JAKARTA – PT Bank Tabungan Negara (Persero) Tbk (BBTN) booked a net profit of IDR 1.7 trillion, up 13.6% year-on-year in the first half of 2025.

BBTN’s President Director, Nixon LP Napitupulu, explained that net profit growth was driven by loan interest income, which surged 23.5% to IDR 18.50 trillion as of June 2025.

“This growth far outpaced the increase in interest expenses, which only rose 2.3%,” Nixon said in an official statement on Wednesday (27/8).

This condition generated net interest income of IDR 9.34 trillion and pushed the net interest margin (NIM) up by 139 basis points to 4.4% by the end of June 2025, compared with 3.0% previously.

Meanwhile, the cost-to-income ratio (CIR) improved significantly to 43.8% from 58.8%.

“BTN has managed to maintain profitability thanks to consistent strategy and commitment in carrying out its intermediation function,” Nixon added.

On the funding side, BBTN recorded third-party funds (DPK) growth of 11.2% to IDR 406.38 trillion in the first half of 2025, outpacing the banking industry’s DPK growth of only 6.6%.

According to Nixon, the increase in DPK aligns with the company’s strategy to strengthen its funding base, particularly low-cost funds (Current Account Saving Account/CASA) from retail and institutional segments.

Meanwhile, BBTN’s loan and financing disbursement grew 6.8% to IDR 376.11 trillion as of June 2025.

Loan growth was mainly supported by the housing sector, which rose 6.2% to IDR 317.77 trillion, while non-housing loans grew at a higher pace of 10.5% to IDR 58.34 trillion.

In the housing sector, subsidised mortgages (KPR) rose 6.5% to IDR 182.17 trillion, while non-subsidised mortgages increased 8.8% to IDR 110.72 trillion. (DK/ZH)