PT Bank Tabungan Negara Tbk (BTN), one of the biggest bank focused in mortgage loan, plans to asset securitization amounting IDR750 billion to IDR1 trillion in third quarter of 2010.
PT Sarana Multigriya Finansial wil act as a buyer for asset securitization. BTN plans to securitize IDR750 billion asset, if the market indicates positive signal, the amount will be increased to IDR1 trillion
The company set credit growth target at around 27%. BTN has announced its net income amounting IDR390.61 billion, a rise by 97.11% compared to that of the same period last year.
The highest profit was mainly contributed by loan disbursement. As reported, BTN's credit grew 29.61% to IDR46.41 trillion through the end of June 2010.
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