News Release


Increased Investment in PT Bank Tabungan Pensiunan Nasional Tbk(1/1)

March 14, 2014

Sumitomo Mitsui Banking Corporation

 

Increased Investment in PT Bank Tabungan Pensiunan Nasional Tbk

 

TOKYO, March 14, 2014 --- Sumitomo Mitsui Banking Corporation (“SMBC”, President: Takeshi Kunibe) today announces that it has increased its investment in PT Bank Tabungan Pensiunan Nasional Tbk (“BTPN”, President: Jerry Ng), thanks to the support and understanding, including approval, by relevant authorities.  Following its announcement in May 2013, SMBC has now acquired an additional 15.74% of the outstanding common stock of BTPN, taking its total ownership interest to 40%.

BTPN has strengths in mass-market banking in Indonesia and welcomes the participation by SMBC. As the largest shareholder of BTPN, SMBC intends to contribute to the sustainable economic growth of Indonesia with further collaboration with BTPN and to further diversify its business in Asian markets and especially in Indonesia.

 

 

1. Summary of transaction

(1) Number of shares        

: 919,268,448 shares (15.74% voting rights)

(2) Average Purchase price per share

: 6,500 Indonesia Rupiah

(3) Date of purchase        

: March 14, 2014

 

2. Profile of BTPN

Established        

:  1958

Location of head office

:  Jakarta, Indonesia (Cyber 2 Tower 24th and 25th Floor. HR. Rasuna Said Blok X-5 No.13 Jakarta Selatan 12950, Indonesia)

Networks

:  1,234 *

Total assets

:  69,665 billion Indonesia Rupiah *

Capital Adequacy Ratio

:  23.1 % *

Listing

:  Indonesian Stock Exchange (IDX ticker: BTPN)

National Long-term Rating

:  AA- (Fitch)

 (*as of December 31, 2013)


Financial results of BTPN for the recent three fiscal years                 (UnitRp. billion

 

PT Bank Tabungan Pensiunan Nasional Tbk

Fiscal year

Dec. 2011

Dec. 2012

Dec. 2013

Net asset

5,617

7,734

9,908

Gross asset

46,651

59,090

69,665

Operating income

4,827

6,354

7,449

Profit before tax

1,783

2,485

2,869

Net income

1,400

1,977

2,131

 

 




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