Jakarta (ANTARA News) - State-owned Bank Tabungan Negara (BTN) last year saw its net profit grow 86.73 percent to Rp915 billion from the year before on rising interest income.

"The profit outstripped the target of Rp725 billion. We hope our profit will hit a record high of Rp1 trillion this year," BTN President Director Iqbal Latanro said here on Wednesday.

He said the bank`s total assets rose 17 percent to Rp68.38 trillion from Rp58.45 trillion and were expected to increase to Rp100 trillion this year.

The amount of loans channeled last year grew 26.56 percent to Rp51.55 trillion from Rp40.73 trillion, with the ratio of home loan to non-home loans standing at 90.1 percent to 9.9 percent, he said.

"Looking ahead, we aim to increase the amount of non-home loans so in the next two to three years the ratio of home loans to non-home loans will be 85 percent to 15 percent," he said. (*)

Editor: Kunto Wibisono
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