BTN Realises Dream Homes Through 6 Million KPRs
PT Bank Tabungan Negara (Persero) Tbk (BTN) continues to demonstrate impressive performance, recording a 22.6% year-on-year (yoy) growth in net profit for the first quarter of 2026, in line with business transformation, service innovations, and strong government support for the national housing finance sector.
In line with this achievement, BTN has reaffirmed its commitment to realising the dream homes of the public through the disbursement of Home Ownership Credits (KPR), which have reached 6 million units since 1976 up to early April 2026, with a total value of Rp530 trillion. BTN President Director Nixon LP Napitupulu stated that this achievement reflects the government’s real support for the community, particularly the lower and middle classes.
“Of these 6 million homes, if each is occupied by four people, then around 24 million people can now enjoy decent housing. We thank the government for making the housing sector a national priority. This not only strengthens BTN’s business performance sustainably and in accordance with GCG principles, but also encourages us to continue being a strategic partner of the government in meeting the community’s housing needs,” said Nixon.
He added that the housing sector has a significant multiplier effect on the national economy. In addition to being labour-intensive, the sector is supported by up to 90% local raw materials and contributes to state revenue through taxes. “This sector is capable of creating job opportunities for 12.5 million people, and every additional investment of Rp1 trillion can absorb up to 8,000 workers,” he explained.
In terms of performance, BTN recorded credit disbursements of Rp400.63 trillion, up 10.3% yoy. Subsidised KPR credits reached Rp193.55 trillion (up 7.7% yoy), while non-subsidised KPR amounted to Rp112.56 trillion (growing 5.4% yoy). Third-party fund mobilisation (DPK) also increased by 9.9% yoy to Rp422.63 trillion, with a CASA ratio of 50.2% or Rp212.11 trillion.
Funding efficiency has also improved, with the cost of funds (CoF) dropping to 3.0% from the previous 4.0%. This condition supports BTN’s asset growth of 10.5% yoy to Rp517.54 trillion. Overall, BTN successfully booked a net profit of Rp1.1 trillion for the first quarter of 2026.
“This positive performance is also supported by Danantara Indonesia and BP BUMN, which continue to encourage BTN to carry out its role as the engine of national housing finance while providing optimal value for shareholders,” added Nixon.
On the digital side, the bale by BTN application recorded significant user growth of 67.5% yoy to 4 million users. This increase was also driven by various lifestyle activities, including the organisation of the BTN Jakarta International Marathon (JAKIM) 2026, which contributed to a surge in transactions and adoption of digital services.
BTN is optimistic about continuing to expand its service reach and increasing the number of bale users to 5 million this year, in line with the company’s commitment to providing easy access to banking for the wider community.