Bank Tabungan Negara (Persero) Management

Management criteria checks 2/4

Bank Tabungan Negara (Persero)'s CEO is Nixon Lambok Napitupulu, appointed in Dec 2020, has a tenure of 3.92 years. directly owns 0.038% of the company’s shares, worth IDR6.80B. The average tenure of the management team and the board of directors is 6.8 years and 4.4 years respectively.

Key information

Nixon Lambok Napitupulu

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	3.9yrs
CEO ownership	0.04%
Management average tenure	6.8yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO

Nixon Lambok Napitupulu (55 yo)

3.9yrs

Tenure

Mr. Nixon Lambok Pahotan Napitupulu is President Director of PT Bank Tabungan Negara (Persero) Tbk from March 2023. He served as Vice Chairman of the Board of PT Bank Tabungan Negara (Persero) Tbk since Ma...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nixon Lambok Napitupulu	President Director	3.9yrs	no data	0.038% IDR 6.8b
Nofry Poetra	Director of Finance & Director	3.7yrs	no data	0.025% IDR 4.4b
Alex Noor	Senior Executive Vice President of Operations	2.4yrs	no data	no data
Rudolf Saragih	Senior VP and Head of Finance & Accounting Division	5.5yrs	no data	no data
Winang Budoyo	VP and Head of Investor Relations & Research Division	4.8yrs	no data	no data
Eko Waluyo	Director of Human Capital	7.6yrs	no data	0.020% IDR 3.6b
Triani Astuti	VP & Head of Commercial Banking Division	7yrs	no data	no data
Elisabeth Riswanti	Director of Assets Management & Director	no data	no data	0.019% IDR 3.4b
D. Indriana	VP and Head of Operations & Business Support Division	8.8yrs	no data	no data
Beki Kanuwa	Service Quality & Distribution Division Head and Head of Retail Credit Risk Division	6.8yrs	no data	no data
Erwin Kusuma	Senior VP & Head of Transformation Partnership Management	7.8yrs	no data	no data
Dewi Fitrianingrum	Executive VP & Head of Regional Office II (Jakarta)	9.8yrs	no data	no data

6.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: BBTN's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nixon Lambok Napitupulu	President Director	7.3yrs	no data	0.038% IDR 6.8b
Nofry Poetra	Director of Finance & Director	3.3yrs	no data	0.025% IDR 4.4b
Eko Waluyo	Director of Human Capital	3.3yrs	no data	0.020% IDR 3.6b
Elisabeth Riswanti	Director of Assets Management & Director	4.4yrs	no data	0.019% IDR 3.4b
Hirwandi Gafar	Director of Consumer & Director	4.3yrs	no data	0.020% IDR 3.5b
Andi Nirwoto	Director of IT & Digital and Director	6.2yrs	no data	0.020% IDR 3.6b
Setiyo Wibowo	Director of Risk Management & Director	4.3yrs	no data	0.021% IDR 3.6b
- Jasmin	Director of Distribution & Funding and Director	4.5yrs	no data	0.027% IDR 4.8b
Hakim Putratama	Director Institutional Banking & Director	1.7yrs	no data	0.0057% IDR 1.0b
Iqbal Latanro	Independent Deputy President Commissioner	3.2yrs	no data	no data
H. Muhammad Shihab	Chairman of Sharia Supervisory Board	5.8yrs	no data	no data
Oni Rahardjo	Deputy President Director	9.7yrs	no data	0.0082% IDR 1.4b

4.4yrs

Average Tenure

55.5yo

Average Age

Experienced Board: BBTN's board of directors are considered experienced (4.4 years average tenure).

Bank Tabungan Negara (Persero) Management

Management criteria checks 2/4

Key information

Recent management updates

No independent directors

No independent directors

No independent directors

Recent updates

Now 21% undervalued

Now 23% undervalued

Second quarter 2024 earnings released: EPS: Rp49.59 (vs Rp48.16 in 2Q 2023)

Now 20% undervalued

First quarter 2024 earnings released: EPS: Rp57.00 (vs Rp57.07 in 1Q 2023)

No independent directors

Now 20% undervalued

Investor sentiment improves as stock rises 16%

New minor risk - Earnings quality

Full year 2023 earnings released

Now 20% undervalued

Now 21% undervalued

Now 20% undervalued

New minor risk - Earnings quality

Third quarter 2023 earnings released

Now 20% undervalued after recent price drop

Now 20% undervalued

Second quarter 2023 earnings released

New minor risk - Shareholder dilution

First quarter 2023 earnings released: EPS: Rp75.63 (vs Rp73.13 in 1Q 2022)

Full year 2022 earnings released: EPS: Rp288 (vs Rp224 in FY 2021)

Now 22% undervalued after recent price drop

PT Bank Tabungan Negara (Persero) Tbk has completed a Follow-on Equity Offering in the amount of IDR 4.133333 trillion.

Now 20% undervalued after recent price drop

No independent directors

Third quarter 2022 earnings released: EPS: Rp75.91 (vs Rp56.22 in 3Q 2021)

Now 21% undervalued

Second quarter 2022 earnings released: EPS: Rp65.78 (vs Rp27.85 in 2Q 2021)

Now 21% undervalued after recent price drop

PT Bank Tabungan Negara (Persero) Tbk SHS to Be Deleted from OTC Equity

Now 21% undervalued after recent price drop

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

No independent directors

Consensus EPS estimates increase by 11%

Full year 2021 earnings: Revenues exceed analyst expectations

Price target increased to Rp2,147

Third quarter 2021 earnings released: EPS Rp56.22 (vs Rp33.26 in 3Q 2020)

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS Rp27.93 (vs Rp29.32 in 2Q 2020)

First quarter 2021 earnings released: EPS Rp59.00 (vs Rp43.16 in 1Q 2020)

New 90-day high: Rp2,100

Revenue and earnings beat expectations

Full year 2020 earnings released: EPS Rp151 (vs Rp19.76 in FY 2019)

New 90-day high: Rp1,840

Price target raised to Rp1,805

Price target raised to Rp1,740

New 90-day high: Rp1,615

Market bids up stock over the past week

Third quarter earnings released

New 90-day high - Rp1,585

New 90-day high - Rp1,465

First half earnings released

PT Bank Tabungan Negara (Persero) Tbk (IDX:BBTN) and PT. Asuransi Jiwa Taspen acquired 64% stake in PT Jiwasraya Putra from PT. Asuransi Jiwasraya (Persero).

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age