Bank Tabungan Negara

Indonesian banking company

PT Bank Tabungan Negara (Persero) Tbk
Logo since 3 March 2024
BTN Tower (Menara BTN; right)
Trade name	List Bank BTN (1998–2024) BTN (2024–present)
Company type	Public
Traded as	IDX: BBTN
Industry	Finance and Banking
Founded	1897; 127 years ago (1897) (as Postspaarbank) 9 February 1950; 74 years ago (1950-02-09) (official founding date)
Founder	Government of the Dutch East Indies
Headquarters	Menara BTN, Gambir, Jakarta , Indonesia
Key people	Nixon Napitupulu (President Director) Chandra Hamzah (President Commissioner) ^[1]
Products	List Loans mortgages investments debit cards credit cards Sharia banking
Revenue	Rp 13.430 trillion (2023)^[2]
Operating income	Rp 4,538 trillion (2023)^[2]
Net income	Rp 3.5 trillion (2023)^[2]
Total assets	Rp 439 trillion (2023)^[2]
Total equity	Rp 30,479 trillion (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. "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]

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]

Logo

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]

BTN's previous logo used from 1980s until 1992
BTN's previous logo used from 1992 to 1998
BTN's first version of the previous logo in form of "Bank BTN" used from 1998 until 2008
BTN's second version of the previous logo in form of "Bank BTN" used from 2008 until 3 March 2024
BTN's current logo used since 3 March 2024

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]

**Bank Tabungan Negara Stock Ownership**
Rank	Name of Owner	Percentage Ownership
1	Government of the Republic of Indonesia	60.13
2	Public, via the Indonesia Stock Exchange	38.75
3	Employee stock ownership plan	1.12
	Total	100.00

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

Commissioner President/Independent: Chandra M. Hamzah
Vice Commissioner President/Independent: Iqbal Latanro
Independent Commissioners: Armand B. Arief, Sentot A. Sentausa, Adi Sulistyowati, Bambang Widjanarko
Commisioners: Herry Trisaputra Zuna, Himawan Arief Sugoto, Andin Hadiyanto

Board of Directors

President Director: Nixon L.P. Napitupulu
Vice President Director: Oni Febrianto Rahardjo
Director of Information Technology: Andi Nirwoto
Director of Assets Management: Elisabeth Novie Riswanti
Director of Distribution and Institutional Funding: Jasmin
Director of Risk Management: Setiyo Wibowo
Director of Consumer: Hirwandi Gafar
Director of Finance: Nofry Roni Poetra
Director of Human Capital, Compliance, and Legal: Eko Waluyo
Director of Operations and Consumer Experience: Hakim Putratama
Director of SME and Retail Funding: Muhammad Iqbal

Sharia Supervisory Board^[13]

Chairman: Prof. Dr. H. Muhammad Quraish Shihab, MA
Members: H. Mohammad Bagus Teguh Perwira, Lc, H. Muhammad Faiz, Lc, MA

References

Wikimedia Commons has media related to Bank Tabungan Negara.

^ "Breaking: BTN Tunjuk Nixon LP Napitupulu Jadi Dirut Baru". CNBC Indonesia. Retrieved 22 February 2024.
^ ^a ^b ^c ^d ^e ^f "Laporan Tahunan 2023" (PDF) (in Indonesian). btn. Retrieved 22 February 2024.
^ ^a ^b "Profile: Bank Tabungan Negara (Persero) Tbk PT (BBTN.JK)". Reuters. Thomson Reuters. Retrieved 22 November 2015.
^ ^a ^b ^c "PT Bank Tabungan Negara (Persero) Tbk. 2014 Annual Report" (PDF). Bank BTN. 31 December 2014. Retrieved 26 November 2015.
^ "History of Bank BTN". Bank BTN. Retrieved 26 November 2015.
^ ^a ^b "PT Bank Tabungan Negara (Persero) Tbk – Roadshow Presentation October 2012" (PDF). Bank BTN. Retrieved 26 November 2015.
^ "Harga Saham IPO BTN Rp800 Per Lembar". ANTARA News. 2 December 2009. Retrieved 26 November 2015.
^ "CIMB Group – 2009 Annual Report" (PDF). CIMB Group. 31 December 2009. Retrieved 26 November 2015.
^ "5 Logo Bank BUMN Di Indonesia ( BRI, MANDIRI, BNI, BSI, BTN) - Jasalogocepat.com". 11 December 2023. Retrieved 13 December 2023.
^ "BTN Ganti Logo Baru, Begini Maknanya!". rizensia (in Indonesian). 3 March 2024. Retrieved 3 March 2024.
^ Arini, Shafira Cendra (6 March 2024). "Gelar RUPS, BTN Tebar Dividen Rp 700,19 Miliar". Detik. Retrieved 7 March 2024.
^ Aprilia, Zefanya (6 March 2024). "Hasil RUPS BTN 2024: Dua Eks Direktur BNI dan Pejabat OJK Merapat". CNBC Indonesia. Retrieved 7 March 2024.
^ "Manajemen BTN". BTN. 8 March 2024. Retrieved 8 March 2024.

