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These are the Shareholders of Bank BTPN

30/01/2018 11:07 WIB

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Shareholders of PT Bank Tabungan Pensiun Nasional Tbk (September 2017)

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These are the Shareholders of Bank BTPN

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Shareholders of PT Bank Tabungan Pensiun Nasional Tbk (September 2017)

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Sumitomo Mitsui Banking Corporation (SMBC) plans to merge PT Bank Tabungan Pensiun Nasional Tbk (BTPN) with Sumitomo Mitsui Indonesia Bank (BSMI). SMBC is the controlling shareholder in both BTPN and BSMI.

Since 2014, SMBC has been the largest shareholder in BTPN, holding 40% (2.34 billion shares). Meanwhile, Summit Global Capital Management B.V. has held 20% (1.17 billion shares) of BTPN since 2015. In total, these two Japanese investors control 60% of BTPN's shares. Public ownership amounts to 28.35% (1.66 billion shares).

Based on financial reports as of September 2017, BTPN's assets totaled Rp 93.79 trillion, while BSMI's assets reached Rp 68.59 trillion. A merger would combine their assets to approximately Rp 162.37 trillion, placing the resulting entity among the top 10 banks by assets.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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These are the Shareholders of Bank BTPN

These are the Shareholders of Bank BTPN

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