165,761 12.8% yoy
RWA – Credit Risk 110,020 114,318 136,692 125,720 140,689 11.9% yoy
RWA – Market Risk 2,407 1,373 942 3,338 6,016 80.2% yoy
RWA – Operational Risk 21,914 23,939 17,956 17,889 19,056 6.5% yoy
CAR Tier 1 (Tier 1/Total RWA) 13.8% 16.2% 17.5% 17.1% 16.6% (54) bps
CAR Tier 2 5.3% 4.0% 2.6% 3.3% 2.0% (130) bps
CAR BI ((Tier 1+2)/Total RWA) 19.1% 20.2% 20.1% 20.4% 18.6% (184) bps
Capital Conservation Buffer 0.0% 2.5% 2.5% 2.50% 2.50% - bps
Countercyclical Buffer 0.0% 0.0% 0.0% 0.00% 0.00% - bps
Capital Surcharge (D-SIB) 1.0% 1.0% 1.0% 1.0% 1.0% - bps
27
Page 28
Profit and Loss
PL Summary (IDR Bn) 2Q23 1Q24 2Q24 QoQ yoy 6M23 6M24 yoy
Interest Income 6,846 7,672 7,303 -4.8% 6.7% 13,522 14,975 10.7%
Interest Expense (3,489) (4,445) (4,505) 1.3% 29.1% (7,044) (8,949) 27.0%
Net Interest Income 3,357 3,227 2,798 -13.3% -16.7% 6,478 6,025 -7.0%
Other Operating Income 840 1,005 1,004 -0.1% 19.1% 1,718 2,009 16.9%
Other Operating Expense (Exclude Provision) (2,130) (2,421) (2,710) 11.9% 27.3% (4,357) (5,131) 17.8%
Pre-Provision Operating Profit (PPOP) 2,070 1,811 1,092 -39.7% -47.3% 3,839 2,903 -24.4%
Provision (1,197) (657) (319) -51.4% -73.4% (1,948) (976) -49.9%
Profit From Operations 873 1,155 773 -33.1% -11.5% 1,891 1,927 1.9%
Non-Operating Income (Expense) (21) (24) (27) 13.3% 28.5% (25) (50) 101.1%
Profit Before Tax 852 1,131 746 -34.0% -12.4% 1,866 1,877 0.6%
Net Profit 673 860 642 -25.4% -4.7% 1,474 1,502 1.9%
28
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Profit and Loss Composition (1/3)
Interest Income
%
Interest Income (IDR Bn) 2Q23 1Q24 2Q24 QoQ yoy 6M23 6M24 yoy portion
of 6M24
Placement with Bank Indonesia 103 174 153 -12.2% 48.1% 221 327 47.9% 2.2%
Placement with other bank 4 13 6 -55.1% 58.2% 10 19 100.2% 0.1%
Securities 536 710 592 -16.6% 10.4% 1,107 1,302 17.7% 8.7%
Loan 5,456 5,975 5,721 -4.3% 4.9% 10,718 11,696 9.1% 78.1%
Others 22 22 25 15.3% 12.6% 45 46 2.5% 0.3%
Income from Syariah 725 778 806 3.6% 11.2% 1,422 1,585 11.4% 10.6%
Total 6,846 7,672 7,303 -4.8% 6.7% 13,522 14,975 10.7% 100.0%
Interest Expense
%
Interest Expense (IDR Bn) 2Q23 1Q24 2Q24 QoQ yoy 6M23 6M24 yoy portion
of 6M24
Deposits from Other Banks 45 43 76 76.3% 69.4% 89 120 34.5% 1.7%
Deposits from Non Banks 2,811 3,686 3,683 -0.1% 31.0% 5,688 7,369 29.5% 81.8%
Securities Issued 132 120 120 -0.6% -9.6% 302 240 -20.6% 2.7%
Fund Borrowings 482 581 594 2.3% 23.3% 946 1,175 24.1% 13.2%
Others 19 15 32 118.9% 72.9% 19 47 150.8% 0.7%
Total 3,489 4,445 4,505 1.3% 29.1% 7,044 8,949 27.0% 100.0%
29
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Profit and Loss Composition (2/3)
Other Operating Income
Other Operating Income (IDR Bn) 2Q23 1Q24 2Q24 QoQ yoy 6M23 6M24 yoy
Non-Recurring Income 495 654 636 -2.7% 28.5% 1,026 1,290 25.9%
Gain from Treasury Transaction 333 314 283 -10.0% -15.1% 539 597 11.2%
Recovery 93 98 270 175.2% 190.0% 185 368 99.2%
Others 69 241 83 -65.5% 21.3% 302 325 7.4%
Recurring Income 345 351 368 4.7% 6.5% 692 719 4.0%
Loan Related Transaction 107 105 109 3.7% 1.8% 203 214 5.0%
Deposits & Banking Service Related 217 223 233 4.6% 7.2% 449 456 1.7%
Sharia Related Transaction 21 24 26 9.7% 23.1% 40 50 24.7%
Total 840 1,005 1,004 -0.1% 19.4% 1,718 2,009 16.9%
(IDR Bn) 2,488 2,233 3,922 1,718 2,009 Others
16.2%
Recovery
Non 18.3%
Recurring 38.4%
Treasury
50.7%
Income 61.7% 59.7% 64.2%
29.7%
Sharia Related
Recurring 2.5%
Income 61.6% Deposits &
49.3%
40.3%
22.7% Banking Service
38.3% 35.8%
10.6% Loan Related
2021 2022 2023 6M23 6M24 1H24
30
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Profit and Loss Composition (3/3)
Other Operating Expense (exclude Provisions)
Other Operating Expense (IDR Bn) % portion
2Q23 1Q24 2Q24 QoQ yoy 6M23 6M24 yoy
Excluding Provision of 6M24
Salaries & Employee Benefit 966 995 1,306 31.2% 35.2% 1,797 2,301 28.1% 44.8%
General Administration 274 313 341 8.9% 24.4% 542 653 20.6% 12.7%
Others (50) 71 18 -74.3% 63.2% 95 90 -5.8% 1.7%
Rent, Service & Maintenance 173 189 212 12.0% 22.4% 350 401 14.6% 7.8%
Depreciation 172 169 184 9.1% 7.3% 333 353 5.9% 6.9%
Promotion 126 143 145 1.5% 15.3% 230 288 25.1% 5.6%
Collector Fees & Consultant 279 325 288 -11.2% 3.4% 513 613 19.5% 11.9%
Insurance Premium 178 186 170 -8.6% -4.4% 349 357 2.3% 7.0%
Training 12 25 39 56.9% 212.7% 31 63 105.3% 1.2%
Research & Development 3 0 1 295.4% -68.7% 4 1 -67.8% 0.0%
Other Taxes 2 2 1 -35.1% -34.2% 4 3 -14.5% 0.1%
Loss (transaction spot, derivative, and forex) (5) 1 1 64.9% 84.2% 109 1 -98.8% 0.0%
Marked to Market (0) 3 4 40.1% (0) 6 0.1%
Total 2,130 2,421 2,710 11.9% 27.3% 4,357 5,131 17.8% 100.0%
31
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Key Financial Ratios
ROA1 – Before Tax ROA2 – After Tax
1.1%
1.0% 0.9%
0.9% 0.8%
0.8% 0.8% 0.7%
0.6% 0.7%
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
1Calculated based on income before income tax (include tax benefit and extraordinary item)/ 2Calculated based on net profit/average total asset
average total asset based on Bank Indonesia regulation
ROE3 – Tier 1 Capital ROE4 – Balance Sheet
11.8% 11.5%
16.4% 11.1%
10.4%
9.7%
13.6% 13.9%
12.0% 11.1%
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
3Calculated based on net profit/average Tier 1 Capital based on Bank Indonesia regulation 4Calculated based on net profit/total stakeholder’s equity
32
Page 33
Asset Quality
# KARENA HIDUP
GAK CUMA TENTANG HARI INI
Page 34
Loan Quality
Dec-21 Dec-22 Dec-23 Jun-23 Mar-24 Jun-24