Banks in Indonesia

Central bank: Bank Indonesia

Conventional banks
State-owned banks	Bank Mandiri (Bank Mandiri Taspen) Bank Negara Indonesia (Bank Raya Indonesia) Bank Rakyat Indonesia (Bank Mayora) Bank Tabungan Negara
National private foreign exchange banks	Bank Anda Bank Artha Graha Internasional Bank Bukopin Bank Bumi Arta Bank Capital Indonesia Bank Central Asia Bank CIMB Niaga Bank Danamon Bank Ekonomi Raharja Bank Ganesha Bank Hana Bank ICB Bumiputera Bank ICBC Indonesia Bank Index Selindo Bank Maybank Indonesia Bank Maspion Bank Mayapada Bank Mega Bank Mestika Dharma Bank Metro Express Mutiara Bank Bank Nusantara Parahyangan Bank OCBC NISP Bank of India Indonesia Panin Bank Bank Permata Bank QNB Kesawan Bank SBI Indonesia Bank Sinarmas Bank UOB Indonesia Bank Woori Saudara
National private non foreign exchange banks	Anglomas Internasional Bank Bank Andara Bank Artos Indonesia Bank Bisnis Internasional Centratama Nasional Bank Bank Dipo International Bank Fama Internasional Bank Harda Internasional Bank Ina Perdana Bank Jasa Jakarta Bank Kesejahteraan Ekonomi Bank Liman International Bank Mayora Bank Mitraniaga Bank Multi Arta Sentosa Bank Nationalnobu Prima Master Bank Bank Royal Indonesia Bank Sahabat Purba Danarta Bank Sinar Harapan Bali Bank Tabungan Pensiunan Nasional Bank Victoria Internasional Bank Yudha Bhakti
Regional banks	Bank Banten Bank Bengkulu Bank BJB Bank BPD Bali Bank BPD DIY Bank DKI Bank Jambi Bank Jateng Bank Jatim Bank Kalbar Bank Kalsel Bank Kalteng Bankaltimtara Bank Lampung Bank Maluku Bank Nagari Bank NTT Bank Papua BRK Syariah Bank Sulsel Bank Sultra Bank Sulteng Bank BSG Bank Sumsel Babel Bank Sumut
Joint-venture banks	Bank ANZ Indonesia Bank Commonwealth Bank Agris Bank BNP Paribas Indonesia Bank Capital Indonesia Bank Chinatrust Indonesia Bank DBS Indonesia Bank KEB Indonesia Bank Mizuho Indonesia Bank Rabobank International Indonesia Bank Resona Perdania Bank Sumitomo Mitsui Indonesia Bank Windu Kentjana International Bank Woori Indonesia
Foreign banks	Bank of America Bangkok Bank Bank of China Citibank Deutsche Bank HSBC JPMorgan Chase Royal Bank of Scotland Standard Chartered Bank of Tokyo-Mitsubishi UFJ

Sharia banks
State-owned banks	Bank Syariah Indonesia
National private foreign exchange banks	BCA Syariah Bank BJB Syariah Bank DKI Syariah Bank BRI Syariah Bank Mega Syariah Bank Muamalat Panin Bank Syariah Bank Syariah Bukopin Bank Victoria Syariah
Regional banks	Bank Aceh Syariah Bank NTB Syariah
Joint-venture banks	CIMB Niaga Syariah Bank Maybank Syariah Indonesia

Sharia business units of conventional banks
National private foreign exchange banks	Bank Danamon Syariah OCBC NISP Syariah Bank Permata Syariah
Regional banks	Bank BPD DIY Syariah Bank Kalbar Syariah Bank Kalsel Syariah Bank Riau Kepri Syariah Bank Sumsel Babel Syariah Bank Sumut Syariah
Foreign banks	HSBC Amanah