A Company Profile of Indonesian State Controlled Bank Tabungan Negara
Bank Tabungan Negara (BTN) is a state-controlled Indonesian bank that is market leader in the country's mortgage loans sector and is positioned inside the top ten of Indonesian banks in terms of assets and credit loans. The company's business activities focus on three sectors: mortgage loans and consumer banking, housing and commercial banking, and Syariah-banking (Islamic banking). Since the start of 2013, shares of Bank Tabungan Negara have fallen 23.65 percent.
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Bank Tabungan Negara's Financial Highlights:
| 2008 | 2009 | 2010 | 2011 | 2012 | |
| Net Revenues | 1,960 | 2,302 | 3,355 | 3,786 | 4,727 |
| Net Profit | 430 | 490 | 916 | 1,119 | 1,364 |
| Operating Income | 669 | 739 | 1,264 | 1,526 | 1,871 |
| Total Assets | 44,992 | 58,448 | 68,386 | 89,121 | 111,749 |
| Total Liabilities | 41,914 | 53,055 | 61,938 | 81,800 | 101,470 |
| Net Profit per Share¹ | 68 | 76 | 105 | 123 | 148 |
| Non Performing Loan Ratio² | 3.20% | 3.36% | 3.26% | 2.75% | 4.09% |
| Capital Adequacy Ratio (CAR) | 16.14% | 21.54% | 16.74% | 15.03% | 17.69% |
| Cash Dividend per Share¹ | – | – | 31,19 | 25,31 | 39,00 |
| P/E Ratio (x) | – | – | – | 8.8 | 8.5 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
² gross
Source: Bank Tabungan Negara, Annual Report 2012
Future Projection Bank Tabungan Negara's Financial Highlights:
| 2011 | 2012 | 2013F | 2014F | 2015F | |
| Net Revenues | 3,786 | 4,727 | 5,379 | 6,179 | 7,284 |
| Net Profit | 1,119 | 1,364 | 1,407 | 1,540 | 1,736 |
| P/E Ratio (x) | 8.8 | 8.5 | 8.3 | 7.6 | 6.8 |
in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Bank Tabungan Negara, Annual Report 2012 & Investor Daily