Collectibility
IDR Bn % IDR Bn % IDR Bn % IDR Bn % IDR Bn % IDR Bn %
Current 252,244 91.8% 268,077 89.9% 298,132 89.3% 267,083 86.8% 302,546 87.9% 307,905 87.5%
Special Mention 12,412 4.5% 20,134 6.8% 25,518 7.7% 29,334 9.5% 31,367 9.1% 33,139 9.4%
Performing Loan (PL) 264,656 96.3% 288,211 96.6% 323,649 97.0% 296,417 96.3% 333,913 97.0% 341,044 96.9%
Substandard 222 0.1% 580 0.2% 571 0.2% 939 0.3% 758 0.2% 960 0.3%
Doubtful 484 0.2% 888 0.3% 678 0.2% 1,486 0.5% 994 0.3% 1,733 0.5%
Loss 9,473 3.4% 8,602 2.9% 8,800 2.6% 8,827 2.9% 8,578 2.5% 8,329 2.4%
Non Performing Loan (NPL) 10,185 3.7% 10,070 3.4% 10,049 3.0% 11,252 3.7% 10,331 3.0% 11,022 3.1%
Total Loan & Financing 274,841 100.0% 298,282 100.00% 333,698 100.0% 307,669 100.0% 344,244 100.0% 352,066 100.0%
NPL Gross 3.7% 3.4% 3.0% 3.7% 3.0% 3.1%
NPL Nett 1.2% 1.3% 1.3% 1.7% 1.4% 1.5%
NPL Breakdown by Segment SML Breakdown by Segment
2020 2021 2022 2023 2024 Avg. 3 years SML
By Segment (%) Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
13.7%
Housing Loan 3.5% 3.4% 3.2% 3.7% 3.3%
12.9%
Subsidized Mortgage 0.8% 0.9% 1.5% 1.6% 1.5%
Non-Subsidized Mortgage 2.6% 1.9% 2.0% 2.5% 2.3% 8.6%
9.3%
Other Housing Loan 3.4% 2.9% 3.7% 3.3% 5.1% 7.6% 7.8%
8.8%
8.6%
9.5%
7.9%
Construction Loan 21.3% 26.2% 23.8% 26.3% 24.4%
7.0%
6.4%
9.1%
8.8%
8.2%
6.6%
6.1%
9.4%
Non-Housing Loan 5.2% 3.4% 1.9% 3.2% 2.3%
7.1%
6.8%
6.0%
Consumer Loan 1.2% 1.1% 1.6% 1.5% 1.5%
4.5%
Commercial Loan 15.3% 9.4% 6.2% 9.7% 7.1%
Corporate Loan 0.2% 0.6% 0.1% 0.6% 0.1%
Total Loan & Financing 3.7% 3.4% 3.0% 3.7% 3.1% 1Q 2Q 3Q 4Q
Mortgage 1.5% 1.3% 1.7% 1.9% 1.8% Note: Figures on graph and table include Sharia Financing
34
Page 35
Loan Quality ,Coverage and Cost of Credit
NPL & NPL Coverage LAR & LAR Coverage
141.8% 155.7% 155.2% 139.1% 135.7%
21.7% 22.6% 22.1% 22.0% 20.1%
3.7% 3.4% 3.0% 3.7% 3.1% 24.2% 23.2% 21.1% 23.1% 21.2%
IDR (Bn)
71,183 74,205
15.7 15.6 15.7 66,540 69,315 70,406
14.4 15.0 5,570
294 3,642 4,992 5,075 3,417
10.2 10.1 10.0 11.3 11.0 3,629 3,581 305
3,495 3,751
236 259 298 293 9,066
14,472 13,384 9,930 11,421 1,988
1,937 2,073
2,789 2,194
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 24,409
22,412 22,226
Provision Amount (IDR Tn) NPL Amount (IDR Tn) 22,011
23,576
NPL Coverage (%) NPL (%)
Cost of Credit Annualized Provision Cost of Credit (%)
Charge (IDR Tn) 29,795
24,328 27,086 26,514
21,544
1.3% 1.4% 1.3%
1.2%
4.0 0.6%
3.7 3.9 Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
3.6
Subsidized Mortgages Non-Subsidized Mortgages Other Housing
2.0 Construction Loan Consumer Loan Commercial Loan
Corporate Loan Total Loan
% LAR % LAR Coverage
FY21 FY22 FY23 6M23 6M24
35
Page 36
Restructured Loans Breakdown by Segment
Covid-19 Restructured Loan by Segment Total Restructured Loan by Segment
23.5%
14.5% 19.4% 16.8% 17.7% 16.5%
11.4%
8.5% 9.6%
7.5%
64,463 (IDR Bn)
39,766
294
179 (IDR Bn)
1,800 3,094
78 104 57,829 58,031
56,194
34,060 54,311
3,642 5,570
6,483 14,334 4,829
3,527 91 2,990 4,825 3,024
29,513 3,276 75
1,487 1,173 28,243 85
84
2,761
71 2,537
26,339 12,255 8,159
4,208 4,710 8,795
4,579 9,492
1,613
1,148 261 58 897 4,553 1,957 1,666
45
1,422 2,102 1,773
15,013 26 838 85
641 947 23,167
470
19,760
11,964 19,084 18,976
18,229
10,894 10,462 10,456
14,726 20,932 18,568 19,830
11,969 17,808 17,147
10,401 10,335 9,911
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
Subsidized Mortgages Non-Subsidized Mortgages Other Housing
Subsidized Mortgages Non-Subsidized Mortgages Other Housing
Construction Loan Consumer Loan Commercial Loan
Construction Loan Consumer Loan Commercial Loan
Corporate Loan Total Loan % total restru to total Loan
Corporate Loan Total Loan % Covid restru to total Loan
Page 37
Restructured Loans Breakdown by Collectability
Covid-19 Restructured Loan by Collectability (%) Total Restructured Loan by Collectability (%)
2.1% 9.7% 12.1% 11.6% 14.50% 12.6%
3.8% 7.1% 8.86% 8.0%
8.7% 11.3%
15.8% 15.4% 20.3%
26.06% 23.6% 27.9% 29.17% 35.0%
89.2% 79.0%
80.4% 77.5% 67.6%
65.08% 68.5% 60.4% 56.34% 52.4%
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
Covid-19 Restructured Loan by Collectability (IDR Bn) Total Restructured Loan by Collectability (IDR Bn)
64,463
57,829 56,194 58,031
6,266 54,311
7,268 7,002 6,546 7,312
7,873
39,766 11,717
835 34,060 15,689 20,330
3,452 15,841
1,300 28,243 29,513
26,339
5,377 2,007 2,615
2,094 50,928
4,336 7,692 6,216 39,110
35,479 33,959 30,598 30,389
27,384
21,899 19,207 18,029
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
Coll 1 Coll 2 NPL 37
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Business Process Improvement is proven successful as SML and NPL from recent
disbursements are almost 0%
(as of Jun-24)
Old Booking Transition New Booking after transformation and BPI
Consumer Loan
11.2% 10.4%
Vintage Consumer 8.0% 7.6% 7.5%
▪ SML from 2023 & 2024 booking
3.3%
recorded at 1.6% and 0.0%. 2.7% 2.2% 1.6% 1.7% 1.3% 0.3% 0.1% 0.0%
▪ NPL from 2023 & 2024 booking was
0.1% and 0.0%.
2018 2019 2020 2021 2022 2023 2024
Commercial Loan
47.4%
Vintage Commercial 33.4%
31.0%
▪ SML from 2023 & 2024 booking 24.0%
recorded at 0.3% and 0.0%. 9.2% 6.0% 3.0% 6.7%
0.7% 1.8% 0.6% 0.3% 0.0% 0.0%
▪ NPL from 2023 & 2024 booking was
0.0%. 2018 2019 2020 2021 2022 2023 2024 SML
SME NPL
38.1%
Vintage SME 33.4% 30.6%
▪ SML from 2023 & 2024 booking 15.8% 14.8%
recorded at 0.7% and 0.0%. 5.6% 5.5%
1.7% 2.9% 3.3% 0.7% 0.7% 0.0% 0.0%
▪ NPL from 2023 & 2024 booking was
0.0% and 0.0%.
