BTN (BBTN) Posts Profit of Rp1.1 Trillion up to Q1 2026, Up 22%
PT Bank Tabungan Negara (Persero) Tbk. (BBTN) recorded a 22.6% year-on-year (yoy) growth in net profit to Rp1.1 trillion for the first quarter of 2026. BTN President Director Nixon LP Napitupulu stated that this achievement is inseparable from the government’s support for the people, particularly lower and middle-income communities.
“From those 6 million houses, if each house has four people, then a total of 24 million people can ultimately have decent housing. We are grateful for the government’s support that positions the housing sector as a national priority programme that is pro-people, becoming an important foundation in driving improvements in the quality of life for the community,” Nixon said during the Q1 2026 Performance Briefing Press Conference at Menara BTN, Jakarta, on Wednesday (15/4/2026).
Nixon continued 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 labourers. Furthermore, to build houses, 90% of the raw materials come from local products. In addition, from every house sold, there is 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,” Nixon explained.
On the other hand, Nixon revealed that by channelling mortgages to millions of Indonesian families, the company’s performance has become increasingly positive. In Q1 2026, BTN recorded total credit disbursements of Rp400.63 trillion, up 10.3% yoy from Rp363.11 trillion. Of the total credit disbursements, in the subsidised mortgage segment, BTN recorded disbursements of Rp193.55 trillion in Q1 2026, up 7.7% yoy from Rp179.70 trillion in the same period the previous year. Meanwhile, for the non-subsidised mortgage segment, credit reached Rp112.56 trillion in Q1 2026, up 5.4% yoy from Rp106.81 trillion.
In line with credit growth, BTN’s third-party funds (DPK) also grew positively by 9.9% yoy to Rp422.63 trillion in Q1 2026 from Rp384.70 trillion in the same period last year. BTN’s current account and savings account (CASA) also continued to show increases in line with transformations in the retail segment and the presence of bale by btn. In Q1 2026, BTN’s CASA was recorded to rise 7.9% yoy to Rp212.11 trillion, accounting for 50.2% of total DPK.
BTN’s cost of funds (CoF) also improved to 3.0% in Q1 2026, down from 4.0% in the same period last year. The credit and DPK performance also supported an increase in BTN’s assets by 10.5% yoy to Rp517.54 trillion in Q1 2026 from Rp468.53 trillion.
Meanwhile, in the first quarter of this year, users of bale by BTN also surged by 67.5% yoy to 4 million users from 2.4 million users in Q1 2025. This increase in users was also accompanied by positive growth in average savings balances, number, and transaction values, which jumped by 18% yoy, 8.1% yoy, and 48.2% yoy respectively in Q1 2026.
According to Nixon, one of the main drivers of this significant increase is the BTN Jakarta International Marathon (JAKIM) 2026 event.
“BTN JAKIM has become one of the significant boosters for transactions and bale users, because we realise as a consumer bank, we need to continue providing various banking transaction conveniences to support various community lifestyle activities, including sports. This year, we are optimistic about targeting bale users to rise to 5 million,” Nixon said.