BTN's Net Profit Falls in the Last Two Years

Andrea Lidwina 19/02/2020 17:42 WIB

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BTN's net profit increased until 2017. However, it declined in subsequent years.

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BTN's Net Profit Falls in the Last Two Years

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BTN's Annual Net Profit

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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.

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."