BTN Achieves 22.6% Profit Growth, Reaching Rp1.1 Trillion in Q1 2026

Jakarta (ANTARA) - PT Bank Tabungan Negara (Persero) Tbk recorded a 22.6% year-on-year (yoy) growth in net profit to Rp1.1 trillion in the first quarter of 2026, supported by double-digit increases in net interest income (NII). As of the end of March 2026, BTN’s net interest income grew 13% yoy to Rp4.26 trillion. BTN President Director Nixon LP Napitupulu, during a press conference in Jakarta on Wednesday, stated that this achievement reflects the results of the company’s transformation efforts over the past few years. “Profit is driven primarily by efficiency in the cost of funds. We have successfully reduced the higher-cost ones. Second, we have also improved credit quality,” said Nixon. BTN’s third-party funds (DPK) grew 9.9% yoy to Rp422.63 trillion in the first quarter of 2026, with low-cost funds (current account and savings account/CASA) also showing positive growth. In the same period, BTN’s CASA rose 7.9% yoy to Rp212.11 trillion, accounting for 50.2% of total DPK. With this development, the cost of funds improved to 3.0%, down from 4.0% in the same period last year. On the intermediation side, BTN recorded credit disbursements totalling Rp400.63 trillion, up 10.3% yoy from Rp363.11 trillion. Of this total credit disbursement, BTN’s subsidised mortgage lending reached Rp193.55 trillion, up 7.7% yoy. Meanwhile, non-subsidised mortgages reached Rp112.56 trillion, up 5.4% yoy. The performance in DPK mobilisation and credit disbursement also supported a 10.5% yoy increase in BTN’s assets to Rp517.54 trillion in the first quarter of 2026, from Rp468.53 trillion. In terms of digitalisation, users of BTN’s bale by BTN platform surged 67.5% yoy to 4 million users from 2.4 million in the first quarter of 2025. This increase in users was accompanied by positive growth in average savings balances, number of accounts, and transaction values, which jumped 18% yoy, 8.1% yoy, and 48.2% yoy respectively in the first quarter of 2026. Nixon also noted that the company’s positive performance is inseparable from the government’s support for the people, especially the lower-middle class. Since 1976 until early April 2026, BTN’s mortgage disbursements have reached 6 million units. “From these 6 million houses, if each house has 4 people, then a total of 24 million people can ultimately own decent housing,” he said. Nixon highlighted that support for housing has a significant multiplier effect, not only for the occupants but also for the national economy. He detailed that the housing sector is capital-intensive and requires local labour, from developers to builders. Moreover, 90% of the materials for building houses come from local products. In addition, every house sold generates state revenue in the form of taxes. “The national housing sector can create job opportunities for 12.5 million people across related sectors, and every additional capital injection of Rp1 trillion in this industry will add 8,000 jobs,” said Nixon.