JAKARTADAILY.ID – PT Bank Tabungan Negara (Persero) Tbk (BTN) posted a net profit during the first half of 2022 worth Rp 1.47 trillion, an increase of 59.87 percent compared to the same period the previous year of Rp 920 billion.
"This very positive achievement in the first semester of 2022 is the fruit of the transformation carried out by all levels of BTN in achieving the business targets that have been set. We are optimistic that until the end of 2022, Bank BTN's performance will be better with various business strategies being carried out," said the President Director of Bank BTN, Haru Koesmahargyo in a public presentation, quoted on Monday, September 19, 2022.
The increase in Bank BTN's net profit, Haru continued, was supported by an increase in lending, the cost of funds which was successfully suppressed along with an increase in low-cost fundraising coupled with an improvement in the ratio of non-performing loans, which continued to decline this semester.
During the January-June 2022 period, Bank BTN which is listed on Indonesia Stock Exchange with “BBTN” managed to disburse loans reaching Rp 286.152 trillion, an increase of 7.61 percent from the same position last year of Rp 265.907 trillion.
The distribution of housing loans still dominated the company's total loans in the first half of this year. The housing loans distributed by Bank BTN until the end of June 2022 reached Rp 251.914 trillion.
Of this amount, subsidized mortgages in the first semester of 2022 still dominated with a value of Rp 137.255 trillion or grew by 8.68 percent compared to the same period last year of Rp 126.297 trillion. Meanwhile, non-subsidized mortgages grew 5.84 percent to Rp 85.305 trillion in the first semester of 2022 compared to the same period last year of Rp 80,598 trillion.
“We are spurring credit by paying close attention to the principle of prudence. Therefore, our non-performing loan ratio continues to improve. Gross NPL in the first semester of 2022 was at the level of 3.54 percent, lower than the previous level of 4.10 percent. Meanwhile, Net NPL was 1.04 percent, down from 1.87 percent," Haru explained.
The increase in credit has an impact on net interest income (NII) which grew 35.97 percent in the first semester of 2022 to Rp 7.73 trillion compared to the same period last year of Rp 5.69 trillion.