BTN to Hold Extraordinary General Meeting on 4 September, Board Changes on Agenda

Jakarta (ANTARA) - PT Bank Tabungan Negara (Persero) Tbk (BTN) has scheduled an Extraordinary General Meeting of Shareholders (RUPSLB) for 4 September 2026, with a proposed agenda to discuss changes to the composition of the company’s board of directors. BTN President Director Nixon LP Napitupulu stated that the agenda, pending confirmation from Danantara, concerns changes to the board. The RUPSLB is scheduled for 2:00 PM Western Indonesia Time. Shareholders entitled to attend the meeting are those whose names are recorded in the shareholder register at the close of trading on the Indonesia Stock Exchange (IDX) on 5 August 2026. Shareholders may propose meeting agenda items to the board of directors no later than 30 July 2026, or seven days before the meeting notice. This right can be exercised by Series A Dwiwarna shareholders or by one or more shareholders representing at least 1/20 of the total issued shares with valid voting rights. Proposed agenda items must be submitted in good faith, consider the company’s interests, require a GMS resolution, be accompanied by reasons and supporting materials, and must not conflict with statutory regulations or the company’s articles of association. The meeting notice for the RUPSLB will be announced on 6 August 2026 via the e-RUPS website, the Indonesia Stock Exchange, and the company’s website. In the first half of 2026, BTN posted a 40.8 percent year-on-year increase in consolidated net profit, reaching IDR 2.40 trillion. Consolidated loans and financing grew by 11.2 percent year-on-year to IDR 418.11 trillion, with total consolidated assets rising 12.4 percent year-on-year to IDR 545.16 trillion. The company recorded a 4.8 percent year-on-year increase in housing loans to IDR 332.88 trillion as of June 2026, while non-housing loans surged by 46.1 percent year-on-year to IDR 85.22 trillion. Third-party funds reached IDR 433.00 trillion, growing 6.6 percent year-on-year. The company continues to strengthen its low-cost funding structure as a foundation for long-term growth. As of the end of June 2026, BTN’s cost of funds stood at 3.01 percent. Asset quality was maintained, with the non-performing loan ratio declining from 3.3 percent in the first half of 2025 to 2.99 percent in the first half of 2026. The company also reduced its loan at risk to 18.6 percent and lowered its cost of credit to 0.7 percent in the first half of 2026. The capital adequacy ratio increased to 20 percent in the same period.