The early birth of Bank BTN in the Dutch colonial period
Bank BTN is a state owned enterprise in the form of Perseroan Terbatas (Incorporated Company) doing banking financial services. The embryo of Bank BTN was started by the establishment of Postspaarbank in Batavia in 1897 when the Dutch colonial period in Indonesia.
The birth of Bank BTN during Japanese Governance
In 1st April 1942 Postparbank was halted by Japanese governance. As the replacement, the Japanese government established Tyokin Kyoku.
The early birth of Bank BTN in the Indonesia Independence Period
Postpaarbank was established by the Dutch colonial which was halted. After the Indonesian independence, Tyokin Kyoku was taken over by the Indonesian government and changed the name to Kantor Tabungan Pos RI (Savings Post Office of Republic of Indonesia). After the official establishment, it was the only banking company in Indonesia. In 1950 the government changed the name to Bank Tabungan Pos.
The early birth of Bank BTN in Transition Period
9 February 1950 was defined as the day and the date for the birth of BTN. Based on Government Regulation Laws Substitute Chapter 4 Year 1963 Statute Book of Indonesian Republic Chapter 62 Year 1963 on 22 June 1963, Bank Tabungan Pos has officially change its name to Bank Tabungan Negara. During this period Bank BTN had grown up from a business unit becoming an independent corporate.
Then the history of BTN began to engraved with the designation by Indonesian Government on 29 January 1974 through the Indonesian Minister of Finance Letter number B-49/MK/I/1974 as the bank specialized in housing financial services for the public. As Bank BTN served the duty, starting 1976, first time in Indonesia, the initiation of KPR (Mortgage) was introduced by Bank BTN. As time goes by, Bank BTN was the only bank in Indonesia with full concentration of developing its business in the financial housing services through the KPR BTN Program (BTN Mortgage Program).
The beginning of the current Bank BTN
Bank BTN expansion is getting bigger in 1989, Bank BTN released its first bond. In 1992, Bank BTN was officially changed its status to Persero (State Owned Enterprise) for its success in the housing financial services business through its KPR-BTN program. This status allows Bank BTN to move better as a commercial bank. For supporting the mortgage business, Bank BTN developed various banking products and services as what a professional commercial bank does.
The Growth of Bank BTN Services
The success of the mortgage business elevated Bank BTN from a conventional banking to an exchange banking in 1994. Services such as issuance Letter of Credit, financing in Dollars currency, and various other services was the form of products and services that can be served by Bank BTN with the exchange banking status. However it does not change its core business as the most respected mortgage financial service bank for Indonesian people.
Government Trust to Bank BTN
Based on the study by an independent consultant, Price Water House Coopers, Indonesian government through the State-Owned Enterprise Minister’s letter number 5-554/MMBU/2002, decided Bank BTN as a focused bank in serving housing financial services for non subsidized houses.
Bank BTN Initial IPO
Bapepam-LK (Securities and Exchange Comission) issued an official statement for new for new investment product based on securities. The product is called EBA Danareksa Sarana Multigriya Finansial I - Kredit Kepemilikan Rumah Bank Tabungan Negara (SMF I-KPR BTN). On the same year BTN had its initial IPO at the Indonesia Stock Exchange.
Current Bank BTN
Public’s and the government’s trust to Bank BTN has made us received multiple awards in the Anugerah Perbankan Indonesia VI 2017 event. Bank BTN has been awarded as the number 1 Best Bank in Indonesia 2017. With the award, Bank BTN set an optimism of State Own Enterprise to continue its positive performance and achieve its business goals in the upcoming years.