Analyst Meeting per 31 Desember 2015
ANALYST MEETING
PT Bank Tabungan Negara (Persero) Tbk.
Business & Financial Performances
as of December 31, 2015
Jakarta, February 4th 2016
Disclaimer
IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this presentation
This presentation contains privileged information and has been prepared solely for the recipient(s). By accepting a copy (or the contents) of this presentation, you
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(Persero) Tbk. (“BTN” or the “Company”).
This presentation does not constitute or form part of any offer for sale or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither
this document nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to
purchase or subscribe for securities should be made only on the basis of the information contained in a prospectus or offering circular issued by the Company in
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2
Outline
Page
Macro Economy
4
Initiatives Done In 2015
9
Performance Overview
15
Sharia Business
38
Appendices
40
3
1. Macro Economy
4
Updates on Macro Economy
On 13-14th January 2016, BI lowered the BI Rate to
7.25%, after stayed at 7.5% since February 2015. The
decision was made due to monetary easing particularly the
reduced global uncertainty post-FFR hike.
Annual inflation for 2015 stood at 3.35%, which is within
the BI target of 4+1%.
Economic growth picked up to 4.73% (yoy) in the
3Q of 2015. It was projected to continue improving
through the 4Q as the government continues to
expedite infrastructure projects and release the policy
packages to attract private investment.
5
Updates on Banking System
Loan growth has remained vulnerable to sluggish economic growth and escalating currency risk. It was slowing
down to 9.85% (yoy) in November 2015, from 11.58% (yoy) in December 2014.
Deposit growth also decelerated to 7.7% (yoy) in November 2015, from 12.29% in December 2014, primarily due
to a decline in time deposits.
NPL stood at 2.66% (gross) in November 2015, jumped from 2.16% in December 2014. It was due to slow
economic growth and the depreciation of Rupiah that affect the borrowers.
In an effort to boost loan growth, in August 2015 the OJK issued a regulation on temporary economic stimulus for
banks, The stimulus includes a reduction of the RWA ratio for insured-credit programs, and leniency for banks to
restructure loans.
6
Updates on Housing Industry
Residential Property Index
The growth of Residential Property Price Index in
quarter III-2015 decelerated in both quarterly (0.99%,
qtq) and annually (5.46%, yoy). The trend was also
predicted to persist into quarter IV-2015. Rising Prices of
building materials, higher wages and more expensive
fuel prices as the main determinants of rising residential
property prices.
Developers confirmed a slump in residential property
sales growth during third quarter of 2015, with survey
results indicating a downturn from 10.84% (qtq) to
7.66% (qtq). The slowdown affected all house types,
especially medium houses.
Growth of Property Sales (% qtq)
Weaker property sales were also corroborated by a
deceleration in housing loan growth to 1.08% (qtq) in
quarter III-2015.
Source: Bank Indonesia Residential Property Survey for Primary House
7
INITIATIVES DONE IN 2015
• TRANSFORMATION PHASE 2 DIGITAL BANKING PERIOD
• 1 MILLION HOUSES PROGRAM
• LOAN PROCESS IMPROVEMENT
• DIGITAL & BRANCHLESS BANKING DEVELOPMENT
8
Transformation Road Map
9
1 Million Houses Program
Bank BTN has become the anchor of the Government One Million Houses Program to reduce the
backlog of housing in Indonesia
BTN 5IAP
FUNDING
BUSINESS
PROCESS
INFORMATION
TECHNOLOGY
HUMAN
CAPITAL
HOUSING
SUPPLY
10
Achievement of 1 Million Houses Program
Loan Type
2015 Target
Unit
Progress as of 31 December 2015
Mortgage Disbursed
Unit
IDR Billion
Construction Loans in Progress
Unit
IDR Billion
Total
Unit
Progress
IDR Billion
Subsidized Mortgage
331,000
125,422
12,761
161,325
6,587
286,747
19,348
86.63%
Non Subsidized Mortgage
100,000
54,054
13,453
133,298
19,651
187,352
33,104
187.35%
TOTAL
431,000
179,476
26,214
294,623
26,238
474,099
52,452
110.00%
11
Loan Process Improvement
Bank BTN has improved its loan business process, in
order to improve asset quality
Front-End
• Implementation of Four-eyes principles
• Improvement of credit scoring model
• Increase competence of loan analyst
• Set up credit risk units
Middle-End
• Tight monitoring on borrowers business & collateral
• Improvement of Loan Monitoring System (iCremo)
Back-End
• Adding field collectors
• Improvement of Consumer Collection & Remedial
& Asset Management Organization
• Improvement of collection system (iColl)
• Asset sales through investor gathering, BTN Property
Website, Auction Body, Exhibition & Property Agents
12
Digital & Branchless Banking Development
In order to support the growth of low-cost third party funds, branchless banking, as well as
financial inclusion in Indonesia, Bank BTN has developed digital banking transactions and
promoted in the Government program LAKU PANDAI .
13
Result Summary
Despite of the economy slow down, BBTN recorded a satisfying result in the year of 2015.
Total assets grew by 18.83% (yoy) to Rp171.81 trn, mainly driven by growth on loan and deposit.
Total loans increased by 19.88% (yoy) to Rp 138.96 trn, much higher than system s growth of 9.85% (as of
November 2015). Loan growth has been driven by Housing Loans, particularly Subsidized Mortgages &
Construction Loans, as part of BTN s support to the One Million Houses Program. As a result, we are still
sustaining the leadership of mortgage in Indonesia by 30.6%.
Deposits have been successfully managed to support loan growth. Deposits rose by 19.97% to Rp 127.75 trn.
Current accounts marked the biggest growth at 32.93%.
Net profit increased by 61.57% (yoy) to Rp1.85 trn, due to lesser pressures on cost of funds as well as asset
quality improvement. Interest income growth (16.39%) was exceeding interest expense (10.23%). Net interest
income grew by 25.26%, while fee based income also increased by 22.29%.
NPL was 3.42%, improved from 4.01% in December 2014. The achievement was made through improvement of
collection management system, collateral sale and business process improvement in new loan acquisitions.
Profitability has picked up. NIM increased from 4.47% to 4.87%, while ROA and ROE expanded from 1.14% and
10.92% in December 2014 to 1.61% and 16.84% in December 2015 respectively.
