JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BBTN) booked current year’s net profit of IDR 3.5 trillion in 2023, 14.95% higher than IDR 3.04 trillion in 2022. Within the past three years since 2021, this state-owned bank has shown consistent improvement.

Based on Financial Report of 2023 quoted today (13/2), Nixon LP Napitupulu, President Director of BTN, said that total interest and profit-sharing income reached IDR 28.28 trillion, 9.16% higher than IDR 25.90 trillion seen in 2022.

The net income (from interest and profit-sharing) was down 10.44% year-on-year (yoy) to IDR 13.43 trillion from IDR 14.99 trillion in 2022. However, its operating profit was reported increasing 19% to IDR 4.53 trillion from IDR 3.81 trillion recorded in 2022.

In 2023, the total savings from users were IDR 322.50 trillion, growing from IDR 297.09 trillion. The disbursed credits and sharia financing were seen totalling IDR 318.10 trillion, also proliferating from IDR 281.60 trillion.

In 2021, the issuer recorded interest and profit-sharing income of IDR 25.79 trillion, net income (from interest and profit-sharing) of IDR 12.99 trillion, as well as operating profit and current year’s profit of IDR 3.06 trillion and IDR 2.37 trillion, respectively. (LK/ZH)