BTN to Hold Extraordinary General Meeting on December 22, 2025: Key Agenda Items

Regulatory Compliance Drives RUPSLB

PT Bank Tabungan Negara (Persero) Tbk., commonly known as BTN (BBTN), will conduct an Extraordinary General Meeting of Shareholders (RUPSLB) on December 22, 2025. The meeting will address two critical agenda items that are essential for the bank's compliance with recent regulatory changes.

1. Amendments to Company's Articles of Association

The first agenda item focuses on amending the company's articles of association. This change is mandated by the State-Owned Enterprises (BUMN) regulation through a letter from the BUMN Management Body dated October 28, 2025. The amendment is necessary to align BTN's corporate governance with the latest State-Owned Enterprises Law.

2. Delegation of Authority for 2026 Work Plan and Budget

The second agenda item involves delegating authority to approve the company's 2026 Work Plan and Budget (RKAP). According to the Company Law and BUMN regulations, state-owned enterprises like BTN require shareholder approval for their annual work plans and budgets. The delegation of this authority is proposed to enhance decision-making efficiency regarding RKAP approval.

Context and Implications

This RUPSLB is part of a broader movement among state-owned banks in Indonesia. Other major state-owned banks, including BNI (BBNI), BRI (BBRI), and Mandiri (BMRI), are also scheduled to hold similar meetings in December 2025, indicating a coordinated response to new regulatory requirements across the state banking sector.

The changes in BTN's articles of association and the delegation of authority for the 2026 work plan demonstrate the bank's commitment to adapting to evolving regulatory landscapes while optimizing its operational efficiency. These developments are likely to have significant implications for BTN's corporate governance and strategic planning in the coming year.