2018 2019 2020 2021 2022 2023 2024
Corporate Loan
15.7%
Vintage Corporate 12.0%
▪ SML from 2023 & 2024 booking 7.3%
recorded at 0.0%. 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
▪ NPL from 2023 & 2024 booking was
0.0%. 2018 2019 2020 2021 2022 2023 2024
38
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Sharia Business
# KARENA HIDUP
GAK CUMA TENTANG HARI INI
Page 40
Performance Highlight Sharia Unit as of First Half of 2024
Total Assets continue to grow, with Sustainable Growth of Financing to Resilient Total Deposits, to
total outstanding of IDR 56 Tn IDR 41 Tn IDR 46 Tn
(IDR Tn) 20.0% YoY (IDR Tn) 32.0% YoY
22.2% YoY (IDR Tn)
56 46
54 41 42
37
45 46 34 35 35
38 32
28 29
2021 2022 2023 1H23 1H24 2021 2022 2023 1H23 1H24 2021 2022 2023 1H23 1H24
Net Profit reached IDR 370 Bn NPF declined to 2.8% as of Jun 2024 CASA Ratio of 53.5%
(IDR Bn) (%) (%)
-43 bps 636 bps
31.7% YoY 4.3
702
3.3 3.3 53.5
2.8 50.0
2.4 47.1
334 370 43.6
281
185
37.4
2021 2022 2023 1H23 1H24 2021 2022 2023 1H23 1H24 2021 2022 2023 1H23 1H24
40
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Financial Snapshots UUS
Financial Highlight 2021 2022 2023 1H23 1H24 Growth (%)
Asset/ Liabilities
Total Assets (IDR Bn) 38,363 45,336 54,289 46,272 55,549 20.0% yoy
Total Financings (IDR Bn) 27,550 31,624 37,114 33,901 41,412 22.2% yoy
Total Deposits (IDR Bn) 29,263 34,641 41,803 34,933 46,097 32.0% yoy
Profitability
Net Profit (IDR Bn) 185 334 702 281 370 31.7% yoy
N I M equivalent 4.7% 5.0% 5.0% 5.0% 4.2% (76) bps
ROA 0.5% 0.7% 1.3% 1.2% 1.3% 12 bps
Asset Quality
NPF (Gross) 4.3% 3.3% 2.4% 3.3% 2.8% (43) bps
Financing at Risk (FAR) 25.3% 17.1% 14.4% 16.6% 14.0% (264) bps
NPF Coverage 106.7% 150.1% 158.1% 157.6% 124.5% (3,308) bps
Liquidity
FDR 94.1% 91.3% 88.8% 97.0% 89.8% (721) bps
CASA 37.4% 43.6% 50.0% 47.1% 53.5% 636 bps
41
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Sharia Business : Financing & Deposits Composition
Financing Business Composition
Dec-21 Dec-22 Dec-23 Jun-23 Mar-24 Jun-24
Financings Type (IDR Bn) QoQ YoY
Outs % Outs % Outs % Outs % Outs % Outs %
Housing Financing 26,486 96.1% 30,812 97.4% 36,587 98.6% 33,210 98.0% 38,646 98.7% 40,724 98.3% 5.4% 22.6%
Subsidized Mortgage 15,829 57.5% 19,039 60.2% 22,966 61.9% 20,652 60.9% 24,524 62.7% 25,966 62.7% 5.9% 25.7%
Non-Subsidized Mortgage 8,807 32.0% 9,948 31.5% 11,604 31.3% 10,575 31.2% 12,070 30.8% 12,656 30.6% 4.9% 19.7%
Other Housing Financing 59 0.2% 48 0.2% 33 0.1% 40 0.12% 40 0.1% 39 0.1% -1.5% -3.1%
Construction Financing 1,791 6.5% 1,776 5.6% 1,982 5.3% 1,943 5.7% 2,012 5.1% 2,064 5.0% 2.5% 6.2%
Non-Housing Financing 1,064 3.9% 812 2.6% 528 1.4% 691 2.0% 491 1.3% 688 1.7% 40.2% -0.5%
Consumer Financing 118 0.4% 145 0.5% 169 0.5% 147 0.4% 176 0.4% 224 0.5% 27.7% 52.3%
Commercial Financing 946 3.4% 667 2.1% 359 1.0% 544 1.6% 315 0.8% 463 1.1% 47.1% -14.8%
Total Financing 27,550 100.0% 31,624 100.0% 37,114 100.0% 33,901 100.0% 39,137 100.0% 41,412 100.0% 5.8% 22.2%
Mortgage Financing 24,636 89.4% 28,988 91.7% 34,571 93.2% 31,227 92.1% 36,594 93.5% 38,622 93.3% 5.5% 23.7%
Deposits Composition CASA Ratio (%)
3.4% 3.7% 3.8% 3.9%
Deposits (IDR Bn) Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 YoY 2.7%
CASA 10,952 15,117 20,915 16,461 24,652 49.8%
TD
Current Account 5,830 9,104 14,166 10,343 17,354 67.8% 50.0% 52.9% 46.5% CASA
62.6% 56.4%
Savings Account 5,122 6,013 6,750 6,117 7,297 19.3% CoF
Time Deposits 18,311 19,524 20,888 18,472 21,445 16.1% 43.6% 50.0% 47.1% 53.5%
37.4%
Total 29,263 34,641 41,803 34,933 46,097 32.0%
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
42
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Sharia Business : Asset Quality
Sharia NPF & NPF Coverage Sharia Financing at Risk
NPF NPF Coverage
FAR Consumer FAR Commercial Total FAR
150.1% 158.1% 157.6% 25.3%
106.7% 124.5%
5.7%
17.1% 16.6%
14.4% 14.0%
3.5% 2.7%
1.6% 1.2%
4.3% 19.6%
3.3% 3.3% 2.8% 13.6% 12.8% 13.9% 12.8%
2.4%
Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
Sharia Special Mentioned Financing (SMF) Sharia Non-Performing Financing (NPF)
Financings Type Dec-21 Dec-22 Dec-23 Jun-23 Jun-24 Financings Type Dec-21 Dec-22 Dec-23 Jun-23 Jun-24
Housing Financing 6.3% 6.7% 7.1% 8.9% 8.0% Housing Financing 3.9% 3.2% 2.3% 3.2% 2.8%
Subsidized Mortgage 6.4% 7.1% 7.1% 9.7% 8.4% Subsidized Mortgage 0.5% 0.9% 1.1% 1.2% 1.5%
Non-Subsidized Mortgage 6.3% 7.0% 7.3% 8.7% 8.2% Non-Subsidized Mortgage 1.4% 1.3% 2.0% 1.9% 2.8%
Other Housing Financing 9.8% 8.9% 11.0% 13.0% 9.7% Other Housing Financing 2.1% 5.5% 1.8% 0.7% 1.3%
Construction Financing 5.6% 1.6% 5.7% 1.2% 1.3% Construction Financing 45.1% 38.0% 18.1% 31.0% 19.0%
Non-Housing Financing 2.1% 0.0% 1.6% 1.0% 0.8% Non-Housing Financing 14.8% 9.0% 10.0% 8.7% 7.3%
Consumer Financing 6.1% 3.8% 3.8% 4.3% 2.6% Consumer Financing 3.1% 4.7% 3.6% 3.8% 2.8%
Commercial Financing 1.1% 0.0% 0.5% 0.1% 0.0% Commercial Financing 17.8% 9.9% 13.0% 10.0% 9.5%
Total Financing 6.2% 6.6% 7.0% 8.7% 7.8% Total Financing 4.3% 3.3% 2.4% 3.3% 2.8%
Mortgage Financing 6.4% 7.0% 7.1% 9.3% 8.3% Mortgage Financing 0.8% 1.0% 1.4% 1.4% 1.9%
43
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Guidance
# KARENA HIDUP
GAK CUMA TENTANG HARI INI
Page 45
2024 BTN Guidance
1H24 Actual 2024 Guidance New Guidance
Loan Growth 14.4% 10 – 11% 10 – 11%
Deposits Growth 16.6% 8 – 9% 8 – 9%
Net Profit Growth 1.9% 10 - 11% ~1%
Cost of Credit 0.6% 1.1-1.2% Up to 1.1%
NPL Gross 3.1% <3% <3%
45
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Sustainable Finance
# KARENA HIDUP
GAK CUMA TENTANG HARI INI
Page 47
Bank BTN ESG Framework : The Future of Finance
BTN aims to establish a sustainable business processes that is in line with BTN business strategies by integrating environmental, good governance, and
social values in a comprehensive ESG framework.
Six Components of BTN’s Framework
The Future of Finance Managing products and services that
Sustainable support the transition to a low-carbon
ESG in Value Chain Finance economy and maintain social balance
by providing equal access to capital.
Climate Change & Ecosystem
Climate Change Managing climate change risks and
& Ecosystems the impact on ecosystem capacity.
People & Managing impacts on people,
Community communities and society at large.
Establishing the sustainable business
ESG in the
Sustainable Finance People & Community with the concept of ESG along the
Value Chain
business value chain
Stakeholder Inclusiveness
Integrated GRC
Stakeholder Communicating the sustainable
Inclusiveness business plans with all stakeholders
Governance Risk Compliance
Integrated Managing integrated manner to
GRC achieve goals with GRC.
Integrated GRC
47
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ESG Aspect is Embedded in our Business
ESG is embedded component in each banking business with reduction in financed emission and clean banking operation
ESG Key Takeaways Our ESG’s Long Term Goals by 2028, with 10 Priorities
10%
To issue green
20%
Pioneer in Green
Encourage our Standardize the Green Mortgage Carbon /sustainable
housing developers to Mortgage’s criteria to Trading Seller bonds
using minimum reduce emissions
from Eco-Friendly
materials Loan portfolio
5
in sustainable To launch
Maintain60% of total sectors green
15 Priority sectors, (No Coal and No CPO) e.g: asset in low-income loan products in
(Subsidized mortgage & SME) loans and
Property Financial Health Transportation Green Products savings
Residential Institution Services & Logistic
Clean Banking
And Other Operation by reducing 30% Be resilient by becoming
Infrastructure Education
& Utilities Services Sectors… emissions with 100% a member in international ESG
paperless and 30% less community
electric power consumption
All internal policies embedded with ESG
ESG Screening in loan analysis
Green Business Process
Increasing up to 30%
Increasing utilization & optimizing BTN digital ESG University to
women
apps to reduce emission scope 1, scope 2, and expanding
in managerial level
scope 3 employee
and 2%
capacities and
Becoming ESG Champion capabilities
employee with
disabilities
Green Management
Road to AA ESG Rating
48
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Environmental Sustainability
BTN is committed to preserve and protect environment to support net-zero emission.
Less Carbon Footprint through Digital Application Waste Management Green Transportation Green Premises
29 3
Implement Digital Banking to reduce ▪ Providing Temporary Shelters
3
paper usage : (TPS) with capacity of 5m
▪ Internal letter distribution ▪ Implementing the use of four
through digital apps infiltration wells with capacity
▪ Mortgage applications through of 48m 3 each.
BTN Properti ▪ Conducting a plastic waste- Installed Solar panels
free campaign. Electric Vehicles (EV)
▪ Management fees, parking fees, and targeting 50 units by 2028
and targeting minimum 15% of
and other housing maintenance ▪ Implementing 20 bio pore Branch Offices by 2026 and 30% by
through BTN Smart Residence infiltration holes at Menara 2028.
