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PT Bank Tabungan Negara (Persero) Tbk (lit. "State Savings Bank"),
trading as Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct excha ...
Bank BTN, is an Indonesian
commercial bank A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with co ...
best known as a mortgage bank, headquartered in Gambir, Jakarta. Founded in 1897 by the government of the Dutch East Indies as a
post office savings bank Post Office Savings Bank is a name used by postal savings systems in several countries, including: * New Zealand, later renamed the PostBank * United Kingdom, later renamed the National Savings and Investments * Singapore, later renamed POSB Bank * ...
, its products include banks accounts (savings, current, and fixed deposit), loans (personal, business, and mortgage loans—the latter being its most popular offering since its introduction in the 1970s) and Sharia-compliant banking services.


History

Bank Tabungan Negara was established in 1897 as a
postal savings Postal savings systems provide depositors who do not have access to banks a safe and convenient method to save money. Many nations have operated banking systems involving post offices to promote saving money among the poor. History In 1861, ...
bank under the name Postspaarbank, with its headquarters located in Batavia. During the
Japanese occupation of Indonesia The Empire of Japan occupied the Dutch East Indies (now Indonesia) during World War II from March 1942 until after the end of the war in September 1945. It was one of the most crucial and important periods in modern Indonesian history. In Ma ...
, the bank was frozen and replaced with the After the proclamation of Indonesian independence, the bank was taken over by the Indonesian government on 9 February 1950 under the Emergency Law No.9 and renamed Bank Tabungan Pos (Postal Savings Bank). In 1963 the bank's current name, Bank Tabungan Negara, was adopted. Bank BTN became the first bank to be appointed by the government to provide housing finance and mortgages to lower and middle income individuals. The bank underwent a corporate restructure in 2003, which was followed by an
initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...
(IPO) in 2009 that led to the listing of Bank BTN on the Indonesia Stock Exchange. The IPO was ranked as Indonesia's largest IPO as of 2009.


Operations

Bank Tabungan Negara's operations are divided into six regions;
Sumatera Sumatra is one of the Sunda Islands of western Indonesia. It is the largest island that is fully within Indonesian territory, as well as the sixth-largest island in the world at 473,481 km2 (182,812 mi.2), not including adjacent is ...
,
Java Java (; id, Jawa, ; jv, ꦗꦮ; su, ) is one of the Greater Sunda Islands in Indonesia. It is bordered by the Indian Ocean to the south and the Java Sea to the north. With a population of 151.6 million people, Java is the world's mo ...
, Bali & Nusa Tenggara,
Kalimantan Kalimantan () is the Indonesian portion of the island of Borneo. It constitutes 73% of the island's area. The non-Indonesian parts of Borneo are Brunei and East Malaysia. In Indonesia, "Kalimantan" refers to the whole island of Borneo. In 2019, ...
, Sulawesi, and Papua & Maluku. As of December 2014, these regions gave the bank a total of 820 branches, 2,951 post office access points, and 1,830 ATMs, served by 8,582 employees.


Ownership

The stock of Bank Tabungan Negara is listed on the Indonesia Stock Exchange, where it trades under the symbol BBTN. , shareholding in the bank's stock was as indicated in the table below: Due to being majority held by the Indonesian government, Bank Tabungan Negara is considered to be one of the four state owned banks in Indonesia.


Governance

Bank Tabungan Negara is governed by a six-person Board of Commissioners. , Chandra M. Hamzah became the President Commissioner, succeeding Mardiasmo. The President Director is Maryono.


See also

* List of banks in Indonesia * Financial Services Authority of Indonesia


References

{{authority control 1897 establishments in the Dutch East Indies 2009 initial public offerings Banks established in 1897 Banks of Indonesia Indonesian brands Government-owned companies of Indonesia Companies listed on the Indonesia Stock Exchange Postal savings system