Global Banking and Finance Review Names PT Bank Tabungan Negara (Persero) Tbk as The Best Investor Service Provider in Indonesia 2011

    LONDON, ENGLAND, May 17, 2011 /24-7PressRelease/ -- Global Banking and Finance Review, has awarded PT Bank Tabungan Negara (Persero) Tbk "The Best Investor Service Provider" in Indonesia 2011. BTN was chosen after a series of assessments by industry analysts on several important parameters. The parameters include strength of the management, innovation, transparency, and ability to serve the complaint.

The Director of BTN, Iqbal Latanro said this award is an appreciation for the excellent quality of BTN service to stakeholders, especially investors.

About PT Bank Tabungan Negara (Persero) Tbk

PT Bank Tabungan Negara (Persero )Tbk - (BTN) is a fully commercial bank focusing on housing finance, mortgage for a broader group of communities, consisting of subsidized housing loans for middle and lower income group, and commercial housing loans for middle and upper level segment. As the pioneer of mortgage, BTN is leading the market with 27% market share on total mortgages, and remains very strong particularly on subsidized mortgage with 97% market share.BTN as the tenth largest bank in Indonesia has been able to maintain the loan growth by an average 27% for the last 3 years, or far above the industry growth of 22%. BTN used to be 100% owned by government of Republic of Indonesia before it went public and listed 30% of its shares on the Indonesia Stock Exchange on December 17, 2009. The initial stock price was IDR 800 and it has been increasing since and reached the top by IDR 2.050 in November 2010. The composition of foreign investors keep increasing over time, and recently 67% of floating shares owned by overseas investors.

For further information visit:

PT Bank Tabungan Negara (Persero) Tbk at www.btn.co.id

About Global Banking and Finance Review

Global Banking & Finance Review is an online portal which has evolved from the growing need to have a more balanced view for informative and independent news for the global banking and finance industry. It is reflected in the quality and in-depth insight provided by our experienced contributors in a clear and concise way. Global Banking and Finance Review brings together the entire fundamental and growth areas of finance and banking into one easy, informative and all-encompassing publication. The editorial content is impartial in nature. The readership comprises of senior decision makers from fortune 500 companies, large banks, financial institutions and Central Banks from 120 different countries.

For further information visit:

Global Banking and Finance Review at www.globalbankingandfinance.com

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