BTN.
Low Carbon Emission Housing Loans
22 million transactions through BTN Mobile and
BTN Properti in 2023, reducing 78 million paper One of BTN’s main initiatives in Environment Sustainability
used, equals to 4.714 ton CO2 emission.
Starting 2024, BTN encourages developers to use
minimum 10% eco-friendly material to lower carbon
Climate Risk Stress Test emission in housing sector
The impact of Climate Risk Stress Test already
calculated on 91% of total loan portfolio
100% Loan
Corporate
Calculated
Finance Floor Decking Brick Paving Block
60% Commercial
Loan Emission
Environmental Sustainability 49
Page 50
Pioneer in Low Carbon Emission Housing
BTN has been incorporating ESG materials within the housing sector
BTN uses the parameter from Ministry of
Public Works (PUPR) to build Green Houses
Carbon emitters from household buildings
in terms of location, housing unit, and the
construction process
Energy Usage : 82%
Construction & Material Usage : 11%
5 developers collaborates with
BTN to build eco-friendly
Care & Maintenance : 6% materials houses
Others : 1%
Benefit & Purpose
BTN has encouraged developers to
use at least 10% eco-friendly to build
Reducing carbon emission by 20% subsidized and non-subsidize houses
Enhancing the quality of life
Building a sustainable reputation to developers
500
Opportunity to strengthen the
government support to finance low
Loan Disbursement of
houses carbon emission houses
Low Carbon Emission
Houses
(1H24 = 14 houses)
Low carbon emission disb.
as of FY24F
Environmental Sustainability 50
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Low Carbon Emission Housing Project
BTN plans to increase the use of eco-materials of minimum 60,000 houses in 2029.
Action Phase Advance Phase Accelerate Phase
• 20% use of eco-materials in • 30% use of eco-materials in
15% use of eco-materials in construction construction
construction and build • Disbursement of Green Mortgage • Disbursement of Green
awareness of developers to for subsidized and non-subsidized Mortgage for subsidized and
establish standardized green housing should be 10% of total non-subsidized housing should
mortgage with pilot project loan disb. be 30% of total loan disb.
targeting of 5,000-10,000 • Minimum 20,000 housing units • Minimum 60,000 housing units
houses disb. disb.
2024 2025 2026 2027 2028 2029
Accelerate Phase
Action Phase Advance Phase • 20% use of eco-materials in
construction
10% use of eco materials in • 20% use of eco-materials in construction • Disbursement of Green Mortgage for
construction and building • Disbursement of Green Mortgage for subsidized and non-subsidized
awareness of developers to form a subsidized and non-subsidized housing housing should be 15% of total loan
standardized green mortgage with should be 5% of total loan disb. disb.
a pilot project targeting of 500 • Minimum 10,000 housing units disb. • Minimum 25,000 housing units disb.
houses
Environmental Sustainability
Page 52
Circular Economic Impact of Project Low Carbon Housing
According to the ESG Roadmap, BTN is expected to disburse a minimum target of 120 thousand houses by 2029.
Low quality
plastic waste
Families
Impact !
▪ Plastic waste reduction of
~1.7 million Kg or
equivalent to ~1.02 billion
To build 120
More than 1.7
thousand houses packs of instant noodle
million kg of low-
quality plastic waste with eco friendly wrappers
materials and low
will be processed
carbon concepts ▪ Carbon Reduction of
BTN as Enabler in ~2,425 ton CO2
Impact Financing ▪ Equivalent to 110
thousand of large trees
▪ Equivalent to 323 hectares
Eco Friendly Housing
Developers
of carbon absorption
Materials
Minimum production of
380,000 sqr meters of
paving blocks.
Environmental Sustainability
Page 53
The Low Emission House Project in Line with Triple bottom Lines
People Planet Profit
• Solving low-grade plastic waste problem • Providing favorable solutions for :
• Providing affordable houses for low-
and middle-income families • Home buyers (Subsidized
• Creating demand for eco-friendly
Mortgage customers),
• Reducing housing backlog issue, with building materials
more than 9.9 million families • Startups/SME entrepreneurs of
• Building a low carbon emission eco-friendly materials
• Supporting a new economic in the residential area from eco-friendly
plastic waste processing sector (new materials, waste management and energy • Housing developers –through
startups in recycled plastic) cost efficiency with equal quality
• Reducing carbon emissions by ~2,425
tons of CO2, equals to emissions • Banks - develop sustainable
• Creating new jobs in the construction
absorption of ~110 thousand large business with all stakeholders
and plastic waste processing sectors
trees/year or equals to 323 hectares of within the value chain
(est. 500-600 thousand workers)
forest
• 90% of materials are domestically
produced
• Increasing tax revenues for the
government
Environmental Sustainability
Page 54
ESG-based Financing and Investment Products
As a bank with core business in the housing sector, BTN has strategically integrated ESG considerations into investment decisions and
transactions.
Sustainable Wholesale Funding and Lending
ESG-Based Investment Products
❑ BTN as a mutual fund agency and partnering with
Bank BTN and the Japan
International Cooperation
Bank BTN as lead arranger in the several Investment Manager with ESG Theme.
Sustainable Syndicated Term Loan
Agency (JICA) signed a
Facility.
7 Billion yen loan agreement.
❑ Points exchange
with tree planting through BTN Mobile
Bank BTN disbursed circa IDR 1.16 Tn in ESG-based corporate
loans throughout 2024
Loan Financing to to
support clean water
supply Electric Vehicle (EV) Financings
Loan Financing to
support renewables energy ❑ Throughout 2024, BTN has loan facility to 9 unit
EV with total disbursement of IDR 125 million
and loan to exchange LPG gas to natural gas
Transit Oriented Development (TOD)
Financings Loan Financing to Perhutani
to energy effiency
Environmental Sustainability 54
Page 55
Contributing more into people’s welfare through subsidized mortgage
Segmented by Ages
Contribute in reducing housing Provide houses with affordable
backlogs in Indonesia through electric prices with adjusted 21 - 35 years 36 - 50 years >51 years
housing financing program targeted rates for middle-low income 0.6% 0.4% 0.4% 0.4% 0.6%
to low-middle income segments segments.
24.1% 20.9% 20.4% 20.6% 21.5% ▪ ~75% of BTN
Subsidized
mortgage
78.7% 79.2% 79.0% 77.9% customers are
Subsidized Mortgage 75.2%
Millennials
2019 2020 2021 2022 2023
Segmented by Wages
By Wages ▪ The maximum
up to IDR 4mn IDR 4 - 6 Mn IDR 6 - 8 Mn salary for eligible
subsidized
0.0%
1.1% 2.0% 3.7% 7.1% mortgage
Ensure availability and sustainable 25.2% customers were
Make inclusive, safe, resilient and management of clean water and 44.0% 48.9%
54.4% IDR 6 Mn for
sustainable community in each sanitation in subsidized housing. 100.0% single income and
subsidized housing complex. 73.6% IDR 8 Mn for joint
54.0% 47.5% income.
38.5%
▪ Prior to 2019
162 maximum salary
146 Subsidized 2019 2020 2021 2022 2023
were IDR 4 Mn
131 Mortgage Loan
121 By Gender
111 Outstanding Segmented by Gender
(IDR Tn) Male Female
▪ All genders
32.2% 31.0% 32.4% 33.3% 35.0% have the same
% of Subsidized opportunity to
Mortgage of own a
43.4% 46.4% 47.6% 48.9% 48.5% total BTN Loan subsidized
67.8% 69.0% 67.6% 66.7% 65.0%
Portfolio house
2019 2020 2021 2022 2023 2019 2020 2021 2022 2023
Social Welfare 55
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Supporting the Development of Housing Business Ecosystem through KUR
Keeping within BTN’s expertise, KUR Programs Will Remain Focused on Maximizing the Housing Ecosystem and Business Related to Housing
Inauguration of the
KUR Disbursement KUR Disbursement Growth per Province in 2023
MSME Process Center
(IDR Bn) in Surabaya, East Java
Top 5 Contributor KUR : West Java, East Java, Jakarta, Central in order to
Java and Banten accelerate and
+201.4% yoy simplify the KUR
disbursement process
1,808
600
291
Dec-21 Dec-22 Dec-23
Jakarta
(172.2%)
KUR Portfolio by Segment East Java
Banten (245.7%)
Focusing on secured loans with manageable NPLs (175.2%)
West Java
(228.2%)
Central Java
(191.9%)
28.3% Wholesale and
Retail Trade
44.9%
Construction
Within 2023, UMKM Center has been carried out at 10
26.8% Others Branch Offices in East Java, DKI Jakarta and West Java
3% 450%
Social Welfare 56
Page 57
Housing Finance Center (HFC) to support housing industry in Indonesia
Through BTN Housing Finance Centre (HFC), BTN assists prospective new developers through a learning & advisory program and providing basic
education to prospective developers
BTN Santri Developer in Collaboration with NU Circle
Housing Finance Center (HFC) ❑ To support the growth of
1,396
To become a leading center for research, education and Students have housing industry in Indonesia,
consultancy on housing finance participated in the BTN is committed to
Santri Developers providing education to
program. prospective developers from
Islamic boarding schools in
Learning collaboration with NU
Circle.
