NPL Drops to 2.99%, BTN Posts 40.8% Rise in Consolidated Net Profit for H1 2026
State-owned PT Bank Tabungan Negara (BTN) recorded a 40.8% year-on-year increase in consolidated net profit to Rp2.40 trillion for the first half of 2026, up from Rp1.70 trillion in the same period last year, alongside an improvement in asset quality. The bank’s non-performing loan (NPL) ratio fell to 2.99% in H1 2026, compared to 3.3% in H1 2025.
BTN President Director Nixon LP Napitupulu stated that the bank is not only strengthening its position as the leader in national housing finance but is also building an integrated financial services ecosystem. This strategy supports priority government programmes, including the 3 Million Houses Programme, whilst expanding financial access for the public. “This achievement is the result of a decade of consistent transformation. We are optimistic that until the end of the year, BTN’s performance will remain on track, continuing the positive record from the first half,” Nixon said during a press conference in Jakarta.
Nixon detailed that consolidated lending and financing reached Rp418.11 trillion as of June 2026, an 11.2% year-on-year increase from Rp376.11 trillion. This growth was driven by a 4.8% rise in housing loans to Rp332.88 trillion and a 46.1% surge in non-housing loans to Rp85.22 trillion. Subsidised mortgage loans remained the primary driver of housing credit, growing 8.1% to Rp196.96 trillion, whilst the bank’s Housing Programme Loans reached Rp4.1 trillion since their launch in late October 2025.
The expansion in non-housing credit was largely supported by increased penetration into sectors such as education, healthcare, government, financial institutions, and retail. The bank also partnered with multifinance companies to expand motor vehicle financing as part of its diversification strategy beyond mortgage, aiming to boost cross-selling to existing customers. Reflecting this expansion, BTN’s consolidated total assets rose 12.4% year-on-year to Rp545.16 trillion as of June 2026, underscoring its growing capacity to support national housing finance and broaden its business within the related ecosystem.