Bank Tabungan Negara

Bank Tabungan Negara's npls (as % of loans) rose 532% yoy to 15.3% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara's non-performing loans reached 15.3% of total loans at the end of 2019-12-31, up from 2.43% compared to the ...

Bank Tabungan Negara's net profit fell 204% yoy to IDR -592 bil in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara made a net profit of IDR -592 bil under revenues of IDR 2,446 bil in the fourth quarter of 2019, down 204% and ...

Bank Tabungan Negara's net interest margin fell 26.5% yoy to 2.68% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara's net interest margin amounted to 2.68% in the fourth quarter of 2019, down from 2.84% when compared to the...

Profit Statement 2017 2018 2019
Net Interest Income IDR bil 9,341 10,089 8,962
Net Fee Income IDR bil 750 820 833
Other Income IDR bil 715 1,116 1,157
Total Revenues IDR bil 10,807 12,025 10,951
Staff Cost IDR bil 2,554 2,877 2,864
Operating Profit IDR bil 4,636 5,172 3,888
Provisions IDR bil 744 1,578 3,366
Net Profit IDR bil 3,027 2,808 209
Balance Sheet 2017 2018 2019
Interbank Loans IDR bil 25,254 28,052 11,845
Customer Loans IDR bil 196,635 234,460 249,709
Debt Securities IDR bil 15,115 15,242 21,014
Total Assets IDR bil 261,365 306,436 311,777
Shareholders' Equity IDR bil 21,663 23,840 23,836
Interbank Borrowing IDR bil 38,582 42,599 21,955
Customer Deposits IDR bil 192,474 229,829 225,383
Issued Debt Securities IDR bil 1,784 2,221 31,750
Ratios 2017 2018 2019
ROE % 14.8 12.3 0.878
ROA % 1.27 0.989 0.068
Costs (As % Of Assets) % 2.60 2.41 2.29
Costs (As % Of Income) % 57.1 57.0 64.5
Capital Adequacy Ratio % 18.9 18.2 17.3
Net Interest Margin % 3.93 3.55 2.90
Loans (As % Of Deposits) % 102 102 111
NPLs (As % Of Loans) % 2.50 2.43 15.3
Provisions (As % Of NPLs) % 47.4 57.2 15.6
Valuation 2017 2018 2019
Market Capitalisation (End Of Period) USD mil 2,782 1,864 1,621
Share Price (End Of Period) IDR 3,570 2,540 2,120
Price/Earnings (P/E) 12.5 9.58 106
Price/Book Value (P/BV) 1.75 1.13 0.942
Dividend Yield % 1.60 2.09 ...
Earnings Per Share (EPS) IDR 286 265 20.0
Book Value Per Share IDR 2,046 2,251 2,251
Dividend Per Share IDR 57.2 53.0 ...

