Bank Tabungan Negara

Last updated

PT Bank Tabungan Negara (Persero) Tbk
List
    • Bank BTN (1998–2024)
    • BTN (2024–present)
Company type Public
IDX:  BBTN
IndustryFinance and Banking
Founded1897;127 years ago (1897) (as Postspaarbank)
9 February 1950;74 years ago (1950-02-09) (official founding date)
FounderGovernment of the Dutch East Indies
HeadquartersMenara BTN,
Gambir, Jakarta
,
Indonesia
Key people
  • Nixon Napitupulu (President Director)
  • Chandra Hamzah (President Commissioner)
[1]
Products
List
RevenueDecrease2.svg Rp 13.430 trillion (2023) [2]
Increase2.svg Rp 4,538 trillion (2023) [2]
Increase2.svg Rp 3.5 trillion (2023) [2]
Total assets Increase2.svg Rp 439 trillion (2023) [2]
Total equity Increase2.svg Rp 30,479 trillion (2023) [2]
Owner Government of Indonesia (60%)
Number of employees
Increase2.svg 12.045 (2023) [2]
Website btn.co.id

PT Bank Tabungan Negara (Persero) Tbk, lit. "National (State) Savings Bank", abbreviated and trading as BTN (currently stylized in its logo in all-lowercase), is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta. [3]

Contents

Founded in 1897 by the government of the Dutch East Indies as a post office savings bank, its products include banks accounts (savings, current, and fixed deposit), loans (personal, business, and mortgage loans—the latter being its most popular offering since its introduction in the 1970s) and Sharia-compliant banking services. [3]

History

Postspaarbank building in Batavia (1938) COLLECTIE TROPENMUSEUM Postspaarbank aan het Harmonieplein Batavia TMnr 10014098.jpg
Postspaarbank building in Batavia (1938)

Bank Tabungan Negara was established in 1897 as a postal savings bank under the name Postspaarbank, with its headquarters located in Batavia. During the Japanese occupation of Indonesia, the bank was frozen and replaced with the Savings Office (Japanese: 貯金局, Hepburn: Chokin-kyoku, Nihon-shiki: Tyokin-kyoku) After the proclamation of Indonesian independence, the bank was taken over by the Indonesian government on 9 February 1950 under the Emergency Law No.9 and renamed Bank Tabungan Pos (Postal Savings Bank). [4] In 1963 the bank's current name, Bank Tabungan Negara, was adopted. [5] Bank BTN became the first bank to be appointed by the government to provide housing finance and mortgages to lower and middle income individuals. [6]

The bank underwent a corporate restructure in 2003, which was followed by an initial public offering (IPO) in 2009 that led to the listing of Bank BTN on the Indonesia Stock Exchange. [7] The IPO was ranked as Indonesia's largest IPO as of 2009. [8]

The previous logo of Bank Tabungan Negara (BTN [9] ) consists of two main elements, namely logogram and logotype. The BTN logogram is a picture of a house which symbolizes a dream home. The previous BTN logotype consists of the words "BTN" using a sans-serif font and "Bank" in italic roman font.

BTN officially introduced the new logo to the public through its 74th anniversary celebration on 3 March 2024 at Indonesia Arena, Gelora Bung Karno Sports Complex, Jakarta. [10]

Operations

BTN building in Kebumen, Central Java Bank BTN Kebumen.jpg
BTN building in Kebumen, Central Java

Bank Tabungan Negara's operations are divided into six regions; Sumatera, Java, Bali & Nusa Tenggara, Kalimantan, Sulawesi, and Papua & Maluku. As of December 2014, these regions gave the bank a total of 820 branches, 2,951 post office access points, and 1,830 ATMs, served by 8,582 employees. [4]

Ownership

The stock of Bank Tabungan Negara is listed on the Indonesia Stock Exchange, where it trades under the symbol BBTN. As of 31 December 2014, shareholding in the bank's stock was as indicated in the table below: [4]

Bank Tabungan Negara Stock Ownership
RankName of OwnerPercentage Ownership
1 Government of the Republic of Indonesia 60.13
2Public, via the Indonesia Stock Exchange38.75
3Employee stock ownership plan1.12
Total100.00

Due to being majority held by the Indonesian government, Bank Tabungan Negara is considered to be one of the four state owned banks in Indonesia. [6]

Governance

As of the Annual General Shareholders Meeting on 6 March 2024, [11] [12] Bank Tabungan Negara (BTN) announced a reorganization of its board of directors and commissioners.

