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Jakarta Post

BTN, SOEs collaborate to improve fund collection, loan disbursement

Winny Tang (The Jakarta Post)
Jakarta
Thu, December 29, 2016

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BTN, SOEs collaborate to improve fund collection, loan disbursement  Stronger collaboration – State-Owned Enterprises (SOEs) Minister Rini Soemarno (center) poses for a photo with Bank Tabungan Negara (BTN) president director Maryono (second from right), Semen Indonesia president director Rizkan Chandra (right), Perum Perumnas president director Bambang Triwibowo (second from left) and Krishna Syarif, the investment development director of the Social Security Agency for Workers (BPJS Ketenagakerjaan), after the signing of a collaboration agreement between BTN and seven SOEs in Jakarta on Thursday. (Antara/Sigid Kurniawan)

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tate-run lender Bank Tabungan Negara (BTN) signed on Thursday a collaboration agreement with seven state-owned enterprises (SOEs) to improve its fund collection and loan disbursement.

The SOEs comprise mining company Bukit Asam, reinsurance firm Reasuransi Indonesia Utama, property firm Pembangunan Perumahan (PTPP), cement maker Semen Indonesia, financing company Permodalan Nasional Madani (PNM), house developer Perum Perumnas and the Social Security Agency for Workers (BPJS Ketenagakerjaan).

 “This aims to improve our business-to-business cooperation with potential business partners, in which this is in line with the SOE minister’s [Rini Soemarno] directives,” said BTN president director Maryono in a media statement, after he inked the agreement with the seven SOEs.

He said it was hoped the collaboration could open up opportunities to tens of thousands of people to receive benefits from BTN. People who might receive the benefits include 21,250 employees from the seven SOEs that had inked the agreement with BTN and 20,000 BPJS active participants of BPJS, he went on.

Among the benefits people could take advantage of include credit facilities with a competitive rate and house mortgages with competitive loan rates.

It is expected the collaboration between BTN and PTPP and Perum Perumnas could increase the supply of houses as much as 46,600 units every year.

“In the long term, these partnerships will be beneficial to raise credit growth and collection of funds,” Maryono said. (ebf)

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