Coverage Ratio has gradually increased from 33.77% to 43.14% in December 2015 as provisions increased by 16%
14
2. Performance Overview
15
Financial Highlight
(IDR Billion)
FY 2011
Total Asset
Total Loan & Financing
Total Deposits
Equity
Net Profit
Earning per Share (IDR)
CAR (Tier 1)
CAR (BI)
NPL (Gross)
NPL (Net)
NIM
C I R *)
COVERAGE RATIO
ROE
ROA
LDR
Note : Reclassified
89,121
63,564
61,974
7,322
1,119
123
14.20%
15.03%
2.75%
2.23%
5.76%
51.66%
54.11%
17.65%
2.03%
102.56%
FY 2012
111,749
81,411
80,688
10,279
1,364
148
16.95%
17.69%
4.09%
3.12%
5.83%
49.71%
29.48%
18.23%
1.94%
100.90%
FY 2013
131,170
100,467
96,213
11,557
1,562
148
14.91%
15.62%
4.05%
3.04%
5.44%
50.86%
27.97%
16.05%
1.79%
104.42%
FY 2014
144,582
115,916
106,479
12,252.9
1,146
108
14.05%
14.64%
4.01%
2.76%
4.47%
57.21%
33.77%
10.95%
1.14%
108.86%
FY 2015
171,808
138,956
127,746
13,860
1,851
175
14.86%
16.97%
3.42%
2.11%
4.87%
50.08%
43.14%
16.84%
1.61%
108.78%
y.o.y
INDUSTRY
(NOV 2015)
18.83%
9.29%
19.88%
9.85%
19.97%
7.70%
13.12%
61.57% -8.25% (Aug)
62.04%
21.12%
2.66%
5.20%
2.30%
90.47%
16
Balance Sheet
IDR Billion
FY 2011
FY 2012
FY 2013
FY 2014
FY 2015
y.o.y
Total Assets
Total Earning Assets
- Term Deposit with BI
- Loans and Financing
- Securities
- Other Earning Assets
Provision on Earning Asset
Others
89,121
81,401
9,475
63,564
7,846
517
(954)
8,675
111,749
101,538
10,867
81,411
8,491
769
(997)
11,208
131,170
118,305
4,834
100,467
12,595
408
(1,148)
14,013
144,582
132,192
1,496
115,916
13,684
1,095
(1,581)
13,972
171,808 18.83%
157,049 18.80%
7,529 403.15%
138,956 19.88%
10,001 -26.92%
562 -48.65%
(2,064) 30.55%
16,823 20.41%
Deposits
Securities Issued
Deposits from Other Banks
Repurchase Agreements
Borrowings
Others
Equity
61,974
5,438
808
4,450
5,693
3,436
7,322
80,688
7,137
741
2,335
6,734
3,834
10,279
96,213
8,837
285
2,653
7,070
4,556
11,557
106,479
7,939
1,770
3,818
6,996
5,329
12,253
127,746
10,937
3,255
2,135
7,725
6,151
13,860
19.97%
37.76%
83.94%
-44.07%
10.41%
15.42%
13.12%
17
Asset Composition
Total Assets
(IDR Trillion)
Assets Composition
(%)
18
Earning Asset Composition
Total Earning Asset
(IDR Trillion)
Earning Asset Compositions 2015
(%)
19
Loans Composition
31-Dec-11
L oans Type
Rp. Bn
S hares
31-Dec-12
IDR Bn
S hares
31-Dec-13
IDR Bn
S hares
31-Dec-14
IDR Bn
S hares
31-Dec-15
IDR Bn
S hares
y.o.y
Hous ing L oans
55,805
87.79%
70,223
86.26%
87,005
86.60%
102,614
88.52%
124,927
89.90% 21.74%
S ubs idized Mortgages
Non-S ubs idized Mortgages
Other Hous ing Loans
Cons truction Loan
25,804
18,611
4,199
7,191
40.60%
29.28%
6.61%
11.31%
25,562
29,129
6,070
9,462
31.40%
35.78%
7.46%
11.62%
28,429
39,548
7,198
11,829
28.30%
39.36%
7.16%
11.77%
34,347
45,601
8,179
14,486
29.63%
39.34%
7.06%
12.50%
43,527
53,567
8,934
18,900
31.32% 26.73%
38.55% 17.47%
6.43% 9.23%
13.60% 30.47%
Non-Hous ing L oans
7,759
12.21%
11,187
13.74%
13,463
13.40%
13,302
11.48%
14,029
10.10%
Cons umer Loan
Commercial Loan
1,463
6,296
2.30%
9.90%
1,923
9,264
2.36%
11.38%
2,597
10,865
2.59%
10.81%
2,916
10,386
2.52%
8.96%
3,839
10,190
Total L oans
63,564 100.00%
81,411 100.00%
100,467 100.00%
115,916 100.00%
Gross Loan
Housing and Non-Housing Loans
(IDR Trillion)
(%)
Note : Figures on all graphs Include Sharia financing
5.46%
2.76% 31.63%
7.33% -1.88%
138,956 100.00% 19.88%
20
Growth in Mortgages
Total Mortgages
Mortgage Composition
(IDR Billion)
(%)
Subsidized Mortgages
Non Subsidized Mortgages
(IDR Billion)
(IDR Billion)
Note : Figures on all graphs Include Sharia financing
21
Loan Disbursement
IDR Trillion
IDR Billion
L oans T ype
F Y 2011
F Y 2012
F Y 2013
F Y 2014
F Y 2015
y.o.y
IDR Bio
Hous ing L oans
S ubs idized Mortgages
Non-S ubs idized Mortgages
18,789
5,896
5,340
28,041
4,213
12,479
33,955
6,506
14,286
34,029
7,960
12,629
41,812
12,771
13,404
22.87%
60.43%
6.13%
Other Hous ing
1,540
2,659
2,500
2,416
2,418
0.08%
Cons truction Loan
Non-Hous ing L oans
Cons umer Loan
Commercial Loan
6,013
6,384
900
5,484
8,690
9,679
1,809
7,870
10,663
10,338
2,389
7,949
11,023
7,569
2,564
5,005
13,219
9,434
4,268
5,166
19.92%
24.64%
66.47%
3.22%
25,173
37,720
44,293
41,598
51,246
23.19%
Total L oans
Note : Figures on graph and table Include Sharia financing
22
Loan Quality (1/2)
Gross NPL
Net NPL
(%)
(%)
Note : Figures on all graphs Include Sharia financing
23
Loan Quality (2/2)
31-Dec-11
Collectibility
Current
Special Mentioned
PL
Substandard
Doubtful
Loss
NPL
PL + NPL
NPL Gross
NPL Netto
Loan Type
IDR Bn
54,052
7,767
61,819
178
199
1,368
1,745
63,564
2.75%
2.23%
Share
31-Dec-12
