News Release


Stock Purchase in PT Bank Tabungan Pensiunan Nasional Tbk(1/1)

Sumitomo Mitsui Banking Corporation

 

Stock Purchase in PT Bank Tabungan Pensiunan Nasional Tbk

 

TOKYO, May 8, 2013 --- Sumitomo Mitsui Banking Corporation@(gSMBCh, President: Takeshi Kunibe) has announced today that it is investing in common stock in PT Bank Tabungan Pensiunan Nasional Tbk (gBTPNh, President: Jerry Ng), a commercial bank in Indonesia.

 

SMBC is currently accumulating 24.26% of the outstanding common stock of BTPN, 16.87% out of which will be from TPG Nusantara S.à.r.l.(gTPGNh). Further, SMBC intends to acquire an additional 15.74% from TPGN to become a significant minority owner of up to 40% in the bank, subject to the approval by relevant regulatory authorities including Bank Indonesia.

 

BTPN has a unique business model and offers a wide range of financial services focusing on mass market.  SMBC intends to cooperate with BTPN and diversify its business in Asian markets and especially in Indonesia, where the economy is expected to record rapid and sustainable growth driven by its large population and the expansion of the middle class segment.

 

1. Summary of acquisition

(1) Number of shares 

: 1,416,846,455 shares (24.26% voting rights)

(2) Average Purchase price per share

: 6,500 Indonesia Rupiah

(3) Timing of acquisition 

: May 8, 2013 through May 10, 2013

 

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

:  1,140 *

Total assets

:  59,090 billion Indonesia Rupiah *

Capital Adequacy Ratio

:  21.5 % *

Listing

:  Indonesian Stock Exchange (IDX ticker: BTPN)

National Long-term Rating

:  AA- (Fitch)

@(*Fas of December 31, 2012)

 

 

 

Financial results of BTPN for the recent three fiscal years@@@@@@@@@@@@@@@@@iUnitFRp. billionj

 

PT Bank Tabungan Pensiunan Nasional Tbk

Fiscal year

Dec. 2010

Dec. 2011

Dec. 2012

Net asset

4,217

5,617

7,734

Gross asset

34,523

46,651

59,090

Operating income

3,674

4,827

6,354

Net income

838

1,400

1,977

 

EOD




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