So like, there’s this news about BTN making a big profit in the first quarter of 2025. They raked in a cool Rp904 billion in net profits in the first three months of the year. It’s like a 5.1% increase from last year’s Rp860 billion profit. Not sure why this matters, but hey, it’s news.
The growth was all thanks to the loans and financing they’ve been giving out. BTN managed to loan out Rp363.11 trillion in the first quarter of 2025, mostly for home loans, both subsidized and non-subsidized. These loans increased by 5.5% from the first quarter of 2024, which was around Rp344.24 trillion.
They also gave out a bunch of subsidized home loans, totaling Rp179.70 trillion by the end of March 2025, which is a 7.6% increase from the same time last year. And non-subsidized home loans also grew by 8.1% to Rp106.80 trillion in the first quarter of 2025.
The big boss of BTN, Nixon LP Napitupulu, said they’re doing well despite tough competition and high costs. He mentioned something about stable economic growth and government programs for national housing development.
In addition to home loans, BTN also saw an increase in high-yield loans like KUR, KAR, and KRING, totaling Rp16.4 trillion, up by 9.5% in the first three months of 2025. This growth was driven by some partnership strategies.
Not just loans, but BTN also saw an increase in Third-Party Funds (DPK) to Rp384.70 trillion in the first quarter of 2025, which is a 7.5% rise from last year. Nixon explained that this growth was supported by an increase in savings and current accounts.
According to Nixon, the CASA at BTN increased by 10.1% year on year, reaching Rp196.67 trillion in the first quarter of 2025. This contributed to 51.1% of the total DPK, reducing funding costs to 4.0% from 4.2% in March last year.
With the company’s efforts to lower funding costs and increase loans, especially in high-margin segments, BTN improved its net interest margin to 3.6% in the first quarter of 2025, up from 3.3% in the same period in 2024.
