Heaptalk, Jakarta — Bank BTPN held an Extraordinary General Meeting of Shareholders (EGMS) on Thursday (08/29), officially approving the company’s name change from Bank BTPN to Bank SMBC Indonesia.
“This step marks the transformation of Bank BTPN to respond to the evolving market dynamics and portfolio. We hope that Bank BTPN can strengthen its position in the domestic market and affirm the company’s relevance to a broader segment through comprehensive and innovative financial services across all business lines,” said Henoch Munandar, President Director of Bank BTPN.
The brand transformation approved by the EGMS reflects a more potent synergy between Bank BTPN and its parent company. PT Bank Tabungan Pensiunan Nasional Tbk merged with PT Bank Sumitomo Mitsui Indonesia in 2019. This step also reinforces Bank BTPN’s identity as a universal bank offering the best services for its customers.
Despite the brand transformation, Bank BTPN and its shareholders remain committed to contributing to the advancement of Indonesia’s economy through various initiatives, such as developing business potential and maintaining financing in the micro, small, and medium enterprises (MSME) sector as well as sustainable economy, enhancing digital capabilities through Jenius, and the Daya program to improve the capabilities of customers and the wider community.
As of June 2024, Bank BTPN recorded sustainable financing disbursement of Rp16.33 trillion—including green loans and loans for MSMEs. In Jenius, credit disbursement grew 134% year-on-year (YoY) to Rp3.1 trillion, and third-party fund management increased by 10% YoY to Rp27.2 trillion. Bank BTPN also reached more than 6.3 million beneficiaries through 4,905 activities from the Daya program.
All these achievements led Bank BTPN to record positive performance throughout the first half of 2024. Bank BTPN’s assets increased by 22% YoY to Rp235.8 trillion, credit disbursement grew by 19% yoy to Rp176.2 trillion, and net interest income rose by 17% to nearly Rp7.0 trillion.
Bank BTPN is optimistic about continuing these achievements and emphasizes that the bank’s product offerings will remain the same with the brand transformation. “Bank BTPN remains committed to continuously adapting and innovating to provide the best products and services, prioritizing ease of service processes, and enhancing customer comfort in transactions to create a more meaningful life for all our customers,” Henoch concluded in his remarks.
