BTN and PT Pos upbeat on 2014 outlook

JAKARTA. State-owned lender Bank Tabungan Negara (BTN) and postal firm PT Pos Indonesia on Thursday reaffirmed their commitment to strengthening their existing partnership toward higher business growth.

They expect to increase profits this year to Rp 3 trillion from last year’s Rp 1.9 trillion through a number of joint ventures.

“Increasing profits to Rp 3 trillion won’t be difficult. I think we can reach Rp 3 trillion ,” said BTN president director Maryono.

PT Pos president director Budi Setiawan meanwhile said the two companies had a solid partnership because they had similar market segments.

So far, BTN operates customer service counters and automated teller machines (ATM) in more than half of the PT Pos offices across Indonesia. The state lender and PT Pos also have a joint product, called the e-Batara Pos, which is a savings account where transactions be carried out through PT Pos’s website and selected branches.

The two state-owned enterprises have been collaborating since 2005 and plan to expand their cooperation, especially in pension credit and BTN’s specialty, mortgage loans. BTN and PT Pos also plan to start services for pension credit and mortgage loans payments this year in selected PT Pos branches.