❑ By the end of 2023, Bank
Implementing the HFC’s flagship work program in seminars, workshops,
BTN had organized 3
and short courses both online and offline in collaboration with well-known
batches of Santri
universities in Indonesia, Islamic boarding schools and other stakeholders.
Developers in Jombang,
Cirebon, and Salatiga and 1
online event.
Advisory
Literacy Property Program in Collaboration with Universities
Conducting collaboration, coaching, mentoring and carrying out advisory
❑ Implementation of Mini MBA in
functions with academics, practitioners, government and community to
Property with a total of 798
training participants of HFC Program in property sector
graduates in 19 batches
❑ Collaboration with ILUNI UI
Research (Alumni Association of University of
Indonesia) on Ruang Temu
Property Program
Research implementation within the property sphere through various
❑ Collaboration with KATSGAMA
studies on the housing market and developing the House Price Index (HPI).
UGM (Civil Engineering Association
of Gajah Mada University) on
School of Property Program
Social Welfare 57
Page 58
Human Capital Composition and Policy
Gender Diversity Management Composition Diversity, Equity and Inclusion Policy
(as of Jun 24) Commissioner Composition
12,710 employees Independent Commissioner BTN provides broad
10%
opportunities for all
parties to contribute to
50% 50% 43% 44% 50% BTN by implementing
of the BOD policies related to
composition Diversity, Equity and
50% 50% 57% 56% 50% are women Inclusion (DEI) in the
Female 47.7% Male 52.3% company's Human
2019 2020 2021 2022 2023 Capital operations.
Employee Composition Respectful Workplace Policy ESG Training & Awareness
❑ Recognize and respect differences in a
11,681 Completed Self-Learning ESG
Manager &
by Staff & Officer Senior Manager
diverse work environment with a wide range awareness in May 2024
Level 86.7% 11.9%
of ethnic backgrounds, races, nationalities,
*) Consists of AVP, VP, SVP and EVP Top Management*)
1.3%
skin colors, ages, religions, genders,
disabilities, viewpoints, or other 3,065 Completed ESG learning & training
Still on-going
18%
characteristics and perspectives, mainly to
of the Top Management
composition are women
promote a productive environment.
❑ Ensure that everyone is treated
44 Completed loan syndication with
sustainable principles training
14
equally and have the same opportunity Num of Employees
Disable employee accessing the facilities and infrastructure.
❑ Create a work environment of mutual In achieving the goal of becoming an
respect, non-discrimination, and harassment #ESGChampion, good internal support from
≤ 30 31 - 50 ≥51 in any form. the Bank is needed. BTN has implemented
by
7.9% learning & training related to ESG for
Age 43.8% 48.3%
internal Bank employees.
Social Welfare 58
Page 59
Governance Sustainability Highlight
Gratification Data Privacy ESG Aspect in Credit Analysis
The Gratification Control To create impact through
Unit is a unit in the Data Privacy has Sustainable Finance,
Compliance and become BTN's main BTN is committed to
Governance Division with priority to protect provide policies related to
a task to receive customer and internal ESG aspects in loan
gratification reports and data. analysis.
reports to the Komisi
Pemberantasan Korupsi
(KPK).
Whistle Blowing System (WBS) Signatories Anti-Money Laundering
https://btnsiips.tioffs.info
Email : btnsiips@tipoffs.info BTN strengthens aspects
of corporate governance
by enhancing policies,
Msg./WA + 62 813 8870 1117 and implementing the
Telp. + 62 21-5092882/3 awareness related to
Anti-Money Laundering
The objective of the Company's WBS is to BTN has joined national and international (APU) & Prevention of
strengthen internal control mechanisms to environmental and social sustainability Terrorism Financing
support business growth, through : communities. (PPT)
❑ Early detection and prevention of
irregularities or violations;
❑ To build an open, sincere, honest, and
responsible work climate.
Governance Sustainability 59
Page 60
Governance Sustainability Highlight
Better Sustainalytics ESG Rating than peers CSR HUB Refinitiv
BTN Rating vs Peers ESG Rating
History Low
Top
89
Combined ESG Score B+
ESG Ranking (%) Bank BTN’s ESG
30.3 Compared Within performance ranked at
28.4 26.9 28.2
22.9 21.4 22.7 23.8 31,122 Companies
Environmental Social Pillar Governance 176 out of 1,097 Banking
18.8 Pillar Score Score Pillar Score
Services Company as
assessed by Refinitiv
C A- B
Jun-22 Aug-23 Des-23 Latest Sustainalytics Rating
MSCI ESG Rating Included in some ESG Indices Other Ratings
with overall score of
IDX LQ45
Low Carbon Leaders Top 3 Indonesia PLCs 111.82
BBB
ASEAN Asset Class Threshold
“Most Trusted Company”
Average 90.5
SRI Kehati Index Corporate 90.0
Governance 89.8
A company with a mixed or unexceptional track 1. ESG Sector Leaders Perception
record of managing the most significant ESG 2. ESG Quality 45 Index (CGPI)
risks and opportunities relative to industry peers 2021 2022 2023
Governance Sustainability 60
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5 Years Financial
Performance
# KARENA HIDUP
GAK CUMA TENTANG HARI INI
Page 62
5 Years Financial Snapshots
Growth
Financial Highlight 2019 2020 2021 2022 2023
2023-2022 (%)
Asset/ Liabilities
Total Assets (IDR Bn) 311,777 361,208 371,868 402,148 438,750 9.1 yoy
Total Loan & Financing (IDR Bn) 255,825 260,114 274,835 298,282 333,698 11.9 yoy
Total Deposits (IDR Bn) 225,401 279,135 295,976 321,937 349,933 8.7 yoy
Profitability
Net Profit (IDR Bn) 209 1,602 2,376 3,045 3,501 15.0 yoy
NIM 3.32% 3.1% 4.0% 4.4% 3.8% (65) bps
CIR 58.1% 53.9% 48.2% 46.7% 45.3% (140) bps
ROE (Tier-1) 1.0% 10.0% 13.6% 16.4% 13.9% (256) bps
ROA 0.1% 0.7% 0.8% 1.0% 1.1% 5 bps
Asset Quality
NPL (Gross) 4.8% 4.4% 3.7% 3.4% 3.0% (37) bps
Loan at Risk (LAR) 3.0% 34.1% 26.8% 23.2% 21.1% (214) bps
NPL Coverage 50.0% 115.0% 141.8% 155.7% 155.2% (49) bps
Cost of Credit (CoC) 1.4% 0.9% 1.4% 1.4% 1.2% (21) bps
Liquidity
LDR 113.5% 93.2% 92.9% 92.7% 95.4% 271 bps
CASA 43.4% 41.1% 44.3% 48.5% 53.7% 521 bps
Capital
Equity (IDR Bn) 23,836 19,988 21,407 25,909 30,479 17.6 yoy
CAR (Tier 1) 15.6% 13.6% 13.8% 16.1% 17.5% 136 bps
Total CAR 17.3% 19.3% 19.1% 20.2% 20.1% (10) bps 62
Page 63
5 Years Balance Sheet
% Assets as of
Balance Sheet Summary (IDR Bn) Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 CAGR 5 Years
Dec-23
Total Earning Assets 284,338 335,630 331,979 360,379 389,827 6.5% 88.8%
Term Deposit with BI 6,134 11,583 5,550 4,578 12,149 14.6% 2.8%
Total Loan & Financing 255,825 260,114 274,835 298,282 333,698 5.5% 76.1%
