Bank Tabungan Negara: Expanding Within the Housing Segment
We reiterate our BUY call on BBTN with a GGM-derived TP of IDR2,000 (implying 1.0x 2023F PBV) post the release of the 1Q23 results.
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Bank Tabungan Negara (BBTN IJ)
Bank Tabungan Negara (BBTN IJ)
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Analysis
Financials • Indonesia
Bank Tabungan Negara, abbreviated as BTN, is an Indonesian commercial bank primarily known as a mortgage bank, offering a range of financial products including savings, current, and fixed deposit accounts, as well as personal, business, and mortgage loans. The bank also provides Sharia-compliant banking services. It is headquartered in Jakarta, Indonesia, and was founded in 1897.
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