Huge Investments for the Spin-off Plan

By Editorial Team 07/10/2019
Summary

PT Bank Tabungan Negara Tbk (BTN) is preparing to spin its sharia business unit (UUS) in 2020. The spin-off is done to give the sharia business unit’s freedom of doing business.

For the plan, BTN must at least inject capital of around Rp 4.5 trillion to Rp 5 trillion to maintain the capital adequacy of Islamic banks resulting from the spinoffs, assuming that BTN entirely owns the Islamic banks. Therefore, BTN also considers opportunities to engage other parties to make investments.

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