BTN-BSN Subsidiary Achieves 72% Market Share in Subsidised Mortgages by March 2026

Jakarta (ANTARA) - PT Bank Tabungan Negara (Persero) Tbk (BTN) together with its subsidiary, PT Bank Syariah Nasional (BSN), recorded a dominant market share in subsidised mortgages reaching 72 per cent, with the number of credit disbursements amounting to 28,811 units.

BTN’s Director of Consumer Banking, Hirwandi Gafar, stated that the company’s strength in disbursing FLPP mortgages reinforces its position as the main player in housing financing for low-income communities (MBR), while also serving as the driving force for home ownership.

“BTN continues to commit to being at the forefront in housing financing, especially for MBR. This increase in market share reflects the growing trust of the public,” said Hirwandi in his statement in Jakarta on Wednesday.

Hirwandi emphasised that the company will continue to expand access to housing financing.

This achievement also reaffirms BTN’s role in supporting home ownership for Indonesian society, in line with the strengthened intermediation function to drive the company’s performance.

“Collaboration with the government and developers will continue to be strengthened so that the disbursement of subsidised mortgages is increasingly equitable and on target,” said Hirwandi.

Since first disbursing mortgages in 1976, BTN has financed 4,087,046 housing units with a total value of Rp262.32 trillion.

Up to 27 March 2026, the realisation of BTN’s subsidised mortgage disbursements reached Rp3.65 trillion for 21,954 housing units. Meanwhile, throughout 2025, BTN disbursed subsidised mortgages for 132,803 housing units with a value of Rp22.01 trillion.

BTN’s total credit disbursements reached Rp341.16 trillion as of February 2026, growing 8.6 per cent year-on-year (yoy) compared to the same period last year of Rp314.09 trillion.

In line with the increase in credit disbursements, the company recorded interest income for that period growing 11.7 per cent yoy to Rp4.59 trillion. On the other hand, interest expenses were successfully reduced to Rp2.19 trillion, or down 14.4 per cent yoy.

This development drove a significant increase in net interest income (NII) of 54.7 per cent yoy from Rp1.55 trillion in February 2025 to Rp2.39 trillion in February 2026.