Bank Tabungan Negara (BTN)
Bank Tabungan Negara was established in 1897 as a postal savings bank under the name Postspaarbank, with its headquarters located in Batavia. During the Japanese occupation of Indonesia, the bank was frozen and replaced with the Savings Office (Japanese : Hepburn Chokin-kyoku, Nihon-shiki : Tyokin-kyoku)
After the proclamation of Indonesian independence, the bank was taken
over by the Indonesian government on 9 February 1950 under the Emergency
Law No.9 and renamed "Bank Tabungan Pos" (Postal Savings Bank). In 1963 the bank's current name, Bank Tabungan Negara, was adopted. Bank BTN became the first bank to be appointed by the government to
provide housing finance and mortgages to lower and middle income
individuals.
The bank underwent a corporate restructure in 2003, which was followed by an Initial Public offering (IPO) in 2009 that led to the listing of Bank BTN on the Indonesia Stock Exchange. The IPO was ranked as Indonesia's largest IPO as of 2009.
Bank Tabungan Negara, officially known as PT Bank Tabungan Negara (Persero) Tbk, is a commercial bank based in Indonesia and regulated by Bank Indonesia, the nation's central bank.
Bank Tabungan Negara operates under the brand name Bank BTN and its headquarters are located in Jakarta, Indonesia. Bank Tabungan Negara literally means "State Savings Bank" in Indonesian. Its products include banks accounts (savings, current, and fixed deposit), loans (personal, business, and home loans) and shariah compliant banking services. Bank Tabungan Negara (BTN) History
