Bank Tabungan Negara Overview and Profile

Bank Tabungan Negara (BTN) is a state-owned bank in Indonesia that was established in 1895. It has a long history of providing banking services to the public.

With a focus on serving the needs of low-income individuals and families, BTN has become a trusted name in the country. Its mission is to provide financial services that promote economic growth and social welfare.

BTN has a strong presence in Indonesia, with over 1,000 branches across the country. This widespread network allows it to reach a large number of customers and provide them with convenient access to banking services.

Bank Tabungan Negara has a rich history that spans over a century. It was founded on October 16, 1897, as Postspaarbank, with its first office located in a building with Dutch architecture in Molenvliet West 1 (now Jalan Gajah Mada No.1).

The bank's early success was marked by the opening of four new branches in Makassar, Surabaya, Jakarta, and Medan between 1928 and 1934. This expansion was facilitated by the growing interest of the public in banking services.

In 1930, the bank began using electronic accounting machines, marking the start of its transformation. However, the bank's operations were suspended during the Japanese occupation, and it was renamed Kantor Tabungan Tjokin Kjokoe in 1942.

The bank's name was changed again to Kantor Tabungan Pos in 1945, after Indonesia gained independence. However, the bank's operations were disrupted by the Dutch aggression, and it was forced to close in 1946.

The bank reopened in 1949 and was renamed Bank Tabungan Negara in 1963. This change marked a significant shift in the bank's operations and identity. The bank has since undergone several transformations, including a change in its logo in 1980, which was designed by Rudi Sri Handoko from Sidoarjo, Jawa Timur.

Today, Bank Tabungan Negara is a prominent player in the Indonesian banking industry, with a long history of providing financial services to the public.

You might like: Bank Negara Annual Report

BTN was founded on October 16, 1897, as Postspaarbank, with its office located in a Dutch-style building at Molenvliet West 1 (now Jalan Gajah Mada No.1).

The bank's expansion began in 1928, with the opening of 4 new branches in Makassar, Surabaya, Jakarta, and Medan. This growth continued until 1934.

In 1930, Postspaarbank started using electronic accounting machines, marking the beginning of its transformation.

Pembekuan operasi perbankan di wilayah Hindia Belanda terjadi pada 4 Maret 1942, dengan manajemen bank di Bandung dipanggil oleh penguasa baru.

The Japanese military officially liquidated Postspaarbank on April 1, 1942, renaming it Kantor Tabungan Tjokin Kjokoe (Biro Deposito).

Tyokin Kyoku, the new name of Postspaarbank, failed to succeed due to Indonesia's severe economic condition, leading to its operational halt in August 1945.

After Indonesia's independence on August 17, 1945, the name Tyokin Kyoku was changed to Kantor Tabungan Pos, with Darmosoetanto as its first director.

Kantor Tabungan Pos played a significant role in facilitating the exchange of Japanese currency for Oeang Republik Indonesia (ORI) during the early days of independence.

However, the bank's operations were severely disrupted by the Dutch aggression in 1946, with the Dutch occupying the bank's headquarters and branches across Indonesia.

The Dutch re-established Postspaarbank in Indonesia on May 1, 1946, effectively shutting down Kantor Tabungan Pos.

It wasn't until 1949 that Kantor Tabungan Pos resumed operations after being renamed Bank Tabungan Pos Republik Indonesia, and later Bank Tabungan Pos in 1950, following the implementation of Undang-Undang Darurat No.9/1950.

See what others are reading: New Bank of Baroda

Bank Tabungan Negara (BTN) has a rich history that dates back to 1949 when Indonesia gained independence. The bank's operations began in 1950 after the name change from Postspaarbank to Bank Tabungan Pos.

In 1953, Bank Tabungan Pos was established as a badan hukum under the Ministry of Transportation and was allowed to open branch offices. A decade later, in 1963, the bank changed its name to Bank Tabungan Negara, marking a significant shift in its operations.

The bank's operations were later integrated into Bank Sentral in 1965, but it was re-established in 1968 through a law that allowed it to reopen as a separate entity. This marked the beginning of a new era for the bank, which has since become a prominent player in the Indonesian banking industry.

In 1971, BTN began collaborating with Perum Pos and Giro to implement the Tabungan Pembangunan Nasional (Tabanas) and Tabungan Asuransi Berjangka (Taska) programs. This partnership marked a significant milestone in the bank's history, paving the way for its future growth and development.

