JAKARTA (Yosefardi) – PT Bank Tabungan Negara (BTN) Tbk (BBTN) and state-owned PT Sarana Multigriya Finansial had in October 1, 2013 signed agreement on mortgage loan facility refinancing amounting Rp500 billion.
SMF focuses on developing a secondary mortgage market in Indonesia. It was established by the government of Indonesia in 2005 and is regulated and supervised by the Ministry of Finance.
BTN booked net profit of Rp673 billion in the first half ended June 30, 2013, inched up from Rp659 billion in the corresponding period of 2012.