PT Bank Tabungan Negara (Persero) Tbk

Logo used since 2008
Trade name	Bank BTN
Company type	Public
Traded as	IDX: BBTN
Industry	Finance and Banking
Founded	1897; 127 years ago (1897)
Founder	Government of the Dutch East Indies
Headquarters	Menara BTN, Gambir, Jakarta , Indonesia
Key people	Nixon Napitupulu (Direktur Utama) Chandra Hamzah (Komisaris Utama) [1]
Products	List Loans mortgages investments debit cards credit cards Sharia banking
Revenue	Rp 13,430 triliun (2023)[2]
Operating income	Rp 4,538 triliun (2023)[2]
Net income	Rp 3,5 triliun (2023)[2]
Total assets	Rp 439 triliun (2023)[2]
Total equity	Rp 30,479 triliun (2023)[2]
Owner	Government of Indonesia (60%)
Number of employees	12.045 (2023)[2]
Website	btn.co.id

PT Bank Tabungan Negara (Persero) Tbk (lit. "State Savings Bank"), trading as Bank BTN, is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta.^[3]

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

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]

Operations

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^[update], shareholding in the bank's stock was as indicated in the table below:^[4]

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

Bank Tabungan Negara is governed by a six-person Board of Commissioners. As of September 2015^[update], Chandra M. Hamzah became the President Commissioner, succeeding Mardiasmo.^[9] The President Director as of December 2015^[update] is Maryono.^{[4][needs update]}