BTPN Syariah Company Profile

Background

Overview

BTPN Syariah, officially known as PT Bank BTPN Syariah Tbk, is Indonesia's 12th Sharia Commercial Bank, established on July 14, 2014. It operates as a subsidiary of PT Bank Tabungan Pensiunan Nasional Tbk (BTPN), with a 70% ownership stake. The bank focuses on financial inclusion by providing Sharia-compliant banking products and services to underserved communities, particularly targeting remote, unbanked populations and lower-income segments. Through its Daya program, BTPN Syariah also offers financial education to promote sustainable livelihoods and healthier communities.

Mission and Vision

• Mission: To work together to create growth opportunities and attain a more purposeful life.

• Vision: To become the best Sharia Bank that promotes financial inclusion and, in so doing, make a change in the lives of millions.

Core Values

• Professionalism

• Integrity

• Respect

• Teamwork

Key Strategic Focus

Core Objectives

BTPN Syariah aims to enhance financial inclusion by offering accessible and Sharia-compliant banking solutions to underserved communities, thereby improving their economic well-being and fostering sustainable development.

Areas of Specialization

• Financial Inclusion: Providing banking services to remote and unbanked communities.

• Women Empowerment: Focusing on empowering women in lower-income segments through financial education and support.

• Sharia-Compliant Banking: Offering products and services that adhere to Islamic banking principles.

Key Technologies Utilized

BTPN Syariah leverages modern technologies to enhance its banking services, including:

• Digital Banking Platforms: Utilizing mobile and internet banking services to reach a broader customer base.

• Data Analytics: Employing data-driven insights to understand customer needs and improve service delivery.

Primary Markets Targeted

The bank primarily serves:

• Remote and Unbanked Communities: Individuals without access to traditional banking services.

• Lower-Income Segments: Families and individuals in need of financial support and education.

Financials and Funding

Funding History

BTPN Syariah has undergone significant financial developments since its inception:

• Initial Public Offering (IPO): The bank was listed on the Indonesia Stock Exchange on May 8, 2018, marking a significant milestone in its financial journey.

Recent Financial Performance

As of the third quarter of 2025, BTPN Syariah reported:

• Net Income: Rp 967,983 million, an increase from Rp 764,470 million in the same period the previous year.

• Total Assets: Rp 22,217,651 million as of September 30, 2025, up from Rp 21,736,656 million at the end of 2024.

• Shareholders' Equity: Rp 10,007,997 million, an increase from Rp 9,305,286 million at the end of 2024.

Notable Investors

The bank's major shareholders include:

• PT Bank SMBC Indonesia Tbk: Holding a 70% stake.

• Public Shareholders: Holding a 30% stake.

Utilization of Capital

The capital raised through the IPO and other funding sources is utilized for:

• Expansion of Services: Enhancing the reach and quality of banking services to underserved communities.

• Technological Advancements: Investing in digital platforms and infrastructure to improve service delivery.

• Financial Education Programs: Supporting initiatives like the Daya program to empower communities through financial literacy.

Pipeline Development

Key Initiatives

BTPN Syariah focuses on:

• Product Development: Creating new Sharia-compliant financial products tailored to the needs of underserved communities.

• Service Expansion: Increasing the number of community centers and operational offices to reach more customers.

• Digital Transformation: Enhancing digital banking capabilities to provide accessible services.

Target Conditions

The bank aims to address:

• Financial Exclusion: Bringing banking services to remote and unbanked populations.

• Economic Empowerment: Improving the financial stability and growth opportunities for lower-income segments.

Anticipated Milestones

• Service Expansion: Increasing the number of community centers and operational offices across Indonesia.

• Digital Banking Growth: Enhancing mobile and internet banking user engagement and satisfaction.

Technological Platform and Innovation

Proprietary Technologies

BTPN Syariah utilizes:

• Digital Banking Platforms: Offering mobile and internet banking services to enhance accessibility.

• Data Analytics Tools: Analyzing customer data to tailor products and services effectively.

Significant Scientific Methods

The bank employs:

• Data-Driven Decision Making: Utilizing analytics to inform strategic planning and service development.

• Agile Methodologies: Adopting flexible and responsive approaches to product and service development.

Leadership Team

Executive Profiles

• Hadi Wibowo: President Director. Under his leadership, BTPN Syariah has focused on serving underprivileged families and promoting financial inclusion.

Leadership Changes

No significant leadership changes have been reported recently.

Competitor Profile

Market Insights and Dynamics

The Indonesian banking sector, particularly the Sharia-compliant segment, is experiencing growth due to increasing demand for financial inclusion and Islamic banking services. BTPN Syariah, with its focus on underserved communities, is well-positioned to capitalize on this trend.

Competitor Analysis

Key competitors include:

• Bank Syariah Indonesia: A state-owned bank offering Sharia-compliant services.

• Bank Muamalat: One of the oldest Islamic banks in Indonesia.

• Bank Syariah Mandiri: A subsidiary of Bank Mandiri focusing on Islamic banking.

Strategic Collaborations and Partnerships

BTPN Syariah has engaged in partnerships to enhance its technological capabilities:

• Red Hat: Collaborated to build an agile platform for rapid application development and deployment, improving digital banking services.

Operational Insights

BTPN Syariah differentiates itself by:

• Targeting Underserved Segments: Focusing on remote and unbanked communities.

• Sharia-Compliant Services: Adhering to Islamic banking principles.

• Financial Education: Providing programs like Daya to empower communities.

Strategic Opportunities and Future Directions

The bank plans to:

• Expand Service Reach: Increase the number of community centers and operational offices.

• Enhance Digital Services: Improve mobile and internet banking platforms.

• Develop New Products: Create additional Sharia-compliant financial products tailored to customer needs.

Contact Information

• Official Website: BTPN Syariah

• LinkedIn: BTPN Syariah