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BTPN Syariah obtained Rp 609.77 billion in profit in 1H 2019

26 July 2019 08:51

JAKARTA. PT Bank Tabungan Pensiunan Nasional Syariah Tbk (BTPS) recorded a net profit of Rp 609.77 billion in the first half of this year, 35.88% higher from the number recorded at the same period last year.

Ratih Rachmawaty, President Director of BTPS, said that the net profit in the first semester of this year was supported by 24% credit growth to 8.54 trillion. In the same period last year, the subsidiary of PT Bank Tabungan Pensiunan Nasional (BBTN), disbursed Rp 6.87 trillion of credit.

In addition, Rachmawaty also said that credit disbursement was supported by improved credit quality. BTPS' Non Performing Financing (NPF) ratio in the period was at the level of 1.34%, while in the first half of last year it was 1.65%.

Rachmawaty added, the improvement of NPF ratio in the first half of this year was also influenced by the segment targeted by the company. "We continue to focus on serving productive Indonesian poor families," Rachmawaty explained to idnfinancials.com.

Until the end of June, BTPS' Third Party Funds (TPF) had increased by 27% to Rp 8.88 trillion. The company's capital adequacy ratio is at 39.4%. (KR/AR)

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