JAKARTA. PT Bank BTPN Tbk (BTPN) has now secured approval from Financial Services Authority (OJK) as a custodian bank that assists institutional and individual investors, both local and international ones.

Nathan Christanto, Head of Wholesale Banking Group of BTPN, mentioned that the company has a commitment as a commercial bank that will bring up the number of investors in the Indonesian capital market. “Through the partnership or collaboration with investors or investment managers, and by utilising the products and services that has been offered in BTPN, including the custodian service,” he added in the official statement.

As a custodian, BTPN will lead transactions of securities, including stocks, bonds, and collective investment (mutual fund). In addition, the bank will also enable the opening of custodian security fund account, as well as security depository service.

Christanto further said that BTPN will focus on facilitating investors in enjoying optimum investment gains by providing comprehensive custodian service. “In addition, BTPN also plans to offer custodian services for cross-border investors through SMBC network, which is projected to be able to consistently promote Indonesian capital market growth,” added Christanto.

According to IDNFinancials data, BTPN managed to collect third-party funds woth IDR 116.37 trillion in Q1 2024. Total credits disbursed in said period reached IDR 186.56 trillion, while net profit was reported slipping 32% year-on-year (yoy) to IDR 544 billion. (KR/ZH)