BTN Withholds Dividends to Prepare for Credit Portfolio Acquisition Worth Rp 15.4 Trillion

PT Bank Tabungan Negara (Persero) Tbk has decided not to distribute cash dividends for the 2025 fiscal year. This decision at the Annual General Meeting of Shareholders was taken to strengthen capital for credit expansion, including plans to acquire a credit portfolio worth Rp 15.43 trillion. BTN President Director Nixon L.P. Napitupulu stated that the dividend payout ratio has been set at 0 per cent because profits will be retained for expansion needs. “We ultimately will not pay dividends or the payout will be 0 per cent this year, because the capital is needed for purchasing the aforementioned portfolio,” Nixon said during a media briefing after the AGM at Menara BTN, Central Jakarta, on Thursday (23/4/2026) afternoon WIB. The acquisition plan covers various types of loans, both productive and consumer. Its value is said to exceed 20 per cent of the company’s equity, thus requiring rapid and efficient capital strengthening. According to Nixon, other funding options were considered, including the issuance of additional core capital (additional tier 1). However, that scheme was deemed to require more time and potentially add interest burdens. Therefore, BTN chose to retain profits. The decision has also been agreed upon with controlling shareholders, including BPI Danantara. BTN targets the signing of the acquisition on 13 May 2026 with more than one financial institution, although the identities of the transaction counterparties have not yet been disclosed.