BTN Records Rp 625 Billion Net Profit in Q1 2021

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Andrea Lidwina 30/04/2021 11:00 WIB

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PT Bank Tabungan Negara Tbk (BBTN) recorded a net profit of Rp 625.1 billion in Q1 2021. This figure is 36.75% higher than the same period in the previous year.

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BTN Records Rp 625 Billion Net Profit in Q1 2021

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BTN's Net Profit for Quarter I

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PT Bank Tabungan Negara Tbk (BBTN) recorded a net profit of Rp 625.1 billion in Q1 2021. This figure is up 36.75% compared to the same period in the previous year, which was Rp 457.1 billion.

The increase in the company's net profit was driven by a 2.99% increase in interest income to Rp 6.35 trillion. This interest income was derived from credit and financing disbursement.

Meanwhile, BTN's interest expense decreased by 10.28% from Rp 3.99 trillion to Rp 3.58 trillion. Thus, BTN's net interest income increased by 27.32% to Rp 2.77 trillion.

Editor : Dimas Jarot Bayu

"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."