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summary Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                            
Net Interest Income IDR bil               5,659 5,465 6,811 8,164 9,341    
Total Revenues IDR bil               6,093 6,171 7,704 9,266 10,807    
Operating Profit IDR bil               2,382 2,165 3,221 3,879 4,636    
Net Profit IDR bil               1,562 1,146 1,851 2,619 3,027    
balance sheet                            
Interbank Loans IDR bil               5,239 2,590 8,041 17,903 25,254    
Customer Loans IDR bil               99,330 114,346 136,905 162,330 196,635    
Debt Securities IDR bil               12,587 13,675 10,039 13,415 15,115    
Total Assets IDR bil               131,170 144,582 171,808 214,168 261,365    
Shareholders' Equity IDR bil               11,557 12,253 13,860 19,131 21,663    
Interbank Borrowing IDR bil               5,399 8,840 12,137 12,022 38,582    
Customer Deposits IDR bil               96,208 106,471 127,709 159,988 192,474    
Issued Debt Securities IDR bil               13,439 11,675 11,939 15,935 1,784    
ratios                            
ROE % ...             14.3 9.62 14.2 15.9 14.8    
ROA % ...             1.29 0.831 1.17 1.36 1.27    
Costs (As % Of Assets) % ...             3.05 2.91 2.83 2.79 2.60    
Costs (As % Of Income) %               60.9 64.9 58.2 58.1 57.1    
Capital Adequacy Ratio %               15.7 14.7 17.0 20.3 18.9    
Net Interest Margin % ...             4.66 3.96 4.31 4.23 3.93    
Interest Income (As % Of Revenues) %               92.9 88.6 88.4 88.1 86.4    
Fee Income (As % Of Revenues) %               0 7.60 6.93 6.38 6.94    
Staff Cost (As % Of Total Cost) %               43.5 39.0 43.0 39.4 41.4    
Equity (As % Of Assets) %               8.81 8.47 8.07 8.93 8.29    
Loans (As % Of Deposits) %               103 107 107 101 102    
Loans (As % Assets) %               75.7 79.1 79.7 75.8 75.2    
NPLs (As % Of Loans) %               3.52 3.74 3.15 2.57 2.50    
Provisions (As % Of NPLs) %               32.2 36.2 46.9 50.0 47.4    
valuation                            
Market Capitalisation (End Of Period) USD mil ... ... ...         755 1,024 989 1,361 2,782    
Number Of Shares (Average) mil ... ... ...         10,537 10,567 10,573 10,589 10,590    
Share Price (End Of Period) IDR ... ... ...         870 1,205 1,295 1,740 3,570    
Earnings Per Share (EPS) IDR ... ... ...         148 108 175 247 286    
Book Value Per Share IDR ... ... ...         1,097 1,160 1,311 1,807 2,046    
Dividend Per Share IDR               44.4 42.2 35.0 49.5 57.2   ...
Price/Earnings (P/E) ... ... ...         5.88 11.2 7.40 7.04 12.5    
Price/Book Value (P/BV) ... ... ...         0.793 1.04 0.988 0.963 1.75    
Dividend Yield % ... ... ...         5.10 3.50 2.70 2.84 1.60   ...
Earnings Per Share Growth % ... ... ... ...       0.680 -27.0 62.0 41.1 15.8    
Book Value Per Share Growth % ... ... ... ...       -1.16 5.72 13.0 37.8 13.2    
income statement Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                            
Interest Income IDR bil               10,783 12,807 14,966 17,139 19,272    
Interest Cost IDR bil               5,124 7,343 8,155 8,975 9,931    
Net Interest Income IDR bil               5,659 5,465 6,811 8,164 9,341    
Net Fee Income IDR bil               0 469 534 591 750    
Other Income IDR bil               434 238 359 511 715    
Total Revenues IDR bil               6,093 6,171 7,704 9,266 10,807    
Staff Cost IDR bil               1,613 1,564 1,929 2,122 2,554    
Depreciation IDR bil ... ... ...         279 226 196 219 216    
Other Cost IDR bil ... ... ...         1,818 2,217 2,357 3,046 3,401    
Operating Cost IDR bil               3,711 4,007 4,482 5,387 6,171    
Operating Profit IDR bil               2,382 2,165 3,221 3,879 4,636    
Provisions IDR bil               246 587 688 527 744    
Extra and Other Cost IDR bil               -4.86 -1.96 -8.28 22.1 30.3    
Pre-Tax Profit IDR bil               2,141 1,579 2,542 3,330 3,862    
Tax IDR bil               579 434 691 711 834    
Minorities IDR bil               0 0 0 0 0    
Net Profit IDR bil               1,562 1,146 1,851 2,619 3,027    
Dividends IDR bil               469 446 370 524 605   ...
growth rates                            
Net Interest Income Growth % ...             19.6 -3.44 24.6 19.9 14.4    
Net Fee Income Growth % ...           ... ... ... 13.8 10.8 26.9    
Total Revenue Growth % ...             17.3 1.29 24.8 20.3 16.6    
Operating Cost Growth % ...             15.2 7.98 11.9 20.2 14.6    
Operating Profit Growth % ...             20.8 -9.14 48.8 20.4 19.5    
Pre-Tax Profit Growth % ...             14.9 -26.2 60.9 31.0 16.0    
Net Profit Growth % ...             14.5 -26.7 61.6 41.5 15.6    
market share                            
Market Share in Revenues %               1.73 1.55 1.76 1.84 2.09 ... ...
Market Share in Net Profit %               1.40 1.00 1.86 2.77 2.35 ... ...
Market Share in Branches % ... ... ...         ... ... ... ... ... ... ...
balance sheet Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                            
Cash IDR bil               10,783 10,292 12,168 11,704 13,582    
Interbank Loans IDR bil               5,239 2,590 8,041 17,903 25,254    
Customer Loans IDR bil               99,330 114,346 136,905 162,330 196,635    
