BTN to Hold Extraordinary GMS on January 7, 2026

Key Agenda Items

PT Bank Tabungan Negara (Persero) Tbk (BBTN) has announced an Extraordinary General Meeting of Shareholders (RUPSLB) scheduled for January 7, 2026. The meeting, which will be conducted both online and offline at Menara BTN in Jakarta, will address three critical agenda items.

1. Changes to Company's Articles of Association

The first agenda item involves amending the company's articles of association to comply with the newly enacted State-Owned Enterprises Law No. 16/2025. This adjustment is mandatory following the issuance of the law and subsequent guidance from the State-Owned Enterprises Ministry. Additionally, changes are required due to the separation of the Sharia Business Unit to PT Bank Syariah Nasional, as approved in the previous RUPSLB on November 18, 2025, and in accordance with Otoritas Jasa Keuangan (OJK) directives.

2. Delegation of Authority for 2026 Work Plan and Budget

The second agenda focuses on delegating authority to approve the company's 2026 Work Plan and Budget (RKAP). According to the State-Owned Enterprises Law and the Company Law, BUMN's RKAP must be approved by the GMS. The State-Owned Enterprises Ministry, as the holder of Series A Dwiwarna shares, has proposed this agenda item to enhance decision-making efficiency regarding RKAP approval.

3. Changes to Company's Management Structure

The final agenda item concerns changes to the company's management structure, proposed by the State-Owned Enterprises Ministry through their letter dated December 16, 2025. This proposal will be submitted for approval during the RUPSLB. The appointment and dismissal of Directors and/or Commissioners require approval from the GMS attended by the holder of Series A Dwiwarna shares.

Implications

These changes reflect BTN's efforts to adapt to new regulatory requirements and optimize its operational structure. The restructuring of the board and adjustments to the company's articles of association demonstrate the bank's commitment to compliance and good corporate governance.