IDR Bn
85.04%
12.22%
97.25%
0.28%
0.31%
2.15%
2.75%
100.00%
31-Dec
31-Dec
Share
31-Dec-13
Rp. Bn
68,420
9,665
78,085
686
542
2,098
3,326
81,411
4.09%
3.12%
84.04%
84,301
11.87%
12,101
95.91%
96,402
0.84%
458
0.67%
457
2.58%
3,151
4.09%
4,066
100.00% 100,467
4.05%
3.04%
31-Dec
31-Dec
Share
Rp. Bn
83.91%
12.04%
95.95%
0.46%
0.45%
3.14%
4.05%
100.00%
95,262
16,004
111,266
338
454
3,859
4,650
115,916
4.01%
2.76%
Share
31-Dec-15
Rp. Bn
Share
82.18% 116,887 84.12%
13.81%
17,316 12.46%
95.99% 134,203 96.58%
0.29%
250
0.18%
0.39%
359
0.26%
3.33%
4,144
2.98%
4.01%
4,753
3.42%
100.00% 138,956 100.00%
3.42%
2.11%
31-Dec
(Gross)
Housing Loans
Subsidized Mortgage
Non-Subsidized Mortgage
Other Housing Loans
Construction Loan
Non-Housing Loans
Consumer Loan
2011
2.74%
2.37%
2.88%
2.78%
3.66%
3.14%
1.30%
2012
3.93%
5.00%
2.90%
3.08%
4.74%
5.08%
2.00%
2013
3.80%
5.24%
2.61%
3.17%
4.75%
5.60%
2.03%
2014
3.43%
3.96%
2.51%
3.47%
5.13%
8.51%
2.55%
2015
2.79%
2.48%
2.57%
3.44%
3.81%
9.02%
2.17%
Commercial Loan
Total Loans
3.60%
2.75%
5.72%
4.09%
6.63%
4.05%
10.16%
4.01%
11.57%
3.42%
Note : Figures on all tables Include Sharia financing
31-Dec-14
24
Liabilities
Total Liabilities
Funding Composition
(IDR Trillion)
(IDR Trillion)
Funding Composition 2015
(%)
25
Deposits
Total Deposits Mix
Total Deposits
(IDR Trillion)
(IDR Trillion)
Deposits
Current Account
Savings Account
Time Deposits
Total
FY 2011
13.15
14.82
34.01
61.97
FY 2012
13.27
21.54
45.88
80.69
FY 2013 FY 2014 FY 2015 y.o.y
19.12
23.23
30.88 32.93%
24.24
25.55
29.87 16.93%
52.86
57.70
66.99 16.10%
96.21 106.48 127.75 19.97%
CASA Composition
(%)
26
Equity (1/2)
Total Equity
(IDR Trillion)
CAR - BI
(%)
27
Equity (2/2)
2011
2012
2013
2014
2015
Tier - 1 Capital
Tier - 2 Capital
Capital on B/S
Securitization exposure
RWA - Credit Risk
RWA - Market Risk
RWA - Operational Risk
RWA - Total
6,584
512
7,322
127
40,940
150
5,284
46,374
9,038
582
10,279
187
46,582
182
6,557
53,321
9,879
722
11,557
247
57,749
284
8,229
66,262
10,736
797
12,253
362
66,251
226
9,856
76,333
12,172
1,721
13,860
344
70,474
223
11,185
81,882
CAR Tier
1/(RWA Credit + Market Risk)
16.02%
19.33%
17.02%
16.15%
17.22%
CAR Tier
Risk)
1/(RWA Credit + Market + Ops
14.20%
16.95%
14.91%
14.06%
14.86%
CAR B/S/(RWA Credit + Market Risk)
17.82%
21.98%
19.91%
18.43%
19.60%
CAR B/S/(RWA Credit + Market + Ops Risk)
15.79%
19.28%
17.44%
16.05%
16.93%
CAR BI ((Tier 1+2)/(RWA Credit + Market Risk))
16.96%
20.17%
17.84%
16.81%
19.65%
CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk))
15.08%
17.75%
15.69%
14.68%
17.01%
CAR BI ((Tier 1+2)/(RWA Credit + Market +
Ops Risk))
15.03%
17.69%
15.62%
14.64%
16.97%
*)
*) Equity and CAR calculation have been adjusted with PBI No.15/12/PBI/2013 on Minimum Capital Requirement for Commercial Banks
28
Income Statement
(IDR Billion)
FY 2011
Interest Income
Interest Expense
Net Interest Income
Other Operating Income
Other Operating Expense
Profit From Operating
Non Operating Income (Expense)
Profit Before Tax
Net Profit
7,791
(4,000)
3,791
571
(2,836)
1,526
(3)
1,522
1,119
FY 2012
9,106
(4,379)
4,726
577
(3,438)
1,865
(8)
1,857
1,364
FY 2013
11,197
(5,558)
5,639
798
(4,301)
2,136
5
2,141
1,562
FY 2014
13,374
(7,893)
5,482
923
(4,828)
1,577
2
1,579
1,146
FY 2015
15,567
(8,700)
6,867
1,132
(5,465)
2,534
8
2,542
1,851
y.o.y
16.39%
10.23%
25.26%
22.56%
13.20%
60.62%
322.56%
60.95%
61.57%
29
Interest Income Composition 2015
(IDR Billion)
FY2012 FY2013 FY2014 FY2015
Placement with Bank Indonesia
Placement with other bank
Securities
Loan
Income from Syariah
Total
Y.o.Y
46
52
534
7,901
573
74
63
726
9,605
729
81
40
982
11,353
919
107
37
858
13,523
1,042
33.06%
-7.61%
-12.65%
19.11%
13.39%
9,106
11,197
13,374
15,567
16.39%
30
Interest Expense Composition 2015
(IDR Billion)
FY2012 FY2013 FY2014 FY2015
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
Fund Borrowings
Others
Total
8
20
3,118
674
400
159
4,379
5
39
4,082
826
450
157
5,558
2
84
6,290
787
529
201
7,893
1
328
6,750
883
516
222
8,700
Y.o.Y
-52.22%
292.68%
7.31%
12.23%
-2.41%
10.61%
10.23%
31
Other Operating Income Composition 2015
(IDR Billion)
FY2012 FY2013 FY2014 FY2015
Y.o.Y
Mark to market
Gain
Reversal on Provisions
Commissions, Services & Admin Fee *)
Others *)
9
17
11
541
17
32
8
31
709
7
112
5
496
303
170
8
596
358
-100.0%
51.5%
47.5%
20.2%
17.9%
Total
577
798
923
1,132
22.56%
*) Reclassified
32
Other Operating Expense Composition 2015
(IDR Billion)
FY2012 FY2013 FY2014 FY2015
Provisions
Salaries & Employee Benefit
Electricity, Telp, Office Supp.
