BTN Earnings Grow 22% to Reach $ 1.4 Trillion in 2012

Indobusiness - Bank Tabungan Negara (BTN) managed to earn a net profit after tax of Rp 1.4 trillion during the year 2012. The figure was up 21.93% of the net profit after tax in 2011 amounted to Rp 1.1 trillion.

The increase in profit was in line with the increase in NIM company in 2012 amounted to 5.83%, an increase over the previous year which amounted to 5.76%.

"We'll keep working on how to make the year 2013 the Bank BTN can improve profitability is much higher than the gains in 2012," said Director of BTN Maryono, at a press conference VI/2012 quarterly results on BTN Building, Jakarta, Wednesday (27 / 2/13).

Maryono added profit was underpinned by net interest income (net interest margin) of Rp 4.7 trillion. The company also managed to reap profits from operating income of Rp 1.9 trillion. This income includes earned from fee income base (FBI) of Rp 577 billion.

In addition, Maryono said it would increase third party funds in particular low-cost funds for lending and housing finance as the main business of Bank BTN. Maryono will hold developers to a customer of Bank BTN priority. Developers who once raised by the Bank BTN will be coupled to come back with more innovative services that can be provided to them. "The move is expected to result in an increase in third party funds and lending," said Maryono.

Besides, Bank BTN will also add 2013 service outlets of 200 units. Currently, he said, BTN assets grew 25.4% from Rp 89.1 trillion in 2011 to Rp 111.7 trillion in 2012. "This year has translucent BTN Bank assets above Rp 100 trillion. This is consistent with the company's plan to boost assets in 2012 to get in on the amount of more than Rp 100 trillion," he said.

Meanwhile, the company recorded a high enough credit for the company in 2012. Credit and Bank BTN financing grew 28.1% compared to credit and financing in 2011. As of December 31, 2012 credit and bank financing disbursed Rp 81.4 trillion BTN much higher than credit and financing disbursed in 2011 amounted to Rp 63.6 trillion. Credit growth is above the industry average growth rate that is about 23%.

Third Party Funds the company grew from Rp 61.9 trillion in 2011 to Rp 80.7 trillion in the same position in 2012. Third Party Funds Bank BTN in 2012 growth was 30.2%. This growth also exceeded the industry average. Total third party funds of national banks in 2012 amounted to 15.5%.

Financial ratios of Bank BTN per December 31, 2012 respectively 17.69% recorded for the CAR. NIM of 5.83%, NPL 3.26%, ROE of 18.23%. In general, financial ratios Bank BTN grow better than the same position in 2011.