REPUBLIKA.CO.ID, JAKARTA -- State controlled mortgage lender, PT Bank Tabungan Negara posted 14.6 percent profit growth in 2013. BTN recorded a net profit of 1.56 trillion in 2013 from operating income of 2.13 trillion IDR. Company's disbursed loan also grew 23.41 percent or 100.46 trillion IDR.

Nonperforming loan (NPL) ratio declined from 3.12 percent in 2012 to 3.04 percent in 2013. Director of BTN, Maryono said that he did not want to pursue a high growth business, but following credit improvement quality. About 86 percent of credit portfolio was channeled to housing segment, while 13 percent to other segments.

"We wanted to keep loan quality in a safe position according to Bank Indonesia (BI) recommendation," Maryono said on Monday as reported by Satya Festiani.

BTN third party fund grew 19.24 percent or 96.21 trillion IDR. BTN also recorded asset growth of 17.38 percent, from 111.7 trillion IDR to 131.17 billion IDR.

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