Others *)
Rent, Service & Maintenance
Depreciation
Promotion
Collector Fees & Consultan
Insurance Premium
Training
Research & Development
Other Taxes
Gain
Mark to Market
Total
214
978
384
355
376
267
275
313
145
117
4
11
0
3,438
441
1,161
365
337
482
279
411
386
175
110
4
6
1
144
4,301
777
1,260
494
227
542
226
509
451
217
107
6
8
3
0
4,828
901
1,459
591
422
563
196
417
544
245
106
7
8
4
0
5,465
Y.o.Y
16.00%
15.79%
19.54%
85.81%
3.73%
-13.02%
-18.06%
20.63%
12.95%
-0.89%
25.43%
7.31%
18.07%
0%
13.20%
*) Reclass, include OJK & BMPD
33
Key Financial Ratios (1/4)
Net Income
(IDR Billion)
Net Interest Margin
Cost Income Ratio *)
Note : *) Reclassified
34
Key Financial Ratios (2/4)
ROA1 before tax
ROA2 after tax
1Calculated
2Calculated
based on income before income tax (include tax benefit and extraordinary item)/ average total assets based on Bank Indonesia regulation
based on net profit/average total assets
35
Key Financial Ratios (3/4)
ROE3
tier 1 capital
ROE4
balance sheet
15.28%
3Calculated
4Calculated
13.52%
based on net profit/average Tier 1 capital based on Bank Indonesia regulation
based on net profit/total stakeholder s equity
36
Key Financial Ratios (4/4)
Loan-to-Deposit Ratio
Loan-to-Funding Ratio
*) Calculated based on SE BI No 17/17/DKMP dated 26 June 2015 Re: Reserve Requirement Calculation for Commercial Banks
37
3. Sharia Business
38
Sharia Business
Sharia Assets
Sharia Deposits
(IDR Billion)
(IDR Billion)
Sharia Net Profit
Sharia Financings
(IDR Billion)
(IDR Billion)
39
4. Appendices
40
Shares Information
Share Ownerships Composition as of 31 Dec 2015
Ownership
# of Shares
%
GOI
6,354,000,000
60.04%
Public
4,228,345,000
39.96%
1,838,804,196
2,389,540,804
43.49%
- Domestic
- Foreign
Total
10,582,345,000
56.51%
100.00%
Public Share Ownerships
Period
2015
2014
%
Opening
1,205
880
36.93%
Lowest
935
835
11.98%
Highest
1,315
1,525
-13.77%
Average Volume
PBV (x)
(Lots)
1,295
302,217
0.99
1,205
438,915
1.04
7.47%
-31.14%
-5.22%
Closing
BVPS
1,310
1,155
13.39%
Market Cap
(IDR Million)
13,704,137
12,734,074
7.62%
IPO by listed on IDX on 17 December 2009 at IDR800 per
share
Rights issue successfully done in November 2012 by issuing
additional 1.512.857.500 new shares
Market cap as of 31 Dec 2015 was IDR 13,7 Bio
41
Kalimantan
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
Outlets
Sumatera
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
11
34
58
6
6
700
240
5
10
18
2
4
299
85
Sulawesi
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
5
13
18
2
2
126
92
Papua & Maluku
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
3
3
2
61
22
I N D O N E S I A
Jawa
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
2
38
158
375
40
25
1,624
1,345
Bali & Nusa Tenggara
Regional Offices
Branch Offices
3
Sub Branch Offices
5
Cash Outlets
8
Sharia Outlets
Priority Outlet
2
Post Offices
141
ATMs
46
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Total Outlets
Post Offices
ATMs
Employees
2009
61
204
21
286
2,045
528
4,340
2010
1
63
214
111
26
1
416
2,661
745
5,312
2011
2
65
218
316
39
7
647
2,738
1,181
6,337
2012
3
65
223
415
50
13
769
2,922
1,404
7,142
2013
3
65
223
479
50
23
843
2,922
1,504
8,011
2014
3
65
223
479
50
34
854
2,951
1,830
8,582
2015
4
65
223
479
50
39
860
2,951
1,830
9,042
42
INTERNATIONAL AWARDS 2015
•
•
•
•
•
THE LEAGUE OF AMERICAN COMMUNICATIONS
PROFESSIONALS (LACP) AWARD 2014
Gold Award
#77 of Top 100 Annual Report Worldwide
#17 of Top 50 Annual Report in the Asia Pacific Region
#10 Indonesian Annual Report of 2014
Best Letter to Shareholders
43
REGIONAL AWARDS 2015
ASEAN CORPORATE GOVERNANCE
AWARD 2015
Top Two Publicity Listed Companies
with the Most Improved Scores
44
TOP NATIONAL AWARDS 2015
ANUGERAH PERBANKAN
INDONESIA 2015 ECONOMIC
REVIEW
Peringkat I Kelompok Bank Buku
III dan Tokoh Perbankan 2015
untuk Direktur Utama Bank BTN
ANNUAL REPORT AWARD 2014
Juara III Kategori BUMN Keuangan
Listed
THE 7th IICD Corporate Governance AWARD
The Best Financial Services
45
THANK YOU
________________
Investor Relations
PT Bank Tabungan Negara (Persero) Tbk
Menara BTN Lt. 20 - Jl Gajah Mada No. 1
Jakarta Pusat 10130
Telp : +62 21 63870142 / +62 21 63870107
Facs: +62 21 63870104
Email : investor_ relations@btn.co.id
Website : www.btn.co.id
46
PT Bank Tabungan Negara (Persero) Tbk.
Business & Financial Performances
as of December 31, 2015
Jakarta, February 4th 2016
Disclaimer
IMPORTANT: The following forms part of, and should be read in conjunction with, the other material in this presentation
This presentation contains privileged information and has been prepared solely for the recipient(s). By accepting a copy (or the contents) of this presentation, you
are deemed to have acknowledged and agreed to the provisions appearing hereinafter. The existence of this presentation and the contents thereof should not be
disclosed, reproduced, copied or otherwise disseminated to any other person or published, in whole or in part, without prior consent of PT Bank Tabungan Negara
(Persero) Tbk. (“BTN” or the “Company”).
