BTN's Net Profit Plunges 42.6% in Q3 2019

Finance

Lite

Andrea Lidwina 18/11/2019 11:06 WIB

URL has been copied

Memuat...

Bank Tabungan Negara's net profit reached Rp 801.5 billion during the January-September 2019 period. However, this figure decreased drastically by 42.6% compared to the same period in the previous yea

A Font Kecil
A Font Sedang
A Font Besar

Access single data

BTN's Net Profit Plunges 42.6% in Q3 2019

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

BTN Net Profit for Quarter III

Download

Source

A Small Font
A Medium Font
A Bigger Font

PT Bank Tabungan Negara Tbk (BBTN)'s net profit was recorded at only Rp 801.5 billion for the January-September 2019 period. This figure represents a drastic 42.6% decrease compared to the same period in the previous year.

The Acting President Director of BTN, Oni Febriarto, stated that the decline in net profit was due to an increase in the allocation for the Allowance for Credit Losses (ACL), or anticipation of credit risk. The allocation increased to Rp 2.18 trillion from the previous Rp 1.79 trillion.

Over the past five years, BTN's highest net profit in the third quarter was recorded in 2017, reaching Rp 2 trillion. Unfortunately, this figure has declined significantly to the present year.

Editor : Safrezi Fitra

"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."