REPUBLIKA.CO.ID, JAKARTA -- An issue has been spread that state owned mortgage lender, PT Bank Tabungan Negara (BTN) will be taken over by one of two other state owned banks, PT Bank Mandiri and PT Bank Rakyat Indonesia. The two companies is considered as prospective purchasers of bank that focus on the mortgage. Is it true?

"This issue is not true, but also not false. Until now, BTN has not coomunicated about this acquisition, either with BRI and Bank Mandiri," President Director of BTN, Maryono said recently as reported by Satya Festiani.

BTN is currently concentrating to improve its performance. Maryono said that he would bring the company to become the largest bank in housing sectors. He has sent a letter to regulators that the company wanted to focus on housing as business transformation.

In short term, BTN takes time until 2017, so company will accelerate the transformation this year in terms of business, culture and infrastructure. BTN shares are currently owned by government (60.14 percent) and public (39.86 percent). Public shares consisted of local investors (64 percent) and foreign investors (36 percent).

Maryono asked government and company's shareholders to understand BTN strategic role as government's companion to meet basic needs of Indonesian people in housing sectors.

"We hope that all parties to understand our strategic position and not use it for business purposes," Maryono said.

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