This presentation does not constitute or form part of any offer for sale or invitation, or solicitation of an offer, to subscribe for or purchase any securities and neither
this document nor anything contained herein shall form the basis of or be relied on in connection with any contract or commitment whatsoever. Any decision to
purchase or subscribe for securities should be made only on the basis of the information contained in a prospectus or offering circular issued by the Company in
connection with any such offering.
Information and opinions contained in this presentation are provided for reference of the recipients only and are not to be relied upon as authoritative or without the
recipient’s own independent verification or taken in substitution for the exercise of the recipient’s own judgment. Any reference to past performance should not be
taken as an indication of future performance. In furnishing the presentation, the Company has not undertaken to provide the recipient(s) with access to any
additional information or updates. None of the Company warrant or guarantee whatsoever that this presentation will lead to the successful completion, or
consummation, of any transactions whether or not under contemplation.
Accordingly the Company disclaims any liability whatsoever in connection therewith and with any decisions that might be taken upon the basis of this presentation,
directly or indirectly. In particular, the Company owe no duty to the recipient (except as required by applicable laws) to exercise any judgment on its behalf as to
the merits or suitability of any transaction. The recipient agrees that the merits or suitability of any such transaction to its particular situation will be independently
determined by the recipient including consideration of the legal, tax, accounting, regulatory, financial and other related aspects thereof.
2
Outline
Page
Macro Economy
4
Initiatives Done In 2015
9
Performance Overview
15
Sharia Business
38
Appendices
40
3
1. Macro Economy
4
Updates on Macro Economy
On 13-14th January 2016, BI lowered the BI Rate to
7.25%, after stayed at 7.5% since February 2015. The
decision was made due to monetary easing particularly the
reduced global uncertainty post-FFR hike.
Annual inflation for 2015 stood at 3.35%, which is within
the BI target of 4+1%.
Economic growth picked up to 4.73% (yoy) in the
3Q of 2015. It was projected to continue improving
through the 4Q as the government continues to
expedite infrastructure projects and release the policy
packages to attract private investment.
5
Updates on Banking System
Loan growth has remained vulnerable to sluggish economic growth and escalating currency risk. It was slowing
down to 9.85% (yoy) in November 2015, from 11.58% (yoy) in December 2014.
Deposit growth also decelerated to 7.7% (yoy) in November 2015, from 12.29% in December 2014, primarily due
to a decline in time deposits.
NPL stood at 2.66% (gross) in November 2015, jumped from 2.16% in December 2014. It was due to slow
economic growth and the depreciation of Rupiah that affect the borrowers.
In an effort to boost loan growth, in August 2015 the OJK issued a regulation on temporary economic stimulus for
banks, The stimulus includes a reduction of the RWA ratio for insured-credit programs, and leniency for banks to
restructure loans.
6
Updates on Housing Industry
Residential Property Index
The growth of Residential Property Price Index in
quarter III-2015 decelerated in both quarterly (0.99%,
qtq) and annually (5.46%, yoy). The trend was also
predicted to persist into quarter IV-2015. Rising Prices of
building materials, higher wages and more expensive
fuel prices as the main determinants of rising residential
property prices.
Developers confirmed a slump in residential property
sales growth during third quarter of 2015, with survey
results indicating a downturn from 10.84% (qtq) to
7.66% (qtq). The slowdown affected all house types,
especially medium houses.
Growth of Property Sales (% qtq)
Weaker property sales were also corroborated by a
deceleration in housing loan growth to 1.08% (qtq) in
quarter III-2015.
Source: Bank Indonesia Residential Property Survey for Primary House
7
INITIATIVES DONE IN 2015
• TRANSFORMATION PHASE 2 DIGITAL BANKING PERIOD
• 1 MILLION HOUSES PROGRAM
• LOAN PROCESS IMPROVEMENT
• DIGITAL & BRANCHLESS BANKING DEVELOPMENT
8
Transformation Road Map
9
1 Million Houses Program
Bank BTN has become the anchor of the Government One Million Houses Program to reduce the
backlog of housing in Indonesia
BTN 5IAP
FUNDING
BUSINESS
PROCESS
INFORMATION
TECHNOLOGY
HUMAN
CAPITAL
HOUSING
SUPPLY
10
Achievement of 1 Million Houses Program
Loan Type
2015 Target
Unit
Progress as of 31 December 2015
Mortgage Disbursed
Unit
IDR Billion
Construction Loans in Progress
Unit
IDR Billion
Total
Unit
Progress
IDR Billion
Subsidized Mortgage
331,000
125,422
12,761
161,325
6,587
286,747
19,348
86.63%
Non Subsidized Mortgage
100,000
54,054
13,453
133,298
19,651
187,352
33,104
187.35%
TOTAL
431,000
179,476
26,214
294,623
26,238
474,099
52,452
110.00%
11
Loan Process Improvement
Bank BTN has improved its loan business process, in
order to improve asset quality
Front-End
• Implementation of Four-eyes principles
• Improvement of credit scoring model
• Increase competence of loan analyst
• Set up credit risk units
Middle-End
• Tight monitoring on borrowers business & collateral
• Improvement of Loan Monitoring System (iCremo)
Back-End
• Adding field collectors
• Improvement of Consumer Collection & Remedial
& Asset Management Organization
• Improvement of collection system (iColl)
• Asset sales through investor gathering, BTN Property
Website, Auction Body, Exhibition & Property Agents
12
Digital & Branchless Banking Development
In order to support the growth of low-cost third party funds, branchless banking, as well as
financial inclusion in Indonesia, Bank BTN has developed digital banking transactions and
promoted in the Government program LAKU PANDAI .
13
Result Summary
Despite of the economy slow down, BBTN recorded a satisfying result in the year of 2015.
Total assets grew by 18.83% (yoy) to Rp171.81 trn, mainly driven by growth on loan and deposit.
Total loans increased by 19.88% (yoy) to Rp 138.96 trn, much higher than system s growth of 9.85% (as of
November 2015). Loan growth has been driven by Housing Loans, particularly Subsidized Mortgages &
Construction Loans, as part of BTN s support to the One Million Houses Program. As a result, we are still
sustaining the leadership of mortgage in Indonesia by 30.6%.
Deposits have been successfully managed to support loan growth. Deposits rose by 19.97% to Rp 127.75 trn.
Current accounts marked the biggest growth at 32.93%.
Net profit increased by 61.57% (yoy) to Rp1.85 trn, due to lesser pressures on cost of funds as well as asset
quality improvement. Interest income growth (16.39%) was exceeding interest expense (10.23%). Net interest
income grew by 25.26%, while fee based income also increased by 22.29%.
NPL was 3.42%, improved from 4.01% in December 2014. The achievement was made through improvement of
collection management system, collateral sale and business process improvement in new loan acquisitions.
