{
    "success": true,
    "data": {
        "id": 1679713,
        "msgid": "btn-achieves-22-6-profit-growth-reaching-rp1-1-trillion-in-q1-2026-1776261050",
        "date": "2026-04-15 19:42:56",
        "title": "BTN Achieves 22.6% Profit Growth, Reaching Rp1.1 Trillion in Q1 2026",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Banking",
        "summary": "PT Bank Tabungan Negara (BTN) reported a 22.6% year-on-year increase in net profit to Rp1.1 trillion in the first quarter of 2026, driven by double-digit growth in net interest income and improved cost of funds efficiency. The bank's third-party funds rose 9.9% to Rp422.63 trillion, while credit disbursements grew 10.3% to Rp400.63 trillion, with significant contributions from both subsidised and non-subsidised mortgage lending. This performance underscores BTN's role in supporting affordable housing for lower-income Indonesians, generating broader economic benefits through job creation and local material usage in the housing sector.",
        "content": "<p>Jakarta (ANTARA) - PT Bank Tabungan Negara (Persero) Tbk recorded a\n22.6% year-on-year (yoy) growth in net profit to Rp1.1 trillion in the\nfirst quarter of 2026, supported by double-digit increases in net\ninterest income (NII). As of the end of March 2026, BTN\u2019s net interest\nincome grew 13% yoy to Rp4.26 trillion. BTN President Director Nixon LP\nNapitupulu, during a press conference in Jakarta on Wednesday, stated\nthat this achievement reflects the results of the company\u2019s\ntransformation efforts over the past few years. \u201cProfit is driven\nprimarily by efficiency in the cost of funds. We have successfully\nreduced the higher-cost ones. Second, we have also improved credit\nquality,\u201d said Nixon. BTN\u2019s third-party funds (DPK) grew 9.9% yoy to\nRp422.63 trillion in the first quarter of 2026, with low-cost funds\n(current account and savings account\/CASA) also showing positive growth.\nIn the same period, BTN\u2019s CASA rose 7.9% yoy to Rp212.11 trillion,\naccounting for 50.2% of total DPK. With this development, the cost of\nfunds improved to 3.0%, down from 4.0% in the same period last year. On\nthe intermediation side, BTN recorded credit disbursements totalling\nRp400.63 trillion, up 10.3% yoy from Rp363.11 trillion. Of this total\ncredit disbursement, BTN\u2019s subsidised mortgage lending reached Rp193.55\ntrillion, up 7.7% yoy. Meanwhile, non-subsidised mortgages reached\nRp112.56 trillion, up 5.4% yoy. The performance in DPK mobilisation and\ncredit disbursement also supported a 10.5% yoy increase in BTN\u2019s assets\nto Rp517.54 trillion in the first quarter of 2026, from Rp468.53\ntrillion. In terms of digitalisation, users of BTN\u2019s bale by BTN\nplatform surged 67.5% yoy to 4 million users from 2.4 million in the\nfirst quarter of 2025. This increase in users was accompanied by\npositive growth in average savings balances, number of accounts, and\ntransaction values, which jumped 18% yoy, 8.1% yoy, and 48.2% yoy\nrespectively in the first quarter of 2026. Nixon also noted that the\ncompany\u2019s positive performance is inseparable from the government\u2019s\nsupport for the people, especially the lower-middle class. Since 1976\nuntil early April 2026, BTN\u2019s mortgage disbursements have reached 6\nmillion units. \u201cFrom these 6 million houses, if each house has 4 people,\nthen a total of 24 million people can ultimately own decent housing,\u201d he\nsaid. Nixon highlighted that support for housing has a significant\nmultiplier effect, not only for the occupants but also for the national\neconomy. He detailed that the housing sector is capital-intensive and\nrequires local labour, from developers to builders. Moreover, 90% of the\nmaterials for building houses come from local products. In addition,\nevery house sold generates state revenue in the form of taxes. \u201cThe\nnational housing sector can create job opportunities for 12.5 million\npeople across related sectors, and every additional capital injection of\nRp1 trillion in this industry will add 8,000 jobs,\u201d said Nixon.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/btn-achieves-22-6-profit-growth-reaching-rp1-1-trillion-in-q1-2026-1776261050",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}