JAKARTA. The net interest income of PT Bank Tabungan Negara (Persero) Tbk (BBTN) or BTN in the first quarter of 2021 increased by 27.32% and pushed the achievement of net profit to IDR 625 billion, or grew 36.75% (yoy).
In detail, BTN's interest income rose 2.99% to IDR 6.35 trillion and on the other hand, BTN succeeded in generating interest expenses of 10.28% from IDR 3.99 trillion to IDR 3.58 trillion. Interest income increased due to the 3.19% increase in credit and financing to IDR 261.34 trillion.
Subsidized housing loans (KPR) were recorded as the largest contributor to BBTN credit growth with an increase of 9.04% yoy to IDR 122.96 trillion per quarter I-2021. Non-subsidized KPR also started to slightly increase 0.2% (yoy) to IDR 80.15 trillion. Meanwhile, overall credit growth in the housing segment grew by 3.23% yoy to IDR 236.57 trillion.
President Director of Bank BTN Haru Koesmahargyo said that his party will continue to innovate in order to generate positive growth, especially to support national economic recovery. Bank BTN also continues to strengthen reserves to anticipate various risks that arise due to pandemic pressure.
“Our main mission is to provide housing especially for low-income people. In the future, we will continue to innovate so that more and more people have housing while creating positive and sustainable business growth," said Haru at the Bank BTN Performance Exposure Press Conference for the first quarter of 2021, last week. (AM/LM)