Board of Commisioners

Board of Directors

Sharia Supervisory Board [13]

See also

Related Research Articles

<span class="mw-page-title-main">Bank Mandiri</span> Indonesian bank

PT Bank Mandiri (Persero) Tbk or Bank Mandiri, headquartered in Jakarta, is the largest bank in Indonesia in terms of assets, loans and deposits. Total assets as of 2022, were 1.992 Trillion rupiah. As of 2022, Bank Mandiri is the largest bank in Indonesia by total assets.

<span class="mw-page-title-main">Bank Rakyat Indonesia</span> Indonesian bank

PT Bank Rakyat Indonesia (Persero) Tbk is one of the largest banks in Indonesia. It specialises in small scale and microfinance style borrowing from and lending to its approximately 30 million retail clients through its over 8,600 branches, units and rural service posts. It also has a comparatively small, but growing, corporate business. As of 2022, it is the second largest bank in Indonesia by asset.

Universitas Terbuka is Indonesia state university that employs an Open and Distance Learning (ODL) system to widen access to higher education to all Indonesian citizens, including those who live in remote islands throughout the country, and in various parts of the world. It has a total student body of 1,045,665. According to a distance education institution in the UK, which published "The Top Ten Mega Universities", UT-3 ranks closely with universities from China and Turkey.

<span class="mw-page-title-main">ATM Bersama</span> Indonesian interbank network

ATM Bersama is one of the interbank networks in Indonesia, connecting the ATM networks of twenty-one banks in Indonesia. It was established 1993 and is based on the model adopted by MegaLink, an interbank network in the Philippines.

<span class="mw-page-title-main">Bank Negara Indonesia</span> Indonesian state-owned banking company

Bank Negara Indonesia, is an Indonesian state-owned bank. It has branches primarily in Indonesia, but it can also found in Seoul, Singapore, Hong Kong, Tokyo, London and New York. It had 2,047 branches and more than 63 million customers in 2021. It is listed on the Indonesia Stock Exchange as "BBNI".

<span class="mw-page-title-main">CIMB</span> Malaysian Universal Bank

CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region.

The Jakarta Islamic Index (JII) is a stock market index established on July 3, 2000 on the Indonesia Stock Exchange (IDX) to help facilitate the trading of public companies according to Syariah business code. Following Islamic law prohibits a company from involving itself in activities related to gambling, speculation, and traditional banking and financing. The JII may not list equities that produce or distribute food, drink, or morally harmful items that stand in contradiction with Islamic values.

<span class="mw-page-title-main">Waskita Karya</span> Indonesian state-owned construction company

PT Waskita Karya (Persero) Tbk, trading as Waskita Karya, is an Indonesian state-owned construction company located in Cawang, Jakarta. It was the result of a January 1, 1961 nationalization of Volker Aannemings Maatschappij NV, the Indonesian branch of what would become VolkerWessels. Waskita specializes in commercial and residential building contracts.

<span class="mw-page-title-main">CIMB Niaga</span> Indonesian company

PT Bank CIMB Niaga Tbk is Indonesia's sixth largest bank by assets, established in 1955. CIMB Niaga, which is majority-owned by CIMB Group, is the largest payment bank in terms of transaction value under the Indonesian Central Securities Depository. With 11% of market share, CIMB Niaga is the third largest mortgage provider in Indonesia.

Bank Muamalat Indonesia (BMI) is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia. The bank's operations began in 1 May 1992 with foreign exchange service began in 1994. Funding products apply the principles of wadiah (deposit) and mudarabah (profit-sharing). Financing products apply the principles of bai’, musharakah, mudarabah, and ijarah (rent). Bank Muamalat serves nearly 3,000,000 customers throughout Indonesia and Malaysia.

tvOne with legal name PT Lativi Media Karya is an Indonesian free-to-air news television network based in East Jakarta. tvOne is owned by Visi Media Asia, a unit of Bakrie Group.

<span class="mw-page-title-main">Permata Bank</span> Indonesian company

Permata Bank is a bank in Indonesia, headquartered in the capital city Jakarta. It has officially become a BUKU IV bank after receiving confirmation from the Financial Services Authority (OJK) on 20th January 2021. Serving nearly four million customers in 62 cities of Indonesia, it has 304 branch offices and two mobile branches. Currently, the bank is led by Meliza Musa Rusli as the CEO.

