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Jakarta Post

BTN to speed up digital transformation with new boss

  • Riska Rahman

    The Jakarta Post

Jakarta   /   Thu, November 28, 2019   /  02:56 pm
The Jakarta Post Image
Pahala N. Mansury, formerly the finance director of state-owned oil and gas company Pertamina and the president director of national flag carrier Garuda Indonesia, was named president director of state-owned lender Bank Tabungan Negara (BTN) on Wednesday.(

State-owned lender Bank Tabungan Negara (BTN) wants to expedite its digital transformation to improve efficiency and profitability following the appointment of Pertamina’s former finance director at the helm of the bank. BTN finance director Nixon Napitupulu said in Jakarta on Wednesday that, under the digital transformation, the bank would further develop its digital platforms to reduce operating costs and expand its reach. In addition, the bank would seek cheaper funding sources to finance its mortgage loans. “We will focus on boosting savings while focusing on retail time deposits,” he said during a press briefing after an extraordinary general shareholders’ meeting in Jakarta, which officially appointed former Pertamina finance director Pahala Mansury and three other people to the board of directors. In addition to Pahala, who was the president direct...