BTN Bank

The specialist's bank KPR (ownership credit of the house) this was ready raised sekuritisasi assets as far as Rp 750 billion. The managing director PT BTN Iqbal Latanro said, initially the company indeed only will do sekuritisasi assets with a value of Rp 500 billion.

The plan five public an amount of BUMN could be ascertained retreated. This the reason for the condition for the money market that was not yet fully conducive. Some of BUMN, Bank Tabungan Negara (BTN), chose sekuritisasi assets to reinforce capitalisation.

Moreover, in the strengthening of capital, BTN also was helped by the co-operation of the fund manager jamsostek for housing of Rp l trillion as well as the entrusted goods fund of Rp 2 trillion from Bapertarum (the Pertimbangan Body of Perumahan savings). In fact, BTN also had the alternative to funding through the sale of the first share or initial public offering (IPO).

With Krakatau Steel (KS) and the Garuda Indonesia, BTN has indeed gotten the green light from the People's Representative Council, but still could not be brought about because of the condition for the money market that did not yet show signs recovery