BTN Decides Not to Distribute Dividends, Plans Corporate Action
PT Bank Tabungan Negara (Persero) Tbk (BBTN) has agreed not to distribute cash dividends for the 2025 fiscal year. This decision was reached at the Annual General Meeting of Shareholders (AGMS) today, Thursday (23/4/2026).
BTN’s President Director, Nixon L.P. Napitupulu, stated that the dividend payout ratio for this year is 0%, as the state-owned bank plans to acquire a credit portfolio worth Rp15.43 trillion. This plan is one of the agendas at the AGMS.
Nixon explained that the portfolio includes various types, such as productive and consumer credits, among others. He noted that this acquisition has been in the planning stages for a long time.
He recounted that BTN had previously considered issuing Additional Tier 1 capital, or core capital addition, to realise this plan.
This was due to the lengthy process required for state capital participation (PMN) or other capital addition methods, which were not feasible in time.
Therefore, Nixon said that using retained earnings has been agreed upon by the controlling shareholder, BPI Danantara.
“So, it was agreed with Danantara at the beginning of this week that we will not pay dividends or have a 0% dividend payout this year. Because the capital is needed for the portfolio purchase mentioned earlier,” Nixon explained during the BTN AGMS Press Conference at Menara BTN, Thursday (23/4/2026).
He further detailed that the portfolio purchase exceeds 20% of BTN’s capital. Thus, the decision to retain earnings is a form of efficiency.
However, Nixon declined to provide more details about the credit portfolio. He only mentioned that the official acquisition agreement will be signed on 13 May.
Nixon stated that this acquisition agreement will be with more than one financial institution.
The yield from this credit portfolio is said to be better than BTN’s current credit yield. Additionally, its quality is very healthy, with a non-performing loan (NPL) ratio below 3%.
Therefore, Nixon believes the company’s performance can exceed what is targeted in the Company Work Plan (RKP).
“Our interest income will be better than the RKP. Then, our profit might exceed the RKP. Although it’s still just a possibility,” he said.