01 February 2019

PT Bank BTPN Tbk Officially Commences Its Operation


Jakarta, 1 February 2019 – Today, PT Bank BTPN Tbk (Bank BTPN) officially commences its operation as a new bank as a result from the merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI). Bank BTPN will become a universal bank that serves a full spectrum of Indonesia’s customer segments, from the mass market (retail) to corporate.

 

“The new-merged bank is an ideal combination between BTPN which focused on the mass market segment and small medium enterprises (SME) and SMBCI that focused in the corporate segment. Each of the banks has different yet complimentary business segments and model,” said Ongki Wanadjati Dana, Bank BTPN President Director.

 

Bank BTPN has a vision to be Indonesia’s most preferred bank which makes a meaningful difference in the lives of millions powered by technology. Bank BTPN is believed to be a larger and stronger bank that will contribute more to the country’s economy.

 

Having assets of Rp 189,92 trillion (pro forma as of December 2018), Bank BTPN becomes one of the top 10 largest banks in Indonesia in terms of assets. “Leveraging the SMBC’s global support and digital banking technology, Bank BTPN has the capabilities and opportunities to provide lending to a wider industry segments and more focused services to our customers,” Ongki explained.

 

There are three main strategic focus of Bank BTPN after the merger. First, ensuring a smooth integration and synergy of processes between both banks.

 

Secondly, focusing on the development of the existing core businesses that has been established in both banks. “We will continue to develop our pension business, micro, small and medium enterprises business, funding business, digital banking business through BTPN Wow! and Jenius, as well as corporate business owned by SMBCI before,” Ongki explained.

 

Using its experience in developing and launching new businesses, Bank BTPN has the potential to develop untouched market segments, including the mid-size corporate and large SME segment (commercial), as well as expanding the scope of its retail business.

 

Thirdly, as a pioneer in the digital banking, Bank BTPN will continue our digital innovation and transformation. Innovation is carried out by increasing the business scale of BTPN Wow! and Jenius as platforms to serve a wider customer segment. While the transformation is carried in the digitalization of the pension, micro and SME business to increase the productivity and competitiveness.

 

“This is the start of Bank BTPN’s journey to be a larger and stronger bank. We believe Bank BTPN will be able to be Indonesia’s most preferred bank which empower millions of people in Indonesia towards greater significance,” Ongki closed in a statement.


For further information please contact:


PT Bank BTPN Tbk
Andrie Darusman – Daya & Corporate Communications Head
Telp: 021-30026200
Email: andrie.darusman@btpn.com or corporate.communications@btpn.com

 

Bank BTPN in brief

Bank BTPN is a foreign exchange bank and is a merger between PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI). Bank BTPN is focusing to serve the mass market segment comprising of retirees, micro-, small- and medium-enterprises (MSME) and mass market; the consuming class segment; and corporate segment. The business focuses are supported by Bank BTPN business units including BTPN Sinaya– a financing business unit, BTPN Purna Bakti– a business unit focusing to serve retirees, BTPN Mitra Usaha Rakyat– a business unit focusing on micro businesses, BTPN Mitra Bisnis– a business unit focusing on serving small and medium enterprises, BTPN Wow!– a financial inclusiveness focusing on the unbanked segment, Jenius– a digital banking platform serving the consuming class segment, and corporate business unit which focuses on serving national, multinational and Japanese companies. BTPN also has a subsidiary namely theBTPN Syariahwhich focuses on serving customers from the mass market. Through the Daya Program, which is a sustainable and measurable empowerment program for the mass market, Bank BTPN regularly gives training and information to improve the customers’ capacity so they can grow and have a chance to live better.