JAKARTA - Sumitomo Mitsui Banking Corporation (SMBC), the controlling shareholder of PT Bank BTPN Tbk., is optimistic that the new bank from the merger will continue to grow and become one of the top 5 banks with the largest assets.
President and CEO of SMB, Makoto Takashima said that Indonesia had a large and growing market. "We will grow big if we are fully involved in development in this country. Therefore, we are confident that we can be one of the top 5, " he told Idnfinancials.com on the sidelines of the reception of BTPN and SMBCI, on Tuesday (02/07/2019)
Dozens of customers, both corporate and retail, attended the reception held at the Fairmont Hotel Grand Ballroom, Senayan. Senior Deputy Governor Mirza Adityaswara and Japanese Ambassador to Indonesia Ishii Masafumi also attended, also national businessmen Antoni Salim and Chairul Tanjung.
The two merger banks are subsidiaries of Sumitomo Mitsui Banking Corporation (SMBC) in Indonesia. SMBC is the controlling shareholder in BTPN and SMBCI with the current portion of ownership in each bank of 40% and 98.48%.
Based on the balance sheet as of 31 May 2018, the combined assets of the banks reached Rp 189 trillion, making it the eighth largest banks, overtaking OCBC NISP which has assets of Rp 170.3 trillion as of Q2 2018. Meanwhile, the company also generated Rp 2.958 trillion in profit.
After the merger, the bank recorded a positive performance with an increase in asset, solid capital, and broader business segment.
Until the end of March 2019, BTPN assets reached Rp192.2 trillion, 101% higher than its assets in the same period last year of Rp.95.8 trillion.
Meanwhile, lending was recorded at Rp 139.84 trillion, growing 114% in the same period. The value of assets and credit is a combination of the balance sheets of BTPN and SMBCI, starting from 1 February 2019.
BTPN's lending growth in the first quarter of 2019 was largely supported by the corporate segment, small and medium enterprises (SME), consumer financing and productive poor financing through its subsidiaries, BTPN Syariah.
Ongki Wanadjati Dana, President and CEO of BTPN, said that the merger was an ideal mix and complementary. Because, BTPN targets the pension and MSME segments. Meanwhile, SMBCI focuses on the corporate segment.
"The bank resulting from the ideal blend merger between BTPN which focuses on the mass market, MSMEs and SMBCI focus on corporates. It has different segments and business models that are complementary," he said. (ARM/AR)