Securities 18,628 59,494 48,313 53,688 41,200 17.2% 9.4%
Other Earning Assets 3,751 4,439 3,281 3,831 2,780 -5.8% 0.6%
Provision on Earning Asset (6,145) (13,066) (14,440) (15,679) (15,641) 20.5% -3.6%
Total Non Earning Assets 33,584 38,645 54,329 57,449 64,563 14.0% 14.7%
Total Assets 311,777 361,208 371,868 402,148 438,750 7.1% 100.0%
CASA 97,754 114,764 131,120 156,202 188,007 14.0% 42.8%
Current Account 52,117 72,045 79,199 114,007 143,535 22.5% 32.7%
Saving Account 45,638 42,719 51,922 42,195 44,472 -0.5% 10.1%
Time Deposits 127,647 164,371 164,856 165,736 161,927 4.9% 36.9%
Third Party Deposits 225,401 279,135 295,976 321,937 349,933 9.2% 79.8%
Securities issued 19,784 15,810 12,372 8,652 6,835 -19.1% 1.6%
Deposits from Other Banks 4,522 35 74 179 1,300 -22.1% 0.3%
Repurchase Agreements 947 0 0 0 0 -99.5% 0.0%
Borrowings 28,465 34,002 30,822 33,979 42,875 8.5% 9.8%
Non Interest Bearing Liabilities 8,823 12,238 11,218 11,491 7,327 -3.6% 1.7%
Total Liabilities 287,941 341,221 350,462 376,239 408,271 7.2% 93.05%
Total Equity 23,836 19,988 21,407 25,909 30,479 5.0% 6.95%
Total Liabilites & Equity 311,777 361,208 371,868 402,148 438,750 7.1% 100.00%
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5 Years Loan Mix
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 CAGR 5
Loan Type (IDR Bn)
Outs % Outs % Outs % Outs % Outs % Years
Housing Loan 229,522 89.7% 234,785 90.3% 244,823 89.1% 261,705 87.7% 284,617 85.3% 4.4%
Subsidized Mortgage 111,130 43.4% 120,720 46.4% 130,683 47.6% 145,860 48.9% 161,746 48.5% 7.8%
Non Subsidized Mortgage 80,649 31.5% 79,938 30.7% 83,251 30.3% 87,824 29.4% 96,175 28.8% 3.6%
Other Housing Loan 8,032 3.1% 7,256 2.8% 6,976 2.5% 6,970 2.3% 7,871 2.4% -0.4%
Construction Loan 29,711 11.6% 26,871 10.3% 23,914 8.7% 21,051 7.1% 18,826 5.6% -8.7%
Non Housing Loan 26,303 10.3% 25,329 9.7% 30,012 10.9% 36,576 12.3% 49,081 14.7% 13.3%
Consumer Loan 4,896 1.9% 5,119 2.0% 6,559 2.4% 7,010 2.4% 7,264 2.2% 8.2%
Commercial Loan 9,032 3.5% 8,270 3.2% 9,512 3.5% 11,563 3.9% 12,901 3.9% 7.4%
Corporate Loan 12,375 4.8% 11,940 4.6% 13,942 5.1% 18,004 6.0% 28,916 8.7% 18.5%
Total Loan & Financing 255,825 100.0% 260,114 100.0% 274,835 100.0% 298,282 100.0% 333,698 100.0% 5.5%
Mortgage 191,779 75.0% 200,658 77.1% 213,934 77.8% 233,684 78.3% 257,921 77.3% 6.1%
Gross Loan (IDR Tn) +11.9% yoy Composition by Business Segment Non Housing Loans
333.7 Housing Loans
298.3 10.3% 9.7% 10.9% 12.3% 14.7%
274.8
255.8 260.1
90.3%
89.7%
89.1%
87.7%
85.3%
CAGR 5.5%
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23
64
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5 Years Deposits
Customer Deposits (IDR Tn) Cost of Deposits (% YTD)
CAGR 5
By Segments Dec-19 Dec-20 Dec-21 Dec-22 Dec-23
Years 7.8 7.8 7.7
CASA 97.7 114.8 131.1 156.2 188.0 14.0%
7.0 6.8
Within the same level of interest rate
Current Account 52.1 72.0 79.2 114.0 143.5 22.5% 6.5 back to 2019 (6% BI7DRR), BTN has
6.2 managed CoF
Savings Account 45.6 42.7 51.9 42.2 44.5 -0.5%
6.0 6.0
Time Deposits 127.6 164.4 164.9 165.7 161.9 4.9% 5.3
5.7 5.7 5.7
Total Deposits 225.4 279.1 296.0 321.9 349.9 9.2% 5.3 5.2 4.6
5.0 4.3 5.1 5.2
4.8 4.1 4.0 5.2
Current Account Improvement (IDR Bn) 3.5
3.5 3.1
CAGR 3.7 3.6 3.6 3.6 3.7
FY19 FY23 3.5 3.2 3.1
5 Years 3.3
3.1
2.9 2.9 2.9 2.9 2.8 2.8
Current Account – FLPP 22,861 64,320 23.0% 2.7 2.6
2.3 2.4 2.4 2.4
Current Account – BAU 29,255 79,215 22.0% 2.1 2.0 2.1 2.1 2.1 2.1
1.9
1.5
1.4 1.4 1.4
43.9% 35.6% 45.5% 43.6% 44.8%
1H19 FY19 1H20 FY20 1H21 FY21 1H22 FY22 1H23 FY23
56.1% 64.4% 54.5% 56.4% 55.2%
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 CASA Time Deposits Total Deposits BI rate
65
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5 Years Capital
Capital Full-Year of CAGR 5
(IDR Bn) 2019 2020 2021 2022 2023 Years (%)
Tier – 1 Capital 21,037 17,626 18,532 22,533 27,154 5.2%
Tier – 2 Capital 2,313 7,369 7,175 5,635 4,076 12.0%
Total Capital 23,350 24,995 25,707 28,168 31,230 5.6%
Total RWA 134,844 129,250 134,341 139,631 155,590 2.9%
RWA – Credit Risk 113,079 105,435 110,020 114,318 136,692 3.9%
RWA – Market Risk 802 1,612 2,407 1,373 942 3.3%
RWA – Operational Risk 20,963 22,203 21,914 23,939 17,956 -3.0%
CAR Tier 1 (Tier 1/Total RWA) 15.6% 13.6% 13.8% 16.2% 17.5% 2.3%
CAR Tier 2 1.7% 5.7% 5.3% 4.0% 2.6% 8.8%
CAR BI ((Tier 1+2)/Total RWA) 17.3% 19.3% 19.1% 20.2% 20.1% 3.0%
Capital Conservation Buffer 2.5% 0.0% 0.0% 2.5% 2.5%
Countercyclical Buffer 0.0% 0.0% 0.0% 0.0% 0.0%
Capital Surcharge (D-SIB) 1.0% 1.0% 1.0% 1.0% 1.0%
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5 Years Profit and Loss
CAGR
PL Summary (IDR Bn) 2019 2020 2021 2022 2023
5 Years
Interest Income 25,678 25,167 25,828 25,888 28,271 1.9%
Interest Expense (16,600) (16,045) (12,626) (10,740) (14,648) -2.5%
Net Interest Income 9,078 9,122 13,201 15,148 13,624 8.5%
Other Operating Income 2,113 2,515 2,488 2,233 3,922 13.2%
Other Operating Expense (Exclude Provision) (7,269) (7,053) (9,025) (9,406) (9,311) 5.1%
Pre-Provision Operating Profit (PPOP) 3,922 4,584 6,664 7,975 8,234 16.0%
Provision (3,487) (2,262) (3,628) (4,041) 3,765) 1.6%
Profit From Operations 436 2,322 3,036 3,934 4,470 59.3%
Non-Operating Income (Expense) (25) (51) (43) (59) (90) 29.4%
Profit Before Tax 411 2,271 2,993 3,876 4,380 60.5%
Net Profit 209 1,602 2,376 3,045 3,501 75.7%
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Profit and Loss Composition (1/3)
Interest Income
CAGR 5 % portion
Interest Income (IDR Bn) 2019 2020 2021 2022 2023
Years of FY23
Placement with Bank Indonesia 199 374 459 321 609 25.1% 2.3%
Placement with other bank 27 12 71 10 16 -10.1% 0.2%
Securities 989 1,683 2,577 2,253 2,244 17.8% 9.3%
Loan 22,203 21,173 20,615 20,956 22,378 0.2% 77.9%
Others - 3 19 61 90 0.3%
Income from Syariah 2,261 1,922 2,087 2,286 2,934 5.4% 10.1%
Total 25,678 25,167 25,828 25,888 28,271 1.9% 100.0%
Interest Expense
CAGR 5 % portion
Interest Expense (IDR Bn) 2019 2020 2021 2022 2023
Years of FY23
Deposits from Other Banks 508 195 52 135 241 -13.9% 1.0%
Deposits from Non Banks 12,679 11,755 9,135 7,918 11,832 -1.4% 82.9%
Securities Issued 1,652 1,552 1,261 880 547 -19.9% 2.7%
Fund Borrowings 1,689 2,518 2,176 1,801 1,953 3.0% 13.1%
Others 73 25 1 7 76 0.8% 0.3%
Total 16,600 16,045 12,626 10,740 14,648 -2.5% 100.0%
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Profit and Loss Composition (2/3)
Other Operating Income
CAGR 5 % portion
Other Operating Income (IDR Bn) 2019 2020 2021 2022 2023
Years of FY23
Non-Recurring Income 934 1,440 1,261 857 2,422 21.0% 61.7%
Gain from Treasury Transaction 646 770 895 154 669 0.7% 17.1%
