Loans grow 10%, BBTN profit jumps 22.6% to surpass IDR 1.1 trillion in Q1 2026.
BBTN – PT. Bank Tabungan Negara (Persero) Tbk
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JAKARTA – PT Bank Tabungan Negara (Persero) Tbk (BBTN) recorded loan growth of 10.3% year on year as of the end of the first quarter of 2026, reaching IDR 400.6 trillion.
According to the company’s presentation, 82.4% of loans as of March 2026 were still driven by housing loans, while the remaining 17.6% came from non-housing segments, including consumer, commercial and corporate lending.
BBTN is closely associated with mortgage products. However, this segment grew only 6.8% to IDR 306.1 trillion. Meanwhile, construction loans declined by 9.3%.
On the other hand, non-housing loans posted solid performance, led by corporate lending, which surged 51.9%, followed by consumer loans at 14.4% and commercial loans at 12.3%.
On the funding side, BBTN also recorded third-party funds growth of 9.9% to IDR 422.7 trillion, including government funds placed at the bank amounting to IDR 28 trillion.
As a result, the company’s loan-to-deposit ratio (LDR) stood at 94.8% at the end of March 2026.
The strong loan growth was accompanied by stable asset quality, with gross non-performing loans (NPL) maintained at 3.1% and net NPL slightly rising to 1.8%.
Following these results, BBTN posted a 13% increase in net interest income to IDR 4.3 trillion, while net profit rose 22.6% to IDR 1.1 trillion in the first quarter of 2026. (ZH)