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BTPN Syariah recorded Rp 1.4 trillion in net profit in 2018

05 March 2020 14:27

JAKARTA - PT Bank Tabungan Pensiunan Nasional Syariah Tbk (BTPS) generated Rp 1.4 trillion in net profit in 2019, 45% higher than the figure recorded by the company in 2018. 

According to its audited financial statements, BTPS distributed Rp 9 trillion of credit last year, 23.7% higher than the figure recorded in 2018 (Rp 7.3 trillion), with an NPL ratio of 1.36%. 

Compliance Director of BTPS Arief Ismail said the company managed to increase its net profit, thanks to the automation and digitalisation process carried out by the company to support its products and services. As a result, the ratio of operational costs compared to operational revenue decreased, from 62.4% (2018) to 58.1% (2019).

BTPS' total asset value also rose by 27.8%, from Rp 12.0 trillion in 2018 to Rp 15.4 trillion. (ARM/AR)

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