PT Bank Tabungan Negara (Persero) Tbk recorded a sharp increase in net profit at the start of 2026, with earnings rising around 578% year-on-year (24/02).

The bank’s monthly financial report for January 2026 shows net profit reached Rp230 billion, up significantly from Rp34 billion in January 2025.

Interest Income Growth and Lower Interest Expenses Boost Profit

The report indicates that the profit growth was supported by an increase in interest income, which grew 17.08% year-on-year.

At the same time, the bank reduced its interest expenses by 14.53% compared with the same period last year.

With these results, the bank, listed under the stock code BBTN, recorded a 79.46% year-on-year increase in Net Interest Income (NII).

Third-Party Funds and Lending Continue to Increase

As of January 2026, BTN also reported growth in third-party funds. Third-party funds increased 11.52% year-on-year to Rp362.77 trillion.

Loan distribution also grew 9.30% year-on-year to Rp341.45 trillion during the same period.

The improvement in funding and lending supported BTN’s asset growth, which rose 12.26% year-on-year to Rp448.34 trillion in January 2026.

CEO Confident in Stronger Performance Through Transformation

Previously, BTN President Director Nixon LP Napitupulu expressed confidence that the bank could achieve a 22% increase in net profit by the end of this year.

He said the optimism is supported by the company’s improving balance sheet and several strategic initiatives, including the beyond mortgage strategy, superapps development, and transformation across various business lines.

“We are optimistic that performance this year will improve further along with the transformation and innovations carried out by the company,” Nixon said.

PHOTO: BTN

This article was created with AI assistance.

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