Appointed By Erick Thohir To Be The New BTN President Director, Haru Koesmahargyo Is Immediately 'mugged' With A Profit Target Of IDR 2.8 Trillion

Haru Koesmahargyo has become the new BTN President Director replacing Pahala Nugraha Mansury who is currently the Deputy Minister of BUMN. (Photo: Doc. Antara)

JAKARTA - The Annual General Meeting of Shareholders (AGMS) of PT Bank Tabungan Negara (Persero) Tbk appointed Haru Koesmahargyo as the new BTN President Director to replace Pahala Nugraha Mansury who is currently the Deputy Minister of BUMN.

Shareholders also appointed Nofry Rony Poetra as Director of Finance, Planning and Treasury and Eko Waluyo as Director of Compliance and Legal, and appointed Iqbal Latanro as Deputy President Commissioner concurrently as Independent Commissioner.

In addition to dismissing Pahala Mansury as the President Director of Bank BTN, shareholders also dismissed Yossi Istanto from his position as Director of Human Capital, Legal, and Compliance.

Bank BTN Corporate Secretary Ari Kurniaman said the company positively welcomed the new management composition.

"We are optimistic that these new ranks will also solidly bring Bank BTN to support the government program, namely the One Million Houses and the PEN Program," said Ari as quoted from Antara, Wednesday, March 10.

BTN business, he continued, will continue to run normally while still supporting the national housing program as the core business of Bank BTN.

In addition, Ari added that Bank BTN will also continue to innovate in order to increase financing in the housing sector. Moreover, the housing sector has a multiplier effect on 174 other sectors, so that it can become a driving force for the improvement of the national economy.

With the new board, the company is optimistic that the business target set for 2021 will be achieved. As for this year, the issuer coded as BBTN shares is targeting net profit to rise to the range of Rp2.5 trillion to Rp2.8 trillion.

"We are also optimistic that we will be able to achieve the position as The Best Mortgage Bank in Southeast Asia in 2025, supported by a strong housing infrastructure and continuous innovation so that it can provide opportunities for Indonesians to easily have affordable housing," said Ari.

Several financial performance targets that were also set by Bank BTN in the metal buffalo, namely credit and financing, are targeted to increase by 7 percent to 9 percent. Third Party Funds (DPK) are also targeted to be at a level equal to credit or in the range of 7 percent to 9 percent.