PT Bank Tabungan Negara Tbk Reports Earnings Results for the First Quarter Ended March 31, 2022
April 22, 2022
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PT Bank Tabungan Negara (Persero) Tbk reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was IDR 3,574,000 million compared to IDR 2,774,000 million a year ago. Net income was IDR 774,000 million compared to IDR 625,000 million a year ago. Basic earnings per share from continuing operations was IDR 73 compared to IDR 59 a year ago.
PT Bank Tabungan Negara (Persero) Tbk is an Indonesia-based company, which is engaged in providing banking services. It operates through two segments: Conventional and Sharia. Conventional Banking include consumer banking and commercial banking. Its consumer banking offers consumer loan products, including housing loans and non-housing loans; consumer saving products, including consumer savings, Deposito BTN Ritel; wealth management products, including bancassurance, mutual funds, secondary market government bonds, Indonesia retail bonds and foreign exchange. Its commercial products offer commercial loan products, including working capital loans and investment loans, and commercial savings products, including time deposits for institutions and commercial demand deposits. Its Sharia banking offers sharia financing products, including consumer financing and commercial financing, and sharia savings products, including sharia demand deposits, sharia savings and sharia time deposits.