Recovery 113 161 249 371 882 50.7% 22.5%
Others 175 509 116 331 870 37.8% 22.2%
Recurring Income 1,179 1,075 1,227 1,377 1,500 4.9% 38.3%
Loan Related Transaction 284 220 273 363 458 10.1% 11.7%
Deposits & Banking Service Related 818 792 895 935 949 3.0% 24.2%
Sharia Related Transaction 78 63 60 79 93 3.6% 2.4%
Total 2,114 2,515 2,488 2,233 3,922 13.2% 100.0%
Portion of Other Operating Income (%)
Non Recurring Income 44.21% 38.4%
57.3% 50.7%
61.7%
Recurring Income
55.79% 61.6%
42.7% 49.3%
38.3%
2019 2020 2021 2022 2023
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Profit and Loss Composition (3/3)
Other Operating Expense (exclude Provisions)
Other Operating Expense (IDR Bn) CAGR 5 % portion
2019 2020 2021 2022 2023
Excluding Provision Years of FY23
Salaries & Employee Benefit 2,435 2,560 2,953 3.311 3,220 5.7% 41.1%
General Administration 875 886 1,530 894 1,186 6.3% 12.9%
Others 483 487 911 939 834 11.5% 2.9%
Rent, Service & Maintenance 966 778 806 913 833 -2.9% 7.8%
Depreciation 314 526 556 629 717 17.9% 7.0%
Promotion 455 268 340 470 537 3.4% 5.9%
Collector Fees & Consultant 1,036 979 1,053 1.014 1,083 0.9% 13.4%
Insurance Premium 489 496 642 621 680 6.8% 7.7%
Training 96 42 51 88 96 0.1% 1.0%
Research & Development 16 8 6 6 8 -12.7% 0.0%
Other Taxes 12 13 13 12 12 0.7% 0.1%
Loss (transaction spot, derivative, and forex) 92 9 11 500 100 1.7% 0.0%
Marked to Market 0 - 154 10 6 232.0% 0.1%
Total 7,270 7,053 9,025 9.406 9,311 5.07% 100.0%
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5 Years Financial Snapshots UUS
CAGR 5 Years
Financial Highlight 2019 2020 2021 2022 2023
(%)
Asset/ Liabilities
Total Assets (IDR Bn) 28,386 33,032 38,363 45,336 54,289 13.8%
Total Financings (IDR Bn) 23,613 25,062 27,550 31,624 37,114 9.5%
Total Deposits (IDR Bn) 21,860 23,831 29,263 34,641 41,803 13.8%
Profitability
Net Profit (IDR Bn) 238 135 185 334 702 24.1%
N I M equivalent 4.3% 3.1% 4.7% 5.0% 5.0% 3.2%
ROA 0.8% 0.4% 0.5% 0.7% 1.3% 9.3%
Asset Quality
NPF (Gross) 7.6% 6.5% 4.3% 3.3% 2.4% -20.6%
Financing at Risk (FAR) 18.6% 29.5% 25.3% 17.1% 14.4% -5.0%
NPF Coverage 38.7% 55.5% 106.7% 150.1% 158.1% 32.5%
Liquidity
FDR 108.0% 105.2% 94.1% 91.3% 88.8% -3.8%
CASA 37.3% 31.3% 37.4% 43.6% 50.0% 6.0%
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5 Years Sharia Business : Financing & Deposits Composition
Financing Business Composition
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 CAGR 5
Financings Type (IDR Bn)
Outs % Outs % Outs % Outs % Outs % Years
Housing Financing 22,507 95.3% 24,305 97.0% 26,486 96.1% 30,812 97.4% 36,587 98.6% 10.2%
Subsidized Mortgage 11,631 49.3% 13,590 54.2% 15,829 57.5% 19,039 60.2% 22,966 61.9% 14.6%
Non Subsidized Mortgage 7,777 32.9% 8,363 33.4% 8,807 32.0% 9,948 31.5% 11,604 31.3% 8.3%
Other Housing Financing 84 0.4% 72 0.3% 59 0.2% 48 0.2% 33 0.1% -17.0%
Construction Financing 3,014 12.8% 2,280 9.1% 1,791 6.5% 1,776 5.6% 1,982 5.3% -8.0%
Non Housing Financing 1,106 4.7% 757 3.0% 1,064 3.9% 812 2.6% 528 1.4% -13.8%
Consumer Financing 186 0.8% 134 0.5% 118 0.4% 145 0.5% 169 0.5% -1.9%
Commercial Financing 920 3.9% 623 2.5% 946 3.4% 667 2.1% 359 1.0% -17.2%
Total Financing 23,612 100.0% 25,062 100.0% 27,550 100.0% 31,624 100.0% 37,114 100.0% 9.5%
Mortgage Financing 19,408 82.2% 21,953 87.6% 24,636 89.4% 28,988 91.7% 34,571 93.2% 12.2%
Deposits Composition CASA Ratio (%)
6.3% 5.5%
Deposits (IDR Bn) Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 YoY 3.4% 2.7% 3.7%
CASA 8,161 7,463 10,952 15,117 20,915 38.4%
Non CASA
Current Account 4,008 3,444 5,830 9,104 14,166 55.6% 56.4% 50.0% CASA
62.7% 68.7% 62.6%
Savings Account 4,153 4,019 5,122 6,013 6,750 12.3% CoF
Time Deposits 13,700 16,368 18,311 19,524 20,888 7.0% 43.6% 50.0%
37.3% 31.3% 37.4%
Total 21,860 23,831 29,263 34,641 41,803 20.7%
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23
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5 Years Sharia Business : Asset Quality
Sharia NPF & NPF Coverage Sharia Financing at Risk
NPF NPF Coverage
FAR Consumer FAR Commercial Total FAR
150.1% 158.1%
29.5%
106.7%
25.3%
55.5% 8.5%
5.7%
17.1%
14.4%
3.5%
1.6%
6.5% 20.9% 19.6%
4.3% 13.6% 12.8%
3.3%
2.4%
Dec-20 Dec-21 Dec-22 Dec-23 Dec-20 Dec-21 Dec-22 Dec-23
Sharia Special Mentioned Financing (SMF) Sharia Non-Performing Financing (NPF)
Financings Type Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Financings Type Dec-19 Dec-20 Dec-21 Dec-22 Dec-23
Housing Financing 8.1% 7.1% 6.3% 6.7% 7.1% Housing Financing 5.4% 4.9% 3.9% 3.2% 2.3%
Subsidized Mortgage 7.7% 7.2% 6.4% 7.1% 7.1% Subsidized Mortgage 0.7% 0.6% 0.5% 0.9% 1.1%
Non-Subsidized Mortgage 8.1% 6.4% 6.3% 7.0% 7.3% Non-Subsidized Mortgage 1.6% 1.5% 1.4% 1.3% 2.0%
Other Housing Financing 12.5% 8.2% 9.8% 8.9% 11.0% Other Housing Financing 1.9% 2.4% 2.1% 5.5% 1.8%
Construction Financing 9.5% 9.3% 5.6% 1.6% 5.7% Construction Financing 33.3% 42.7% 45.1% 38.0% 18.1%
Non-Housing Financing 5.7% 4.6% 2.1% 0.0% 1.6% Non-Housing Financing 51.8% 48.5% 14.8% 9.0% 10.0%
Consumer Financing 3.7% 5.5% 6.1% 3.8% 3.8% Consumer Financing 11.9% 8.3% 3.1% 4.7% 3.6%
Commercial Financing 6.1% 4.2% 1.1% 0.0% 0.5% Commercial Financing 59.9% 68.2% 17.8% 9.9% 13.0%
Total Financing 8.0% 7.0% 6.2% 6.6% 7.0% Total Financing 7.6% 6.5% 4.3% 3.3% 2.4%
Mortgage Financing 7.8% 6.9% 6.4% 7.0% 7.1% Mortgage Financing 1.1% 1.0% 0.8% 1.0% 1.4%
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Appendix # KARENA HIDUP GAK CUMA TENTANG HARI INI
Page 75
BTN’s Competitive Advantages as a Commercial Bank
3.0% 12.7 Mio 1.8 Mio Indonesian Government
aims to increase the
mortgage to GDP ratio, current housing needs in New marriages per year, with additional
quality of living
well below neighboring Indonesia projected 77 million of Indonesia’s population
conditions of Indonesians
ASEAN countries will add to the middle income segment by 2025
Serving the BTN has been leading
Sustainable government
nation’s housing Indonesia’s mortgage business ~ 5.2 million units of ~ 85% of BTN’s support in terms of annual
since the first mortgage mortgages have been portfolio is housing
needs for more budget for housing subsidy
disbursement in Indonesia in extended by BTN since 1976 loans
than 47 years and infrastructure development
1976
Market leader
BTN is the main contributor BTN’s mortgages are still ~ 82% of the
to the national housing dominant in the subsidized national Subsidized Driving 185 economic sub-
and contributor program as the largest segment (50% of BTN’s total Mortgages market sectors through housing
to the economy absorber of the subsidized mortgage portfolio) and first share and 39% of total businesses.