Profitability has picked up. NIM increased from 4.47% to 4.87%, while ROA and ROE expanded from 1.14% and
10.92% in December 2014 to 1.61% and 16.84% in December 2015 respectively.
Coverage Ratio has gradually increased from 33.77% to 43.14% in December 2015 as provisions increased by 16%
14
2. Performance Overview
15
Financial Highlight
(IDR Billion)
FY 2011
Total Asset
Total Loan & Financing
Total Deposits
Equity
Net Profit
Earning per Share (IDR)
CAR (Tier 1)
CAR (BI)
NPL (Gross)
NPL (Net)
NIM
C I R *)
COVERAGE RATIO
ROE
ROA
LDR
Note : Reclassified
89,121
63,564
61,974
7,322
1,119
123
14.20%
15.03%
2.75%
2.23%
5.76%
51.66%
54.11%
17.65%
2.03%
102.56%
FY 2012
111,749
81,411
80,688
10,279
1,364
148
16.95%
17.69%
4.09%
3.12%
5.83%
49.71%
29.48%
18.23%
1.94%
100.90%
FY 2013
131,170
100,467
96,213
11,557
1,562
148
14.91%
15.62%
4.05%
3.04%
5.44%
50.86%
27.97%
16.05%
1.79%
104.42%
FY 2014
144,582
115,916
106,479
12,252.9
1,146
108
14.05%
14.64%
4.01%
2.76%
4.47%
57.21%
33.77%
10.95%
1.14%
108.86%
FY 2015
171,808
138,956
127,746
13,860
1,851
175
14.86%
16.97%
3.42%
2.11%
4.87%
50.08%
43.14%
16.84%
1.61%
108.78%
y.o.y
INDUSTRY
(NOV 2015)
18.83%
9.29%
19.88%
9.85%
19.97%
7.70%
13.12%
61.57% -8.25% (Aug)
62.04%
21.12%
2.66%
5.20%
2.30%
90.47%
16
Balance Sheet
IDR Billion
FY 2011
FY 2012
FY 2013
FY 2014
FY 2015
y.o.y
Total Assets
Total Earning Assets
- Term Deposit with BI
- Loans and Financing
- Securities
- Other Earning Assets
Provision on Earning Asset
Others
89,121
81,401
9,475
63,564
7,846
517
(954)
8,675
111,749
101,538
10,867
81,411
8,491
769
(997)
11,208
131,170
118,305
4,834
100,467
12,595
408
(1,148)
14,013
144,582
132,192
1,496
115,916
13,684
1,095
(1,581)
13,972
171,808 18.83%
157,049 18.80%
7,529 403.15%
138,956 19.88%
10,001 -26.92%
562 -48.65%
(2,064) 30.55%
16,823 20.41%
Deposits
Securities Issued
Deposits from Other Banks
Repurchase Agreements
Borrowings
Others
Equity
61,974
5,438
808
4,450
5,693
3,436
7,322
80,688
7,137
741
2,335
6,734
3,834
10,279
96,213
8,837
285
2,653
7,070
4,556
11,557
106,479
7,939
1,770
3,818
6,996
5,329
12,253
127,746
10,937
3,255
2,135
7,725
6,151
13,860
19.97%
37.76%
83.94%
-44.07%
10.41%
15.42%
13.12%
17
Asset Composition
Total Assets
(IDR Trillion)
Assets Composition
(%)
18
Earning Asset Composition
Total Earning Asset
(IDR Trillion)
Earning Asset Compositions 2015
(%)
19
Loans Composition
31-Dec-11
L oans Type
Rp. Bn
S hares
31-Dec-12
IDR Bn
S hares
31-Dec-13
IDR Bn
S hares
31-Dec-14
IDR Bn
S hares
31-Dec-15
IDR Bn
S hares
y.o.y
Hous ing L oans
55,805
87.79%
70,223
86.26%
87,005
86.60%
102,614
88.52%
124,927
89.90% 21.74%
S ubs idized Mortgages
Non-S ubs idized Mortgages
Other Hous ing Loans
Cons truction Loan
25,804
18,611
4,199
7,191
40.60%
29.28%
6.61%
11.31%
25,562
29,129
6,070
9,462
31.40%
35.78%
7.46%
11.62%
28,429
39,548
7,198
11,829
28.30%
39.36%
7.16%
11.77%
34,347
45,601
8,179
14,486
29.63%
39.34%
7.06%
12.50%
43,527
53,567
8,934
18,900
31.32% 26.73%
38.55% 17.47%
6.43% 9.23%
13.60% 30.47%
Non-Hous ing L oans
7,759
12.21%
11,187
13.74%
13,463
13.40%
13,302
11.48%
14,029
10.10%
Cons umer Loan
Commercial Loan
1,463
6,296
2.30%
9.90%
1,923
9,264
2.36%
11.38%
2,597
10,865
2.59%
10.81%
2,916
10,386
2.52%
8.96%
3,839
10,190
Total L oans
63,564 100.00%
81,411 100.00%
100,467 100.00%
115,916 100.00%
Gross Loan
Housing and Non-Housing Loans
(IDR Trillion)
(%)
Note : Figures on all graphs Include Sharia financing
5.46%
2.76% 31.63%
7.33% -1.88%
138,956 100.00% 19.88%
20
Growth in Mortgages
Total Mortgages
Mortgage Composition
(IDR Billion)
(%)
Subsidized Mortgages
Non Subsidized Mortgages
(IDR Billion)
(IDR Billion)
Note : Figures on all graphs Include Sharia financing
21
Loan Disbursement
IDR Trillion
IDR Billion
L oans T ype
F Y 2011
F Y 2012
F Y 2013
F Y 2014
F Y 2015
y.o.y
IDR Bio
Hous ing L oans
S ubs idized Mortgages
Non-S ubs idized Mortgages
18,789
5,896
5,340
28,041
4,213
12,479
33,955
6,506
14,286
34,029
7,960
12,629
41,812
12,771
13,404
22.87%
60.43%
6.13%
Other Hous ing
1,540
2,659
2,500
2,416
2,418
0.08%
Cons truction Loan
Non-Hous ing L oans
Cons umer Loan
Commercial Loan
6,013
6,384
900
5,484
8,690
9,679
1,809
7,870
10,663
10,338
2,389
7,949
11,023
7,569
2,564
5,005
13,219
9,434
4,268
5,166
19.92%
24.64%
66.47%
3.22%
25,173
37,720
44,293
41,598
51,246
23.19%
Total L oans
Note : Figures on graph and table Include Sharia financing
22
Loan Quality (1/2)
Gross NPL
Net NPL
(%)
(%)
Note : Figures on all graphs Include Sharia financing
23
Loan Quality (2/2)
31-Dec-11
Collectibility
Current
Special Mentioned
PL
Substandard
Doubtful
Loss
NPL
PL + NPL
NPL Gross
NPL Netto
Loan Type