<span class="mw-page-title-main">Financial Services Authority (Indonesia)</span> Indonesian financial services authority

Financial Services Authority is an Indonesian government agency which regulates and supervises the financial services sector. Its head office is in Jakarta.

Jakarta BNI 46 is a men's and women's volleyball team based in Jakarta, Indonesia. The team plays in Proliga. They had represented Indonesia in Men's and Women's AVC Club Championships in 2006 and 2010.

<span class="mw-page-title-main">Pertamina Energy Tower</span> Office, observation, energy in South Jakarta, Indonesia

Pertamina Energy Tower was a 99-storey, 523-metre (1,716 ft) proposed skyscraper in Jakarta, Indonesia. It was designed and planned by Skidmore, Owings & Merrill LLP (SOM), a private architecture and engineering company, and it was supposed to be the new HQ of the state-owned energy company Pertamina.

PT Bank OCBC NISP Tbk, trading as OCBC Indonesia, is an Indonesian publicly listed banking and financial services company headquartered in South Jakarta, Indonesia. The bank is owned by Singaporean banking and financial group, OCBC Bank, which holds 85.1% of shares. OCBC is an Indonesia's 8th largest bank by assets and has 337 branches and offices and 780 ATMs located across the country.

In Indonesia, state-owned enterprises play an important role in the national economy. Their roles includes contributor for national economy growth, providing goods or services which are not covered by private company, employment provider, providing support guidance to small and medium businesses, and source of government revenue. The Ministry of State Owned Enterprises represents the government's function as a shareholder of most of those companies, while some are represented by the Ministry of Finance.

Bank Syariah Indonesia is a state-owned Islamic bank in Indonesia. The bank was officially founded on 1 February 2021 as a result of merger between state-owned sharia banks.

<span class="mw-page-title-main">Dukuh Atas LRT Station</span> LRT station in Indonesia

Dukuh Atas LRT Station is a light rail station located within the Dukuh Atas TOD in Jalan Setia Budi Tengah, Kuningan Timur, Setiabudi, South Jakarta, Jakarta, Indonesia. The station, which is located at an altitude of +27.9 meters, serves the Cibubur and Bekasi lines of the Jabodebek LRT system.

References

  1. ↑ "Breaking: BTN Tunjuk Nixon LP Napitupulu Jadi Dirut Baru". CNBC Indonesia. Retrieved 22 February 2024.
  2. 1 2 3 4 5 6 "Laporan Tahunan 2023" (PDF) (in Indonesian). btn. Retrieved 22 February 2024.
  3. 1 2 "Profile: Bank Tabungan Negara (Persero) Tbk PT (BBTN.JK)". Reuters . Thomson Reuters . Retrieved 22 November 2015.
  4. 1 2 3 "PT Bank Tabungan Negara (Persero) Tbk. 2014 Annual Report" (PDF). Bank BTN. 31 December 2014. Retrieved 26 November 2015.
  5. ↑ "History of Bank BTN". Bank BTN. Retrieved 26 November 2015.
  6. 1 2 "PT Bank Tabungan Negara (Persero) Tbk – Roadshow Presentation October 2012" (PDF). Bank BTN. Retrieved 26 November 2015.
  7. ↑ "Harga Saham IPO BTN Rp800 Per Lembar". ANTARA News. 2 December 2009. Retrieved 26 November 2015.
  8. ↑ "CIMB Group – 2009 Annual Report" (PDF). CIMB Group. 31 December 2009. Retrieved 26 November 2015.
  9. ↑ "5 Logo Bank BUMN Di Indonesia ( BRI, MANDIRI, BNI, BSI, BTN) - Jasalogocepat.com". 11 December 2023. Retrieved 13 December 2023.
  10. ↑ "BTN Ganti Logo Baru, Begini Maknanya!". rizensia (in Indonesian). 3 March 2024. Retrieved 3 March 2024.
  11. ↑ Arini, Shafira Cendra (6 March 2024). "Gelar RUPS, BTN Tebar Dividen Rp 700,19 Miliar". Detik. Retrieved 7 March 2024.
  12. ↑ Aprilia, Zefanya (6 March 2024). "Hasil RUPS BTN 2024: Dua Eks Direktur BNI dan Pejabat OJK Merapat". CNBC Indonesia. Retrieved 7 March 2024.
  13. ↑ "Manajemen BTN". BTN. 8 March 2024. Retrieved 8 March 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.