Retail Loans IDR bil ... ... ...         77,784 91,044 109,866 130,765 157,960    
Mortgage Loans IDR bil ... ... ... ... ... ...   68,570 80,593 97,806 117,959 143,098    
Consumer Loans IDR bil ... ... ... ... ... ...   9,214 10,451 12,059 12,805 14,862    
Corporate Loans IDR bil ... ... ...         22,684 24,872 29,090 33,682 41,031    
Debt Securities IDR bil               12,587 13,675 10,039 13,415 15,115    
Fixed Assets IDR bil               1,523 1,488 1,553 4,659 4,837    
Intangible Assets IDR bil               0 0 0 0 0    
Goodwill IDR bil ... ... ...         0 0 0 0 0    
Total Assets IDR bil               131,170 144,582 171,808 214,168 261,365    
Shareholders' Equity IDR bil               11,557 12,253 13,860 19,131 21,663    
Of Which Minority Interest IDR bil               0 0 0 0 0    
Liabilities IDR bil               119,613 132,329 157,947 195,038 239,702    
Interbank Borrowing IDR bil               5,399 8,840 12,137 12,022 38,582    
Customer Deposits IDR bil               96,208 106,471 127,709 159,988 192,474    
Sight Deposits IDR bil               19,116 23,423 31,368 45,846 54,655    
Term Deposits IDR bil               77,091 83,048 96,340 114,142 137,819    
Issued Debt Securities IDR bil               13,439 11,675 11,939 15,935 1,784    
Subordinated Debt IDR bil         ... ... ... ... ... ... 2,999 ... ...  
Other Liabilities IDR bil               4,568 5,344 6,164 7,094 6,863    
asset quality                            
Non-Performing Loans IDR bil               3,537 4,340 4,373 4,228 4,966    
Gross Loans IDR bil               100,467 115,916 138,956 164,446 198,991    
Total Provisions IDR bil               1,137 1,570 2,051 2,116 2,356    
growth rates                            
Customer Loan Growth % ...             23.5 15.1 19.7 18.6 21.1    
Retail Loan Growth % ... ... ... ...       24.0 17.0 20.7 19.0 20.8    
Mortgage Loan Growth % ... ... ... ... ... ... ... 24.3 17.5 21.4 20.6 21.3    
Consumer Loan Growth % ... ... ... ... ... ... ... 22.2 13.4 15.4 6.19 16.1    
Corporate Loan Growth % ... ... ... ...       21.3 9.65 17.0 15.8 21.8    
Total Asset Growth % ...             17.4 10.2 18.8 24.7 22.0    
Shareholders' Equity Growth % ...             12.4 6.02 13.1 38.0 13.2    
Customer Deposit Growth % ...             19.3 10.7 19.9 25.3 20.3    
market share                            
Market Share in Customer Loans %               2.90 3.02 3.35 3.73 4.15 ... ...
Market Share in Corporate Loans % ... ... ...         1.44 1.41 1.46 1.60 1.82 ... ...
Market Share in Retail Loans % ... ... ... ... ... ...   1.39 0.780 0.834 0.698 0.766 ... ...
Market Share in Consumer Loans % ... ... ... ...       8.32 5.50 6.15 5.94 6.73 ... ...
Market Share in Mortgage Loans % ... ... ... ... ... ...   25.0 25.5 28.8 32.2 35.0 ... ...
Market Share in Total Assets %               2.66 2.58 2.81 3.23 3.59 ... ...
Market Share in Customer Deposits %               2.82 2.81 3.14 3.54 3.91 ... ...
ratios Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                            
ROE % ...             14.3 9.62 14.2 15.9 14.8    
ROA % ...             1.29 0.831 1.17 1.36 1.27    
Costs (As % Of Assets) % ...             3.05 2.91 2.83 2.79 2.60    
Costs (As % Of Income) %               60.9 64.9 58.2 58.1 57.1    
Capital Adequacy Ratio %               15.7 14.7 17.0 20.3 18.9    
Tier 1 Ratio % ... ... ...         14.9 14.1 14.9 16.5 16.0    
Net Interest Margin % ...             4.66 3.96 4.31 4.23 3.93    
Interest Spread % ...             4.24 3.46 3.84 3.80 3.54    
Asset Yield % ...             8.88 9.29 9.46 8.88 8.11    
Cost Of Liabilities % ...             4.64 5.83 5.62 5.09 4.57    
Payout Ratio %               30.0 39.0 20.0 20.0 20.0   ...
Interest Income (As % Of Revenues) %               92.9 88.6 88.4 88.1 86.4    
Fee Income (As % Of Revenues) %               0 7.60 6.93 6.38 6.94    
Other Income (As % Of Revenues) %               7.12 3.85 4.66 5.51 6.62    
Cost Per Employee USD per month               1,878 1,413 1,500 1,517 1,797    
Cost Per Employee (Local Currency) IDR per month               19,570,400 17,350,500 19,640,700 20,652,300 24,244,800    
Staff Cost (As % Of Total Cost) %               43.5 39.0 43.0 39.4 41.4    
Equity (As % Of Assets) %               8.81 8.47 8.07 8.93 8.29    
Loans (As % Of Deposits) %               103 107 107 101 102    
Loans (As % Assets) %               75.7 79.1 79.7 75.8 75.2    
NPLs (As % Of Loans) %               3.52 3.74 3.15 2.57 2.50    
Provisions (As % Of NPLs) %               32.2 36.2 46.9 50.0 47.4    
Provisions (As % Of Loans) %               1.14 1.37 1.50 1.30 1.20    
Cost of Provisions (As % Of Loans) % ...             0.274 0.550 0.547 0.352 0.414    
other data Unit 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                            
Branches ... ... ...         820 820 817 850 906    
Employees               6,869 7,513 8,186 8,561 8,780    
Sight (As % Of Customer Deposits) %               19.9 22.0 24.6 28.7 28.4    
Risk-Weighted Assets IDR bil               66,262 76,333 81,882 99,432 117,092    
Return on Loans % ...             1.74 1.07 1.47 1.75 1.69    
Operating Profit (As % of Loans) % ...             2.65 2.03 2.56 2.59 2.58    
Costs (As % Of Loans) % ...             4.13 3.75 3.57 3.60 3.44    
Equity (As % Of Loans) %               11.6 10.7 10.1 11.8 11.0    

