BTN-RNI Agrees to Increase Commercial Credit

By : Herry Barus And Aldi Firhand. A | Thursday, September 20 2018 - 21:08 IWST

Dirut BTN (Persero) Tbk Maryono menjadi dosen tamu untuk memberikan kuliah umum di tengah ratusan mahasiswa Universitas Negeri Yogyakarta Jumat (20/10/2017) (Foto Rizki Meirino)
Dirut BTN (Persero) Tbk Maryono menjadi dosen tamu untuk memberikan kuliah umum di tengah ratusan mahasiswa Universitas Negeri Yogyakarta Jumat (20/10/2017) (Foto Rizki Meirino)

INDUSTRY.co.id - Jakarta - PT Bank Tabungan Negara (Persero) Tbk, agreed on a business partnership with PT Rajawali Nusantara Indonesia (Persero) to hoist up the company's commercial lending which had grown 16 percent (yoy).

BTN President Director Maryono in Jakarta, Wednesday (09/18/2018), said that commercial credit distribution reached Rp. 38.14 trillion as of the end of August 2018, up 16.89 percent on an annual basis (year-on-year / yoy) from Rp. 32.63 trillion in August 2017.

"Partnership with RNI, BTN will facilitate products and banking services to RNI," said through a written statement related to the signing of a Memorandum of Understanding (MoU) between BTN and RNI.

Maryono said that the cooperation that was soon realized included credit facilities from BTN to finance property development projects on RNI's land. Furthermore, BTN will also provide commercial credit services to RNI and bank guarantee or guarantee services.

"We will also provide KPR / KPA [home / apartment] credit and other consumer credit products with attractive schemes for RNI employees," Maryono said.

BTN, he said, will continue to enhance partnerships with various institutions to increase commercial lending and BTN's business performance which is targeted to grow 20 percent (yoy).

"We believe that with the various actions of innovation, transformation, and synergy that we do, we will be able to achieve these growth targets." he said.

 To boost lending, BTN has also previously partnered with PT Angkasa Pura II Persero with an investment credit facility worth Rp1 trillion. Then, BTN collaborated with a joint venture between AP II and PT Kereta Api Indonesia, namely PT Railink Indonesia.

News Comment

Today's Industry

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.