Credit distribution of Bank BTPN Syariah reached IDR 10.44 trillion

10 February 2022 13:32

JAKARTA. The financing channelling to ultramicro users of PT Bank BTPN Syariah Tbk (BTPS) in 2021 grew 10% year-on-year (yoy) to IDR 10.44 trillion.

Hadi Wibowo, President Director of BTPN Syariah, claimed that this growth was also completed with well-sustained credit quality. Non-performing financing (NPF) was still perched at 2.37%, while the capital adequacy ratio (CAR) remained strong at 58%, way above the industry average.

Meanwhile, the third-party fund collection also increased 12% yoy to IDR 10.97 trillion from IDR 9.78 trillion in 2020. Its net profit after tax also reached IDR 1.47 trillion, while its total assets climbed 13% yoy to IDR 18.54 trillion from IDR 16.44 trillion.

Wibowo further stated that his company would continuously adapt and adjust itself to accommodate the users’ needs following the digital technology development. In 2021, BTPN Syariah established an application-based service to facilitate all users and bank agents, “named Mitra Tepat,” he mentioned in the official release today (10/2). (AM/ZH)

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