BBTN - Delivers solid performance with credit and TPF growth

BBTN - Delivers solid performance with credit and TPF growth Bank Tabungan Negara (BBTN) maintained strong performance in November 2024, with credit and financing reaching IDR355.42 tn, an 8.40% yoy increase. Sharia financing grew significantly by 17.73% to IDR43.64 tn. Third-party funds (DPK) also demonstrated robust growth, reaching IDR366.22 tn, a 10.88% yoy increase. This growth was driven by a 14.47% yoy increase in current accounts and an 11.06% yoy increase in deposits. BBTN President Director Nixon LP Napitupulu previously expressed confidence that the bank's year-end performance would align with its established targets. Specifically, BTN aims for credit and financing growth within a range of 10% to 11%, while third-party funds (DPK) growth is projected to fall within the 10% to 12% range. (Source : Kontan)