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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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BTN seeks alternative funds for loan growth

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta | Wed, February 14 2018 | 12:30 am

PREMIUM State-owned lender Bank Tabungan Negara (BTN) plans to seek out alternative funding this year in a bid to support its loan expansion, which is set to increase over last year.The country’s largest mortgage lender expects to raise a total of Rp 18 trillion (US$1.31 billion) in funds from sources outside traditional third-party funding, namely securitization, bilateral and convertible loans and the...