PT Bank BTPN Tbk : Bank BTPN’s EGMS Appoints New President Director

Jakarta, 29 September 2022 - The Extraordinary General Meeting of Shareholders (EGMS) of PT Bank BTPN Tbk (Bank BTPN) appointed Henoch Munandar as the new president director today in Jakarta. Henoch's term of office is effective from the closing of the 2022 EGMS until the closing of the Annual General Meeting of Shareholders in 2025.

"Today's EGMS is a form of commitment to ensure a smooth transition in the succession of the president director post at Bank BTPN upon the sudden departure of the president director's frontrunner candidate last March," said Bank BTPN Compliance Director Dini Herdini in the rollout of the EGMS and Public Expose Press Conference that was held online.

"The entire management is confident that under the leadership of the new president director, Bank BTPN will be able to sustain its growth and consistently provide the best service for its customers amid nationwide efforts to bounce back from the COVID-19 pandemic."

Henoch has undergone and fulfilled prior nomination processes, including the fit and proper test administered by the Financial Services Authority (OJK) that deemed him fit for the position.

On the same occasion, Henoch also conveyed the progress of Bank BTPN's performance in the first half of 2022 through a hybrid Public Expose, as a part of information disclosure.

Henoch explained that Bank BTPN has been consistently committed to providing access and information as well as assisting many Indonesians to participate in the national economic recovery. "This effort has also helped Bank BTPN to survive during the pandemic, which is gradually improving, and recorded a strong and robust performance throughout the first half of 2022," Henoch explained.

Henoch said that Bank BTPN's credit disbursement increased by 10% year-on-year (YoY) at the end of June 2022 to IDR149.26 trillion, as part of the implementation of the prudence principles and good governance across the company's business planning and decision making.

Bank BTPN also continues to maintain solid credit quality, as reflected in the gross-NPL ratio which was recorded at 1.35% at the end of June 2022, down from 1.46% in the same period last year, lower than the industry's average of 2.86%. The growth in net profit after consolidated tax attributable to owners of the parent entity increased to IDR1.67 trillion during H1 2022. "As one of the pioneers in digital banking services in the country, Bank BTPN continues to improve the reliability of Jenius with its various features," Henoch said.

Jenius user base expanded by 19% YoY to almost 4 million by the end of June 2022 from around 3.3 million as of June 2021. Third-party funds managed by Jenius also showed an increase of 12% YoY to IDR17.3 trillion at the end of June 2022 from IDR15, 4 trillion in previous year. Flexi cash/Total Disbursement Credit reached IDR602 billion, up 148% YoY from IDR243 billion, he said.

Henoch added that Bank BTPN's solid performance throughout the first half of 2022 was also supported by Daya, Bank BTPN's ongoing program that focuses on empowering and increasing the capacity of customers and society in general by providing opportunities for growth and more meaningful life. As of June 2022, 1.9 million beneficiaries have taken part in Daya program, and engaged in 2,848 activities across Indonesia and via the website www.daya.id.

Bank BTPN has also shown its commitment to continue developing sustainable financing, including in the form of green financing, such as financing for environmentally friendly power plant projects, sustainable plantations, environmentally friendly vehicles, and other projects with a total disbursement of IDR6.16 trillion per H1 2022, or up 67% YoY.

For Bank BTPN's performance in encouraging credit distribution, particularly in green financing, Bank BTPN was awarded Mitra BUMN Champion 2022 namely First Place for the category of private creditor partner of BUMN, as well as First Place for the category of global private creditor for Sumitomo Mitsui Banking Corporation SG (SMBC).

"This performance is a testament to our optimism that the national economic recovery will stay on course as we rebound from the impact of COVID-19 pandemic, and with the support of regulators to maintain macroeconomic and financial system stability," Henoch concluded.