{
    "success": true,
    "data": {
        "id": 1046475,
        "msgid": "btn-expects-profits-to-rise-1447893297",
        "date": "1996-03-13 00:00:00",
        "title": "BTN expects profits to rise",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "BTN expects profits to rise JAKARTA (JP): Bank Tabungan Negara (BTN), the state-owned bank specializing in housing credits, expects its net profits to rise by 25 percent this year to Rp 211 billion (US$90.6 million). \"Based on a strong performance last year, we expect to expand our total lending by approximately Rp 2.9 billion this year,\" BTN's president, Widigdo Sukarman, told the House of Representatives' Commission V on finance and banking yesterday.",
        "content": "<p>BTN expects profits to rise<\/p>\n<p>JAKARTA (JP): Bank Tabungan Negara (BTN), the state-owned bank<br>\nspecializing in housing credits, expects its net profits to rise<br>\nby 25 percent this year to Rp 211 billion (US$90.6 million).<\/p>\n<p>\"Based on a strong performance last year, we expect to expand<br>\nour total lending by approximately Rp 2.9 billion this year,\"<br>\nBTN's president, Widigdo Sukarman, told the House of<br>\nRepresentatives' Commission V on finance and banking yesterday.<\/p>\n<p>\"Therefore, our total assets are expected to grow by 14<br>\npercent to Rp 10.8 trillion by the end of this year,\" Widigdo<br>\nsaid.<\/p>\n<p>The bank's total assets grew by 39 percent to Rp 9.5 trillion<br>\nlast year and net profits increased by 31 percent to Rp 169<br>\nbillion.<\/p>\n<p>Widigdo said that BTN's total outstanding credits would reach<br>\nRp 7.9 trillion by the end of this year and housing credits will<br>\nprobably account for 89 percent of the total.<\/p>\n<p>As of Dec. 31, 1995, BTN's housing loans were Rp 7.8 trillion,<br>\ngiven to more than one million borrowers.<\/p>\n<p>Six percent of the total housing credits were allocated for<br>\nthe purchase of 101,633 very-low-cost houses and the remaining<br>\n64.8 percent for 962,630 low-cost houses.<\/p>\n<p>Widigdo said that last year's profit increase was due mainly<br>\nto a significant credit expansion in 1994 as well as an increase<br>\nin loan repayments.<\/p>\n<p>\"Moreover, we were able to reduce our problem loans to only<br>\n0.11 percent of the total outstanding loans,\" Widigdo added. (08)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/btn-expects-profits-to-rise-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}