15 February 2019

Bank BTPN Annual Shareholders Meeting Agree not to distribute dividends


JAKARTA, February 15, 2019 – The Annual Shareholders Meeting of PT Bank BTPN Tbk approved the 2018 financial statement of PT Bank Tabungan Pensiunan Nasional Tbk (BTPN) and PT Bank Sumitomo Mitsui Indonesia (SMBCI). The meeting also agreed not to distribute dividends to shareholders.

 

“We thank our shareholders who made this decision to use all the net profit as company reserves and retained earnings. This [decision] reflects a strong commitment from shareholders in supporting the growth of Bank BTPN in the future,” said Ongki Wanadjati Dana, President Director of Bank BTPN.

 

Ongki explained that the shareholders’ decision to not take the dividents reflected their long-term commitment so that Bank BTPN could continue growing. This decision is in line with the Bank BTPN’s plan in expanding the new business segment and compete in a higher level. “After officially merged with PT Bank Sumitomo Mitsui Indonesia (SMBCI), we will enter into the corporate business, develop the commercial segment and explore new business opportunities,” he said.

 

Until December 2018, Bank BTPN’s total assets reached Rp 101.9 trillion, 7% higher compared to the year before (year on year/yoy) of Rp 95.5 trillion. The bank’s net profit after tax (NPAT) was Rp 1.97 trillion, or grew by 61%. Meanwhile, SMBCI recorded a 15% increase in total assets to Rp 88.0 trillion and posted net profit of Rp 990 billion, 14% higher from the same period.

 

The shareholders meeting also decided to appoint all members of the board of directors and the board of commissioners who started working on February 1, 2019 and would end their tenure at the 2022 shareholders meeting.


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.