Bank Tabungan Negara

PT Bank Tabungan Negara (Persero) Tbk

Trade name	Bank BTN
Type	Public
Traded as	IDX: BBTN
Industry	Finance and Banking
Founded	1897; 124 years ago (1897)
Founder	Government of the Dutch East Indies
Headquarters	Menara BTN, Gambir, Jakarta , Indonesia
Key people	Pahala Mansury, President Director Chandra Hamzah, President Commissioner
Products	show List Loans mortgages investments debit cards credit cards Sharia banking
Revenue	Rp 17.138 trillion (2016)
Net income	Rp 2.61 trillion (2016)
Total assets	Rp 214.168 trillion (2016)
Total equity	Rp 19.130 trillion (2016)
Owner	Government of Indonesia (60%)
Website	btn.co.id

Building Postspaarbank in Batavia (1938)

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.^[1]

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.^[1]

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).^[2] In 1963 the bank's current name, Bank Tabungan Negara, was adopted.^[3] Bank BTN became the first bank to be appointed by the government to provide housing finance and mortgages to lower and middle income individuals.^[4]

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.^[5] The IPO was ranked as Indonesia's largest IPO as of 2009.^[6]

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.^[2]

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:^[2]

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.^[4]

Governance[]

Bank Tabungan Negara is governed by a six-person Board of Commissioners. As of September 2015, Chandra M. Hamzah became the President Commissioner, succeeding Mardiasmo.^[7] The President Director as of December 2015 is Maryono.^{[2][needs update]}

See also[]

• List of banks in Indonesia
• Financial Services Authority of Indonesia

References[]

Wikimedia Commons has media related to Bank Tabungan Negara.