JAKARTA (Yosefardi) – PT Bank Tabungan Negara (BTN) Tbk (BBTN) targets to boost its assets to Rp600 trillion in 2018, supported by government’s program to build one million houses.
As at September 2013, BTN’s market share on housing financing reached 30%. BTN is set to financing 122,542 houses, part of one million housing program initiated by the government.
BTN will maintain its loan growth of 18-20%. As at September 2015, BTN’s assets reached grew by 16.58% to Rp166.04 trillion. BTN plans to have life insurance company by end of this year.
The bank allocates capital expenditure (capex) of Rp500 billion for 2016. BTN expects to book net profit of Rp1.7-1.8 trillion this year. For next year, the bank targets net profit to grow by more than 25% and net interest margin to grow by 5-5.2%.