BTN Will Be Cuan In The Prabowo-Gibran Government

President Director of BTN Nixon LP Napitupulu. (Photo: Doc. Antara)

JAKARTA - PT Bank Tabungan Negara (Persero) Tbk (BTN) welcomes the plan of the government of the elected President Prabowo Subianto and the elected Vice President Gibran Rakabuming Raka who launched a program of 3 million houses.

President Director of BTN Nixon LP Napitupulu said the Prabowo-Gibran government program will have a positive impact on the company's performance, which does have a focus on housing financing.

"We are optimistic that next year it might be, in the next 5 years it will be BTN's year. Because the government is already very serious about launching 3 million houses," he said in a virtual Public Expose Live press conference, Tuesday, August 27.

Nixon admitted that he had held discussions with the New Government Housing Task Force team over the past two months. He said the new housing-related policies had been drawn up.

"It looks like they will really knock after the new government runs," he said.

According to Nixon, currently having housing needs or backloging is 10 million houses and 25 million uninhabitable houses. The government, he continued, will improve the housing sector and of course need financing from bank credit, one of which is BTN.

In addition, said Nixon, BTN will also get fresh air from the housing financing liquidity facility (FLPP) scheme to a new scheme using endowment funds which is closer to the interest difference subsidy.

"So our yield feels hopefully better than today. Because our interest difference subsidies can be higher than FLPP," he said.

Furthermore, Nixon said that this would help BTN's financial performance in the future.

"At FLPP, it seems that the pressure yield has happened. This could be looser and more," he said.

Nixon hopes that over the next 5 years, BTN can solve the long construction credit problem. said it would be the last year promised to complete or lay off high credit restructuring.

"So starting in 2025, BTN will open a new chapter. All the problems of high-rise credit building projects that have been around for a long time are no longer in our books. So even if they have been disabled or at NPL, they don't disturb them anymore," he said.

"Hopefully the correction or reverse to interest income will no longer occur in the years to come. Finally, we also hope that a decrease in the benchmark interest rate which will most likely occur next year will also help widen the BTN margin," he said.