mortgage budget. time home buyers mortgages market
Engagement with Partnership with >7000 developer partners Nurturing new developers >3000 notary offices
a wide range of government/private and
with most being subsidized through BTN’s learning & have collaborated with BTN in
housing overseas institutions for
residential developers advisory program mortgages disbursement
stakeholders various funding sources
75
Page 76
BTN’s Network and Distribution as of 1H24
Java Kalimantan Sulawesi
Regional Office 5 Regional Office 1 Regional Office 1
Branch Offices 49 Branch Offices 7 Branch Offices 8
National 1H24 FY23 FY22
Sub-Branch Offices 378 Sub-Branch Offices 31 Sub-Branch Offices 30
Regional Office 8 6 6
Sharia Branch Offices 17 Sharia Branch Offices 3 Sharia Branch Offices 3
Branch Offices 82 81 80
Sharia Sub-Branch Sharia Sub-Branch Offices 3 Sharia Sub-Branch Offices 2
52
Offices
Sub-Branch Offices 539 541 539
ATM & CRM 340 ATM & CRM 169
ATM & CRM 2,098
Sharia Branch Offices 34 34 30
Sharia Sub-Branch
76 75 74
Sumatera Bali dan Nusa Tenggara Maluku dan Papua Offices
Regional Office 1 Regional Office - Regional Office - Outlets 739 737 729
Branch Offices 11 Branch Offices 4 Branch Offices 3 ATM and CRM 3,652 3,789 2,117
Sub-Branch Offices 76 Sub-Branch Offices 15 Sub-Branch Offices 9
Sharia Branch Offices 9 Sharia Branch Offices 1 Sharia Branch Offices -
Sharia Sub-Branch Offices 18 Sharia Sub-Branch Offices 1 Sharia Sub-Branch Offices -
ATM & CRM 810 ATM & CRM 162 ATM & CRM 73
76
Page 77
Overview and Market Perspective on BTN Activities
Current BTN Ratings From Various Rating
Precedent of BTN Corporate Action BBTN are included in some indices including
Agencies
ESG indices
up to Jun 2024
As of November 2023
Total Proceeds of IDR 1.65 Tn
through public portion of rights issue
Outlook : Stable
National Short-Term Rating : F1+ (idn) Issued Public Shares : PEFINDO i-Grade
National Long-Term Rating : AA+ (idn) 1,377,777,765 LQ45
Senior Unsecured : AA+ IDX BUMN20
IDX30
IDX80
As of May 2024 IDX Small-Mid Cap (IDX SMC) Composite
IDX Small-Mid Cap (IDX SMC) Liquid
Outlook : Stable Kompas100
Counterparty Risk Rating : Baa2/P-2 Infobank15
1.6x
Bank Deposits : Baa2/P-2
IDX ESG Leaders
Baseline Credit Assessment : ba1 Oversubscribed by
Adj Baseline Credit Assessment : ba1 MSCI Indonesia Small Cap
Counterparty Risk Assessment : Baa2 (cr)/P-2(cr) ESG Sector Leaders IDX Kehati
Subordinate : Ba3 (hyb)
ESG Quality 45 IDX Kehati
IDX Value30
Investor33
IDXFINANCE
As of July 2024 SRI-KEHATI
Tempo – IDX Financials52
Outlook : Stable
Corporate Rating : F1+ (idn) BTN’s Rights Issue was positively welcomed by
National Long-Term Rating : AAA (idn) investors
Senior Unsecured : AAA
77
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BBTN’s Past Corporate Action and Shareholder Structure
Geographics of BBTN Ownership (as of June 2024)
IPO (of total public Portion)
Euro Region Region Asia
On December 17, 2009, bank BTN conducted an Initial
2009 America 407.2 mn shares 103.5 mn shares
Public Offering and listed on the Indonesia Stock (1.8%)
908.6 mn shares (7,3%)
Exchange (IDX) with an offering price of IDR800/share.
(16.8%)
Rights Issue 1 Indonesia
2012 British Territory 4,165 mn shares
In Rights Issue 1, Bank BTN issued 1.51 billion new 0.9 mn shares (74.2%)
shares at an exercise price of IDR 1,235/share. Bank (0.0%)
BTN obtained Rp 1.86 trillion from Rights Issue 1.
Shareholder Structure (as of June 2024)
Rights Issue 2
In Rights Issue 2, Bank BTN issued 3.44 billion new Government of Indonesia Public *
2022
shares at a price per share of IDR 1,200/share. The
Government of the Republic of Indonesia invested in 60% 40%
shares in the form of State Capital Participation
amounting to IDR 2.48 Trillion. Bank BTN earned
IDR4.13 trillion from Rights Issue 2.
* Includes 0.01% share ownership by the Board of Commissioners and Directors
78
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Board of Directors (1/2)
Experienced and Professional Management Team with Visionary Strategy
Nixon L.P. Napitupulu Oni Febriarto Rahardjo Andi Nirwoto
President Director Vice President Director Director Information
Technology
Served as Vice President Served as Vice President Served as General Manager
Director and Director of Director at Perum of Operational Information
Finance Planning and Perumnas and Director of Technology, and General
Treasury at PT Bank Commercial Banking at PT Manager Solution and IT
Tabungan Negara (Persero) Bank Tabungan Negara Security Division at PT Bank
Tbk (Persero) Tbk Negara Indonesia (Persero)
Tbk
Elisabeth Novie Riswanti Jasmin Setiyo Wibowo
Director Assets Director Distribution & Director Risk
Management Institutional Funding Management
Served as Asset Served as SEVP of Served as Consumer Credit
Management Division Consumer & Transaction Risk & Analytics Group
Head and Small and and Regional CEO IV/JKT 2 Head and Credit Portfolio
Medium Lending Division at Bank Mandiri Risk Group Head at PT
Head at PT Bank Tabungan Bank Mandiri (Persero) Tbk
Negara (Persero) Tbk
79
Page 80
Board of Directors (2/2)
Experienced and Professional Management Team with Visionary Strategy
Hirwandi Gafar Nofry Rony Poetra Eko Waluyo
Director Consumer Director Finance Director Human
Capital, Compliance &
Legal
Served as Subsidized Served as Treasury Division Served as Human Capital
Mortgage Lending Division Head and Head of Regional Management Division
Head and Business Office I at Bank BTN Head and Corporate
Development of Subsidized Secretary Division Head
Mortgage Dept Head at at Bank BTN
Bank BTN
Hakim Putratama Muhamad Iqbal*)
Director Operations & Director SME &
Customer Experience Retail Funding
Served as Head of Served as Director of
International and Institutional Banking PT
Transaction Banking at Bank Negara Indonesia
BPD Jabar & Banten (Persero) Tbk
*) effective following approval of Fit & Proper Test by Otoritas Jasa Keuangan (OJK) 80
Page 81
Board of Commissioners (1/2)
Chandra M. Hamzah Iqbal Latanro Armand B. Arief
President Commissioner/ Vice President Independent
Independent Commissioner/ Independent Commissioner
Currently a Partner at Previously served as Currently serving as
Assegaf Hamzah & Partners Commissioner at PT Bank Independent
Law Firm. Previously Mandiri Taspen and Commissioner of PT
President Commissioner of Commissioner at PT Cardig Aero Services Tbk.
PT Perusahaan Listrik Negara Pemeringkat Efek Previously served as
(Persero) and Commissioner Indonesia Independent
at Komisi Pemberantasan Commissioner of PT Bank
Korupsi. Royal Indonesia
Sentot A. Sentausa Andin Hadiyanto
Independent Commissioner
Commissioner
Previously served as Currently serving as Head
President Commisioner of the Education and
of Mandiri Inhealth, and Financial Training Agency
Director Distribution of (BPPK), Ministry of Finance
PT Bank Mandiri (Persero) and Acting President
Tbk Director of Educational
Fund Management Agency
(LPDP).
81
Page 82
Board of Commissioners (2/2)
Herry Trisaputra Zuna Bambang Widjanarko*)
Commissioner Independent
Commissioner
Currently serving as Road
and Bridge Manager Served as Deputy
Principal Expert. Commissioner for
Previously served as Supervision of
Director General of Public Government and Sharia
Works and Housing Banks for the Financial
Infrastructure Financing, Services Authority (OJK)
Ministry of Public Works
and Public Housing.
Himawan Arief Sugoto Adi Sulistyowati*)
Commissioner Independent
Commissioner
Currently serving as Main Served as Vice President
Advisor to the Minister of Director of PT Bank
Agrarian Affairs and Negara Indonesia
Spatial Planning/Head of (Persero) Tbk and Service
the National Land and Network Director of
Agency for Land PT Bank Negara
Economics. Indonesia (Persero) Tbk
*) effective following approval of Fit & Proper Test by Otoritas Jasa Keuangan (OJK) 82
Page 83
Thank You
Investor Relations
PT Bank Tabungan Negara (Persero) Tbk.
Menara BTN 16th Floor
Jl. Gajah Mada No. 1
Jakarta 10130
Telp: +62 21 63870107
Email: investor_ relations@btn.co.id
Website: www.btn.co.id
# KARENA HIDUP
GAK CUMA TENTANG HARI INI
Names mentioned 42 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Indonesia
p.29 ×4
unresolved
org
Bank BTN ESG Framework
p.47
unresolved
org
Ministry of Public Works
p.50
unresolved
org
Bank BTN’s ESG
p.60
unresolved
org
Bank Deposits
p.77
unresolved
org
Government of the Republic of Indonesia
p.78
unresolved
person
Vice
· President Director
p.79 ×2
unresolved
org
Negara Indonesia (Persero) Tbk
p.79
unresolved
org
PT Bank Tabungan
p.79
unresolved
org
Negara (Persero) Tbk
p.79
unresolved
org
Bank BTN Bank BTN Hakim Putratama
p.80
unresolved
—
Served
· Director
p.80
unresolved
org
Bank Negara Indonesia BPD Jabar
p.80
unresolved
org
Assegaf Hamzah & Partners
p.81
unresolved
org
PT Bank Korupsi.
p.81
unresolved
org
Acting President Tbk
p.81
unresolved
org
PT Bank Agrarian Affairs
p.82
unresolved
org
PT Bank Negara Economics.
p.82
unresolved
org
Indonesia (Persero) Tbk
p.82
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