Curious to learn more? Check out: History of the Bank of America

The bank's role in the housing sector also began to take shape in the 1970s. In 1974, the Minister of Finance appointed BTN as the primary provider of housing loans, or Kredit Pemilikan Rumah (KPR), to support the government's housing development initiatives. This move aimed to encourage Indonesians to save and invest in housing through the bank.

In the 1980s, Bank Tabungan Pos underwent a significant transformation by changing its name to Bank Tabungan Negara.

This name change marked the beginning of a new era for the bank, and a logo that was first introduced in 1970 made its appearance. However, this logo didn't last long, and a new one was introduced in 1980.

The new logo was a result of a design competition won by Rudi Sri Handoko from Sidoarjo, Jawa Timur. This logo was not the only change, as the bank's logo underwent three significant transformations in the following years, each reflecting the changing times and the era of new banking.

As the years went by, the logo continued to evolve, adapting to the changing landscape of the banking industry.

Bank Tabungan Negara offers a wide range of products to cater to different financial needs. BTN Konvensional and BTN Syariah are two main product lines, each with its own set of offerings.

BTN Konvensional includes products like Tabungan Transaksional, Tabungan Investasi Berjangka, and Kartu Debit BTN, among others. Tabungan Transaksional, for instance, comes in various forms such as BTN Bisnis, BTN Felas, and BTN Batara.

BTN Syariah, on the other hand, offers products like Tabungan Transaksional, Tabungan Investasi, and Kredit Usaha. For example, Tabungan Transaksional includes Tabungan BTN Batara iB and Tabungan BTN Prima iB.

Here are some examples of products offered by BTN:

If you're looking for a career opportunity in a reputable company, you might want to check out Bank Tabungan Negara (Persero) Tbk, also known as Bank BTN.

The company offers a program called Officer Development Program (ODP) Collection, which allows you to develop your career and contribute to various regions in Indonesia.

You'll learn and work while playing a direct role in supporting the sustainability of loan portfolios and regional economic growth through responsible loan management.

Bank BTN trains you comprehensively in technical, managerial, and leadership skills, making you ready to become a professional, adaptable, and dedicated representative of the bank.

To be eligible for this program, you'll need to have a minimum of a D4 or S1 degree from a reputable Indonesian university, with an IPK of at least 3.00 on a 4.00 scale.

Here are the key qualifications:

If you're interested and meet the qualifications, you can proceed with online registration.

BTN's corporate structure is led by a strong team of directors, appointed by the Annual General Meeting of Shareholders (RUPS) in March 2024.

The company has a clear chain of command, with Nixon L.P. Napitupulu serving as the Director General.

BTN's leadership team includes several key directors, each responsible for a specific area of the business.

Here's a breakdown of the directors and their roles:

BTN's leadership team is well-equipped to drive the company's growth and success.

The current Director of BTN is Nixon L.P. Napitupulu, who has been in the position since 16 March 2023.

BTN has had a number of Directors throughout its history, with Kodradi being the first to hold the position from 16 May 2000 to 19 December 2007.

Here's a list of all the Directors of BTN:

BTN offers a variety of products, including BTN Konvensional, BTN Prioritas, and BTN Syariah.

BTN Syariah is a Strategic Bussiness Unit (SBU) of BTN that operates based on Sharia principles, starting its operations on February 14, 2005.

BTN Syariah offers several products, such as Giro BTN iB, Giro BTN Investa iB, Tabungan BTN Batara iB, Tabungan BTN Prima iB, Tabungan BTN Haji iB, Deposito BTN iB, and TabunganKu iB.

Here's a list of some of the products offered by BTN:

BTN has undergone significant transformations over the years, with a notable milestone being the issuance of a $266.55 million loan from the World Bank in 1986.

The bank's expansion continued in the following years, with the issuance of its first bond worth Rp 50 billion in 1989. BTN also received permission to accept giro deposits and participate in clearing in the same year.

In 1992, BTN officially began operating as a universal bank, and in 1994, it obtained a permit to operate as a foreign exchange bank.

BTN implemented a real-time online system based on IBM-AS400 technology in 2002, and established a Shariah division in 2008.

The bank secured an ISO 9001-2000 certification for its medium-term loan services in 2008 and issued its first mortgage-backed securities (KPR) worth Rp 111 billion in 2009.

BTN's expansion continued with the issuance of a larger mortgage-backed securities worth Rp 1.5 trillion in 2014.

The bank has set a new vision to become the best mortgage bank in Southeast Asia by 2025, focusing on strengthening its fundamentals and improving its financial structure.