PT Bank Tabungan Negara Tbk (BBTN) reported a net profit of Rp 209.3 billion in 2019. This figure represents a drastic decrease compared to the previous year, due to a surge in non-performing loans. The non-performing loan (NPL) ratio doubled to 4.78%.
Over the past five years, the net profit of this state-owned bank steadily increased until 2017, reaching Rp 3 trillion. However, a decline occurred in subsequent years, namely 7.3% in 2018 and 92.5% last year.
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