Cempaka Business and Economy: BTPN Taps Indonesia's ‘Mass Market’ for Growth

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Sunday, February 07, 2010

BTPN Taps Indonesia's ‘Mass Market’ for Growth

Jakarta Globe, Netty Ismail, February 07, 2010

PT Bank Tabungan Pensiunan Nasional said on Friday that lending rose more than 50 percent last year, about five times the industry average, as it gained access to the country’s “mass market.”

Loan growth in 2010 “will still be strong” and continue to outpace the domestic banking industry, where lending rose about 10 percent last year, BTPN chief executive Jerry Ng said.

Deposits rose more than 60 percent in 2009 from the previous year, he said.

Fourth-quarter earnings were “strong,” Ng said, without providing a figure. The bank had net income of Rp 266 billion ($28.5 million) in the first nine months of last year.

Controlled by Texas Pacific Group, BTPN’s shares rose fivefold in the past 12 months to close at an all-time high of Rp 5,550 on Thursday. On Friday, they closed down 3.6 percent at Rp 5,350.

The bank’s growth “could outpace the sector significantly,” boosted by its micro-lending expansion, Mulya Chandra, an analyst at CIMB-GK Securities, said in a research note dated Dec. 17.

“The potential is big and quite immune from volatility, or what happens in the global economy,” Ng said. “Given that the penetration is low, the opportunity is very interesting.”

BTPN’s gross rate of non-performing loans stood at 0.5 percent in 2009, as the bank maintains a “very healthy asset quality,” Ng said.

BTPN plans to sell rupiah-denominated bonds this year to expand the microfinance business it started at the end of 2008, after TPG and its Indonesian affiliate had bought a 71.6 percent stake in the bank.

At the end of last year, the bank had 539 micro-banking branches across the country, providing loans averaging about $3,000 each to more than 100,000 customers, including food hawkers and street traders.

BTPN was founded in 1959 to provide loans and deposit services to retired civil servants.

About 85 percent of its business went to retirees last year, and 15 percent comprised microcredit. The portion coming from its microcredit business is set to grow to 25 percent at the end of this year and 40 percent in three years, Ng said.

Research estimates show that there are potentially more than 40 million self-employed Indonesians in the “mass market” segment, of which less than 30 percent have access to “formal forms of financing,” Ng said.

Because of the less competitive environment, micro loans offer the highest margin compared with other loans, Henry Pranoto, an analyst at PT Andalan Artha Advisindo Sekuritas, said in a January report.

“Micro loans will be the greatest loan-growth engine” in 2010, he said in the report.

BTPN, which plans to add 30 to 40 more micro-banking branches this year, is expanding into providing pawnshop services that comply with Islamic law, or Shariah, he said.

“The potential is quite sizeable,” Ng said. “It is very consistent with our mass market.”

Bloomberg

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Sunday, February 07, 2010

BTPN Taps Indonesia's ‘Mass Market’ for Growth

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The Jakarta Post: Review/Outlook 2010