BTN Profit Rises 10.6% to Rp 2.3 Trillion in Q3 2025, Driven by Mortgage Growth and Digital Transactions

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JAKARTA, Investortrust.id — State-owned lender PT Bank Tabungan Negara Tbk, or BTN, has recorded a solid performance for the January–September 2025 period, with higher profit, stronger lending, faster third-party fund (DPK) growth, and expanding assets. The results demonstrate that the bank’s ongoing transformation continues to yield positive outcomes for its core business.

In the third quarter of 2025, BTN’s net profit reached Rp 2.3 trillion, marking a 10.6% year-on-year increase from Rp 2.08 trillion in the same period last year.

The profit growth was driven by a surge in interest income, which rose 18.8% year-on-year to Rp 26.57 trillion as of September 2025, outpacing the 2.5% rise in interest expenses to Rp 13.81 trillion. This reflected BTN’s success in expanding low-cost deposits to contain funding costs.

As a result, net interest income jumped 43.5% to Rp 12.76 trillion by the end of the third quarter, while the bank’s net interest margin improved by 101 basis points to 3.9% from 2.9% a year earlier. Efficiency gains also lowered its cost-to-income ratio to 47.8% from 59.9% last year.

“BTN has once again booked solid earnings in the third quarter thanks to our consistent focus on maintaining business growth, especially in housing finance and diverse financial transactions that contribute to the broader economy,” said BTN President Director Nixon LP Napitupulu in a written statement in Jakarta on Thursday, Oct 23, 2025. “These efforts are underpinned by prudence and accurate market assessments.”

Nixon said the bank remains trusted by the public as a preferred transactional bank, as reflected in the 16.0% year-on-year increase in third-party funds to Rp 429.92 trillion, up from Rp 370.75 trillion a year earlier. The growth rate outpaced the national banking industry average of 11.18% as of September 2025.

The increase was driven mainly by growth in lower-cost retail deposits and stronger current and savings accounts (CASA), which now account for nearly half of BTN’s total deposits. A major contributor was the rise in transactions through the bank’s digital superapp Bale by BTN.

The number of Bale by BTN users climbed 66.8% year-on-year to 3.2 million as of the end of the third quarter, while total transactions nearly doubled by 96.0% to 1.53 billion. Transaction value also grew 19.6% to Rp 71.9 trillion, from Rp 60.1 trillion a year earlier.

“The surge in users and transactions through our Bale superapp shows that our digital initiatives are deepening public trust and attracting more deposits,” Nixon said. “Sustainable low-cost funding from these channels will be a key strength for BTN as we move toward becoming a fully transactional bank.”

On the lending side, BTN’s total loans and financing grew 7.0% year-on-year to Rp 381.03 trillion as of September 2025, compared with Rp 356.06 trillion a year earlier. Housing loans accounted for the majority, increasing 6.4% to Rp 322.53 trillion, while non-housing loans rose 10.7% to Rp 58.49 trillion.

In the housing segment, subsidized home loans under the Housing Financing Liquidity Facility (FLPP) reached Rp 186.58 trillion, up 8.0% year-on-year, while non-subsidized mortgages grew 7.3% to Rp 111.33 trillion. The bank attributed this to partnerships with leading property developers and attractive promotional interest rates.

“The government’s decision to raise the FLPP housing quota to 350,000 units this year, with 220,000 units allocated to BTN, has been instrumental in boosting subsidized housing loans,” Nixon said. “With government support and our continued effort, more Indonesians can access affordable housing and improve their living standards.”

Supported by balanced growth in funding and lending, BTN’s loan-to-deposit ratio (LDR) stood at 88.6% in the third quarter, down from 96.0% a year ago, indicating a stronger liquidity position to support intermediation.

The bank’s total assets surpassed the Rp 500 trillion mark ahead of schedule, reaching Rp 510.85 trillion as of September 2025, up 12.2% year-on-year from Rp 455.10 trillion.

Unit Syariah Poised for Spin-off

BTN’s Sharia Business Unit (UUS) continued to strengthen its core business in housing and Islamic financial services as it prepares for its spin-off into a standalone sharia bank. As of the third quarter, the unit posted an 8.4% rise in net profit to Rp 592 billion from Rp 546 billion a year earlier.

Sharia financing grew 19.7% to Rp 51.10 trillion, while third-party funds rose 19.3% to Rp 56.90 trillion. Total assets increased 18.4% to Rp 68.36 trillion from Rp 57.72 trillion last year.

“The UUS is one step away from becoming a full-fledged Islamic commercial bank with significant potential in Indonesia’s sharia banking sector,” Nixon said. “Through the upcoming establishment of Bank Syariah Nasional, we aim to serve more customers under sharia principles and accelerate the growth of Indonesia’s Islamic banking industry.”