BTN Reveals Corporate Action Plans for Q3 2026
Jakarta, CNBC Indonesia — PT Bank Tabungan Negara (Persero) Tbk (BBTN) will continue its corporate action to acquire the pension loan portfolio of PT Bank SMBC Indonesia Tbk (BTPN) in the third quarter of 2026.
As previously reported, BTN completed the first phase of the acquisition of SMBC Indonesia’s pension loan portfolio with a transaction value of around Rp12.6 trillion.
In the second phase, BTN will continue the acquisition with a value of around Rp7.34 trillion, bringing the total number of pension loan accounts managed by the bank to approximately 344,600.
BTN President Director Nixon LP Napitupulu explained that the acquisition strengthens the composition of the bank’s non-housing loan portfolio while creating a new source of growth with a higher yield profile and well-managed risk. All of the acquired portfolio consists of quality credit (performing loans), thereby supporting an improvement in the company’s asset quality and contributing positively to profitability.
Through this inorganic growth strategy, BTN is targeting the share of non-housing loans to rise gradually to around 30% of its total loan portfolio within the next five years, making the company’s business structure increasingly balanced, resilient and capable of generating sustainable growth.
“The beyond-mortgage strategy does not mean abandoning the core housing finance business, but rather complementing it, so that BTN customers can access credit from their productive years through to retirement. This step will also strengthen BTN’s business resilience in the long term,” Nixon said on Thursday (16/6/2026).
Meanwhile, as of the first half of 2026, BTN recorded consolidated loan and financing disbursement of Rp418.11 trillion, up 11.2% year on year from Rp376.11 trillion in the same period a year earlier.
The growth was supported by a 4.8% year-on-year increase in the housing loan sector, from Rp317.77 trillion to Rp332.88 trillion as of June 2026, and a surge in non-housing loans of 46.1% year on year, from Rp58.34 trillion in June 2025 to Rp85.22 trillion in June 2026.
Subsidised mortgages (KPR subsidi) remained the main driver of housing loan growth, rising 8.1% year on year from Rp182.17 trillion to Rp196.96 trillion as of June 2026. In addition, the Housing Programme Loan (KPP) disbursed by BTN had reached Rp4.1 trillion as of June 2026 since its launch at the end of October 2025.
Regarding the increase in non-housing loans, Nixon said the majority was supported by expanded penetration across various sectors such as education, healthcare, government, financial institutions and retail. The company has also partnered with multifinance companies to expand motor vehicle financing as part of its beyond-mortgage business diversification strategy, while boosting cross-selling to existing customers.