REPUBLIKA.CO.ID, JAKARTA -- Medium-sized lender, Bank Tabungan Pensiunan Nasional (BTPN) recorded a net profit of 493 billion IDR in the first quarter 2014 or grew by eight percent compared to fourth quarter of 2013. Company managed to channel loans of 47 trillion IDR or grew 14 percent compared to same period last year.
According to BTPN's director Jerry Ng, company plans to balance its adequate liquidity. Company's third party fund has reached 49.3 trillion IDR per March 31, 2014 or grew six percent from 46.6 trillion IDR in same period last year.
"With this strategy, company's loan to deposit ratio (LDR) will be maintained at level of 95 percent. Our liquidity ratio has reached 84 percent, a very strong and healthy portion driven by bonds funding," Jerry said on Tuesday.
Credit and deposit growth increased company's assets by eight percent year on year (yoy) from 62.6 trillion IDR to 67.3 trillion IDR in March 2014. Capital adequacy ratio (CAR) was recorded 24 percent.
Jerry is optimistic about future growth of BTPN. With a strong CAR and merger of Sumitomo Mitsui Banking Corporation (SMBC), he believes that it will strengthen company's business. BTPN now has two major shareholders, namely TPG Nusantara S.a.r.l (25.88 percent) and SMBC (40 percent).
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