JAKARTA – PT Bank Tabungan Negara Tbk (BBTN) is strengthening its business fundamentals in 2025 by increasing its Loan Loss Provisions (CKPN) to prepare for global economic pressures.

Nixon LP Napitupulu, President Director of BBTN, stated in the January 2025 financial report that BBTN increased its CKPN by 27.56% year-on-year (yoy).

"Despite economic challenges, BBTN continues to show positive performance with increased loan disbursement and growth in Third-Party Funds (DPK) throughout January 2025," he said in an official statement on Saturday (2/3).

BBTN's total loan disbursement reached IDR 356.99 trillion, up 7.1% yoy compared to the same period last year at IDR 333.28 trillion.

For sharia-based financing, BBTN achieved significant growth of 18% yoy, reaching IDR 44.5 trillion from IDR 37.7 trillion.

This performance in sharia business aligns with the double-digit growth that has consistently been achieved over recent years, providing a foundation for BTN Syariah as it progresses through the spin-off process to become a fully-fledged sharia bank.

In today's first trading session (3/3) as of 11.41 AM WIB, BBTN's stock price rose by 5.39%, from IDR 835 to IDR 880 per share. (DK/ZH/VA)