IDR Bn
54,052
7,767
61,819
178
199
1,368
1,745
63,564
2.75%
2.23%
Share
31-Dec-12
IDR Bn
85.04%
12.22%
97.25%
0.28%
0.31%
2.15%
2.75%
100.00%
31-Dec
31-Dec
Share
31-Dec-13
Rp. Bn
68,420
9,665
78,085
686
542
2,098
3,326
81,411
4.09%
3.12%
84.04%
84,301
11.87%
12,101
95.91%
96,402
0.84%
458
0.67%
457
2.58%
3,151
4.09%
4,066
100.00% 100,467
4.05%
3.04%
31-Dec
31-Dec
Share
Rp. Bn
83.91%
12.04%
95.95%
0.46%
0.45%
3.14%
4.05%
100.00%
95,262
16,004
111,266
338
454
3,859
4,650
115,916
4.01%
2.76%
Share
31-Dec-15
Rp. Bn
Share
82.18% 116,887 84.12%
13.81%
17,316 12.46%
95.99% 134,203 96.58%
0.29%
250
0.18%
0.39%
359
0.26%
3.33%
4,144
2.98%
4.01%
4,753
3.42%
100.00% 138,956 100.00%
3.42%
2.11%
31-Dec
(Gross)
Housing Loans
Subsidized Mortgage
Non-Subsidized Mortgage
Other Housing Loans
Construction Loan
Non-Housing Loans
Consumer Loan
2011
2.74%
2.37%
2.88%
2.78%
3.66%
3.14%
1.30%
2012
3.93%
5.00%
2.90%
3.08%
4.74%
5.08%
2.00%
2013
3.80%
5.24%
2.61%
3.17%
4.75%
5.60%
2.03%
2014
3.43%
3.96%
2.51%
3.47%
5.13%
8.51%
2.55%
2015
2.79%
2.48%
2.57%
3.44%
3.81%
9.02%
2.17%
Commercial Loan
Total Loans
3.60%
2.75%
5.72%
4.09%
6.63%
4.05%
10.16%
4.01%
11.57%
3.42%
Note : Figures on all tables Include Sharia financing
31-Dec-14
24
Liabilities
Total Liabilities
Funding Composition
(IDR Trillion)
(IDR Trillion)
Funding Composition 2015
(%)
25
Deposits
Total Deposits Mix
Total Deposits
(IDR Trillion)
(IDR Trillion)
Deposits
Current Account
Savings Account
Time Deposits
Total
FY 2011
13.15
14.82
34.01
61.97
FY 2012
13.27
21.54
45.88
80.69
FY 2013 FY 2014 FY 2015 y.o.y
19.12
23.23
30.88 32.93%
24.24
25.55
29.87 16.93%
52.86
57.70
66.99 16.10%
96.21 106.48 127.75 19.97%
CASA Composition
(%)
26
Equity (1/2)
Total Equity
(IDR Trillion)
CAR - BI
(%)
27
Equity (2/2)
2011
2012
2013
2014
2015
Tier - 1 Capital
Tier - 2 Capital
Capital on B/S
Securitization exposure
RWA - Credit Risk
RWA - Market Risk
RWA - Operational Risk
RWA - Total
6,584
512
7,322
127
40,940
150
5,284
46,374
9,038
582
10,279
187
46,582
182
6,557
53,321
9,879
722
11,557
247
57,749
284
8,229
66,262
10,736
797
12,253
362
66,251
226
9,856
76,333
12,172
1,721
13,860
344
70,474
223
11,185
81,882
CAR Tier
1/(RWA Credit + Market Risk)
16.02%
19.33%
17.02%
16.15%
17.22%
CAR Tier
Risk)
1/(RWA Credit + Market + Ops
14.20%
16.95%
14.91%
14.06%
14.86%
CAR B/S/(RWA Credit + Market Risk)
17.82%
21.98%
19.91%
18.43%
19.60%
CAR B/S/(RWA Credit + Market + Ops Risk)
15.79%
19.28%
17.44%
16.05%
16.93%
CAR BI ((Tier 1+2)/(RWA Credit + Market Risk))
16.96%
20.17%
17.84%
16.81%
19.65%
CAR BI ((Tier 1+2)/(RWA Credit + Ops Risk))
15.08%
17.75%
15.69%
14.68%
17.01%
CAR BI ((Tier 1+2)/(RWA Credit + Market +
Ops Risk))
15.03%
17.69%
15.62%
14.64%
16.97%
*)
*) Equity and CAR calculation have been adjusted with PBI No.15/12/PBI/2013 on Minimum Capital Requirement for Commercial Banks
28
Income Statement
(IDR Billion)
FY 2011
Interest Income
Interest Expense
Net Interest Income
Other Operating Income
Other Operating Expense
Profit From Operating
Non Operating Income (Expense)
Profit Before Tax
Net Profit
7,791
(4,000)
3,791
571
(2,836)
1,526
(3)
1,522
1,119
FY 2012
9,106
(4,379)
4,726
577
(3,438)
1,865
(8)
1,857
1,364
FY 2013
11,197
(5,558)
5,639
798
(4,301)
2,136
5
2,141
1,562
FY 2014
13,374
(7,893)
5,482
923
(4,828)
1,577
2
1,579
1,146
FY 2015
15,567
(8,700)
6,867
1,132
(5,465)
2,534
8
2,542
1,851
y.o.y
16.39%
10.23%
25.26%
22.56%
13.20%
60.62%
322.56%
60.95%
61.57%
29
Interest Income Composition 2015
(IDR Billion)
FY2012 FY2013 FY2014 FY2015
Placement with Bank Indonesia
Placement with other bank
Securities
Loan
Income from Syariah
Total
Y.o.Y
46
52
534
7,901
573
74
63
726
9,605
729
81
40
982
11,353
919
107
37
858
13,523
1,042
33.06%
-7.61%
-12.65%
19.11%
13.39%
9,106
11,197
13,374
15,567
16.39%
30
Interest Expense Composition 2015
(IDR Billion)
FY2012 FY2013 FY2014 FY2015
Bank Indonesia
Deposits from other Banks
Deposits from Non Banks
Securities Issued
Fund Borrowings
Others
Total
8
20
3,118
674
400
159
4,379
5
39
4,082
826
450
157
5,558
2
84
6,290
787
529
201
7,893
1
328
6,750
883
516
222
8,700
Y.o.Y
-52.22%
292.68%
7.31%
12.23%
-2.41%
10.61%
10.23%
31
Other Operating Income Composition 2015
(IDR Billion)
FY2012 FY2013 FY2014 FY2015
Y.o.Y
Mark to market
Gain
Reversal on Provisions
Commissions, Services & Admin Fee *)
Others *)
9
17
11
541
17
32
8
31
709
7
112
5
496
303
170
8
596
358
-100.0%
51.5%
47.5%
20.2%
17.9%
Total
577
798
923
1,132
22.56%
*) Reclassified
32
Other Operating Expense Composition 2015
(IDR Billion)
FY2012 FY2013 FY2014 FY2015
Provisions
Salaries & Employee Benefit
Electricity, Telp, Office Supp.