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Bank Tabungan Negara's employees rose 10.3% yoy to 11,241 in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara employed 11,241 persons in 2019-12-31, up 4.71% when compared to the previous year. Historically, the bank's workforce hit an all time high of 11,241 persons in 2019-12-31 and an all time low of 4,013 in 2009-06-30. Average cost reached USD 1,...

Bank Tabungan Negara's costs (as % of assets) rose 1.90% yoy to 2.32% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara's cost to income ratio reached 74.4% in the fourth quarter of 2019, up from 63.9% when compared to the previous quarter. Historically, the bank’s costs reached an all time high of 75.6% of income in 2Q2014 and an all time low of 50.9% in...

Bank Tabungan Negara's corporate loans rose 5.97% yoy to IDR 51,119 bil in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara's loans reached IDR 255,825 bil in the fourth quarter of 2019, down from IDR 256,934 bil when compared to the previous quarter and up from IDR 237,758 bil when compared to the same period of last year. Historically, the bank’s l...

Bank Tabungan Negara's price/earnings (P/E) fell 181% yoy to -9.48 in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara stock traded at IDR 2,120 per share at the end fourth quarter of 2019 implying a market capitalization of USD 1,621 mil. Since the end of 4Q2014, the stock has appreciated by 75.9 % implying an annual average growth of 12.0 %. In absolute terms, t...

Bank Tabungan Negara's market capitalisation (end of period) fell 13.0% yoy to USD 1,621 mil in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara stock traded at IDR 2,120 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 1,621 mil. Over the last five years, the stock has appreciated by 75.9 implying an annual average growth of 12.0% In abso...

Bank Tabungan Negara's capital adequacy ratio fell 4.89% yoy to 17.3% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara's capital adequacy ratio reached 17.3% at the end of fourth quarter of 2019, up from 17.1% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 22.2% in 2Q2016 and an all time low of 14.4% in 3Q2...

Bank Tabungan Negara's customer loan growth fell 66.2% yoy to 6.50% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara's customer loan growth reached 6.50% in 2019-12-31, down from 19.2% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 29.6% in 2012-09-30 and an all time low of 6.50% in 2019-12-31. In th...

Bank Tabungan Negara's net interest income fell 20.2% yoy to IDR 2,104 bil in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara generated total banking revenues of IDR 2,446 bil in the fourth quarter of 2019, down 24.4% when compared to the same period of last year and 8.73% when compared to the previous quarter. Historically, the bank’s revenues containing of int...

Bank Tabungan Negara's equity (as % of assets) fell 1.73% yoy to 7.65% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara's Equity reached 7.65% of total assets in the 4Q2019, down from 7.78% for the previous year. As a share of net customer loans, the ratio amounted to 9.55% at the end of the fourth quarter of 2019. ...

Bank Tabungan Negara's retail loan growth fell 59.9% yoy to 8.01% in 4Q2019

By Helgi Analytics - March 4, 2020

Bank Tabungan Negara's retail loans reached IDR 204,706 bil at the end of 2019-12-31, down 1.00% compared to the previous year. In the last decade, the average annual loan growth amounted to 0%. Overall, retail loans accounted for 82.0% of the bank's loan b...

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