REPUBLIKA.CO.ID, JAKARTA - State owned lender Bank Tabungan Negara (BTN) will conduct asset securitization of housing loans worth 10 trillion IDR or 10 percent of total assets of 100 trillion IDR in the next three years. 

"Ten percent (of total asset) is good enough," President Director of BTN, Maryono said then added that the scheme would be developed as alternative funding to increase the capacity of banks to get new loans.

"The bigger the asset securitization, the stable the BTN will be," Maryono said on Wednesday.

Through this securitization of assets, BTN can also increased its business development through fee based income. Maryono also hopes the costumers can also join to the bank's consumer banking.

BTN has recorded the assets securitization of 3.9 trillion IDR in 2013. The bank eyes the target of 1.5 trillion IDR this year or increase from the previous year, worth 1 trillion IDR. 

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