PT Bank Tabungan Negara (Persero) Tbk, lit. "National (State) Savings Bank", abbreviated and trading as BTN (currently stylized in its logo in all-lowercase), is an Indonesian commercial bank best known as a mortgage bank, headquartered in Gambir, Jakarta.[3]

PT Bank Tabungan Negara (Persero) Tbk
    • Bank BTN (1998–2024)
    • BTN (2024–present)
Company typePublic
IndustryFinance and Banking
Founded1897; 127 years ago (1897) (as Postspaarbank)
9 February 1950; 74 years ago (1950-02-09) (official founding date)
FounderGovernment of the Dutch East Indies
HeadquartersMenara BTN, ,
Key people
  • Nixon Napitupulu (President Director)
  • Chandra Hamzah (President Commissioner)
RevenueDecrease Rp 13.430 trillion (2023)[2]
Increase Rp 4,538 trillion (2023)[2]
Increase Rp 3.5 trillion (2023)[2]
Total assetsIncrease Rp 439 trillion (2023)[2]
Total equityIncrease Rp 30,479 trillion (2023)[2]
OwnerGovernment of Indonesia (60%)
Number of employees
Increase 12.045 (2023)[2]

Founded in 1897 by the government of the Dutch East Indies as a post office savings 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.[3]


Postspaarbank building in Batavia (1938)

Bank Tabungan Negara was established in 1897 as a postal savings bank under the name Postspaarbank, with its headquarters located in Batavia. During the Japanese occupation of Indonesia, the bank was frozen and replaced with the Savings Office (Japanese: 貯金局, Hepburn: Chokin-kyoku, Nihon-shiki: Tyokin-kyoku) 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).[4] In 1963 the bank's current name, Bank Tabungan Negara, was adopted.[5] Bank BTN became the first bank to be appointed by the government to provide housing finance and mortgages to lower and middle income individuals.[6]

The bank underwent a corporate restructure in 2003, which was followed by an initial public offering (IPO) in 2009 that led to the listing of Bank BTN on the Indonesia Stock Exchange.[7] The IPO was ranked as Indonesia's largest IPO as of 2009.[8]

Logo history


The previous logo of Bank Tabungan Negara (BTN[9]) consists of two main elements, namely logogram and logotype. The BTN logogram is a picture of a house which symbolizes a dream home. The previous BTN logotype consists of the words "BTN" using a sans-serif font and "Bank" in italic roman font.

BTN officially introduced the new logo to the public through its 74th anniversary celebration on 3 March 2024 at Indonesia Arena, Gelora Bung Karno Sports Complex, Jakarta.[10]


BTN building in Kebumen, Central Java

Bank Tabungan Negara's operations are divided into six regions; Sumatera, Java, Bali & Nusa Tenggara, Kalimantan, 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.[4]



The stock of Bank Tabungan Negara is listed on the Indonesia Stock Exchange, where it trades under the symbol BBTN. As of 31 December 2014, shareholding in the bank's stock was as indicated in the table below:[4]

Bank Tabungan Negara Stock Ownership
Rank Name of Owner Percentage Ownership
1 Government of the Republic of Indonesia 60.13
2 Public, via the Indonesia Stock Exchange 38.75
3 Employee stock ownership plan 1.12
Total 100.00

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.[6]



As of the Annual General Shareholders Meeting on 6 March 2024,[11][12] Bank Tabungan Negara (BTN) announced a reorganization of its board of directors and commissioners.

Board of Commisioners

  • Commissioner President/Independent: Chandra M. Hamzah
  • Vice Commissioner President/Independent: Iqbal Latanro
  • Independent Commissioners: Armand B. Arief, Sentot A. Sentausa, Adi Sulistyowati, Bambang Widjanarko
  • Commisioners: Herry Trisaputra Zuna, Himawan Arief Sugoto, Andin Hadiyanto

Board of Directors

  • President Director: Nixon L.P. Napitupulu
  • Vice President Director: Oni Febrianto Rahardjo
  • Director of Information Technology: Andi Nirwoto
  • Director of Assets Management: Elisabeth Novie Riswanti
  • Director of Distribution and Institutional Funding: Jasmin
  • Director of Risk Management: Setiyo Wibowo
  • Director of Consumer: Hirwandi Gafar
  • Director of Finance: Nofry Roni Poetra
  • Director of Human Capital, Compliance, and Legal: Eko Waluyo
  • Director of Operations and Consumer Experience: Hakim Putratama
  • Director of SME and Retail Funding: Muhammad Iqbal

Sharia Supervisory Board[13]

See also



  1. ^ "Breaking: BTN Tunjuk Nixon LP Napitupulu Jadi Dirut Baru". CNBC Indonesia. Retrieved 22 February 2024.
  2. ^ a b c d e f "Laporan Tahunan 2023" (PDF) (in Indonesian). btn. Retrieved 22 February 2024.
  3. ^ a b "Profile: Bank Tabungan Negara (Persero) Tbk PT (BBTN.JK)". Reuters. Thomson Reuters. Retrieved 22 November 2015.
  4. ^ a b c "PT Bank Tabungan Negara (Persero) Tbk. 2014 Annual Report" (PDF). Bank BTN. 31 December 2014. Retrieved 26 November 2015.
  5. ^ "History of Bank BTN". Bank BTN. Retrieved 26 November 2015.
  6. ^ a b "PT Bank Tabungan Negara (Persero) Tbk – Roadshow Presentation October 2012" (PDF). Bank BTN. Retrieved 26 November 2015.
  7. ^ "Harga Saham IPO BTN Rp800 Per Lembar". ANTARA News. 2 December 2009. Retrieved 26 November 2015.
  8. ^ "CIMB Group – 2009 Annual Report" (PDF). CIMB Group. 31 December 2009. Retrieved 26 November 2015.
  9. ^ "5 Logo Bank BUMN Di Indonesia ( BRI, MANDIRI, BNI, BSI, BTN) -". 11 December 2023. Retrieved 13 December 2023.
  10. ^ "BTN Ganti Logo Baru, Begini Maknanya!". rizensia (in Indonesian). 3 March 2024. Retrieved 3 March 2024.
  11. ^ Arini, Shafira Cendra (6 March 2024). "Gelar RUPS, BTN Tebar Dividen Rp 700,19 Miliar". Detik. Retrieved 7 March 2024.
  12. ^ Aprilia, Zefanya (6 March 2024). "Hasil RUPS BTN 2024: Dua Eks Direktur BNI dan Pejabat OJK Merapat". CNBC Indonesia. Retrieved 7 March 2024.
  13. ^ "Manajemen BTN". BTN. 8 March 2024. Retrieved 8 March 2024.