Others *)
Rent, Service & Maintenance
Depreciation
Promotion
Collector Fees & Consultan
Insurance Premium
Training
Research & Development
Other Taxes
Gain
Mark to Market
Total
214
978
384
355
376
267
275
313
145
117
4
11
0
3,438
441
1,161
365
337
482
279
411
386
175
110
4
6
1
144
4,301
777
1,260
494
227
542
226
509
451
217
107
6
8
3
0
4,828
901
1,459
591
422
563
196
417
544
245
106
7
8
4
0
5,465
Y.o.Y
16.00%
15.79%
19.54%
85.81%
3.73%
-13.02%
-18.06%
20.63%
12.95%
-0.89%
25.43%
7.31%
18.07%
0%
13.20%
*) Reclass, include OJK & BMPD
33
Key Financial Ratios (1/4)
Net Income
(IDR Billion)
Net Interest Margin
Cost Income Ratio *)
Note : *) Reclassified
34
Key Financial Ratios (2/4)
ROA1 before tax
ROA2 after tax
1Calculated
2Calculated
based on income before income tax (include tax benefit and extraordinary item)/ average total assets based on Bank Indonesia regulation
based on net profit/average total assets
35
Key Financial Ratios (3/4)
ROE3
tier 1 capital
ROE4
balance sheet
15.28%
3Calculated
4Calculated
13.52%
based on net profit/average Tier 1 capital based on Bank Indonesia regulation
based on net profit/total stakeholder s equity
36
Key Financial Ratios (4/4)
Loan-to-Deposit Ratio
Loan-to-Funding Ratio
*) Calculated based on SE BI No 17/17/DKMP dated 26 June 2015 Re: Reserve Requirement Calculation for Commercial Banks
37
3. Sharia Business
38
Sharia Business
Sharia Assets
Sharia Deposits
(IDR Billion)
(IDR Billion)
Sharia Net Profit
Sharia Financings
(IDR Billion)
(IDR Billion)
39
4. Appendices
40
Shares Information
Share Ownerships Composition as of 31 Dec 2015
Ownership
# of Shares
%
GOI
6,354,000,000
60.04%
Public
4,228,345,000
39.96%
1,838,804,196
2,389,540,804
43.49%
- Domestic
- Foreign
Total
10,582,345,000
56.51%
100.00%
Public Share Ownerships
Period
2015
2014
%
Opening
1,205
880
36.93%
Lowest
935
835
11.98%
Highest
1,315
1,525
-13.77%
Average Volume
PBV (x)
(Lots)
1,295
302,217
0.99
1,205
438,915
1.04
7.47%
-31.14%
-5.22%
Closing
BVPS
1,310
1,155
13.39%
Market Cap
(IDR Million)
13,704,137
12,734,074
7.62%
IPO by listed on IDX on 17 December 2009 at IDR800 per
share
Rights issue successfully done in November 2012 by issuing
additional 1.512.857.500 new shares
Market cap as of 31 Dec 2015 was IDR 13,7 Bio
41
Kalimantan
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
Outlets
Sumatera
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
11
34
58
6
6
700
240
5
10
18
2
4
299
85
Sulawesi
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
1
5
13
18
2
2
126
92
Papua & Maluku
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
3
3
2
61
22
I N D O N E S I A
Jawa
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Post Offices
ATMs
2
38
158
375
40
25
1,624
1,345
Bali & Nusa Tenggara
Regional Offices
Branch Offices
3
Sub Branch Offices
5
Cash Outlets
8
Sharia Outlets
Priority Outlet
2
Post Offices
141
ATMs
46
Regional Offices
Branch Offices
Sub Branch Offices
Cash Outlets
Sharia Outlets
Priority Outlet
Total Outlets
Post Offices
ATMs
Employees
2009
61
204
21
286
2,045
528
4,340
2010
1
63
214
111
26
1
416
2,661
745
5,312
2011
2
65
218
316
39
7
647
2,738
1,181
6,337
2012
3
65
223
415
50
13
769
2,922
1,404
7,142
2013
3
65
223
479
50
23
843
2,922
1,504
8,011
2014
3
65
223
479
50
34
854
2,951
1,830
8,582
2015
4
65
223
479
50
39
860
2,951
1,830
9,042
42
INTERNATIONAL AWARDS 2015
•
•
•
•
•
THE LEAGUE OF AMERICAN COMMUNICATIONS
PROFESSIONALS (LACP) AWARD 2014
Gold Award
#77 of Top 100 Annual Report Worldwide
#17 of Top 50 Annual Report in the Asia Pacific Region
#10 Indonesian Annual Report of 2014
Best Letter to Shareholders
43
REGIONAL AWARDS 2015
ASEAN CORPORATE GOVERNANCE
AWARD 2015
Top Two Publicity Listed Companies
with the Most Improved Scores
44
TOP NATIONAL AWARDS 2015
ANUGERAH PERBANKAN
INDONESIA 2015 ECONOMIC
REVIEW
Peringkat I Kelompok Bank Buku
III dan Tokoh Perbankan 2015
untuk Direktur Utama Bank BTN
ANNUAL REPORT AWARD 2014
Juara III Kategori BUMN Keuangan
Listed
THE 7th IICD Corporate Governance AWARD
The Best Financial Services
45
THANK YOU
________________
Investor Relations
PT Bank Tabungan Negara (Persero) Tbk
Menara BTN Lt. 20 - Jl Gajah Mada No. 1
Jakarta Pusat 10130
Telp : +62 21 63870142 / +62 21 63870107
Facs: +62 21 63870104
Email : investor_ relations@btn.co.id
Website : www.btn.co.id
46