BTN-Jasindo Life Lauched in December 2017

Bank Tabungan Negara (Persero), Tbk (BBTN IJ) and Asuransi Jasa Indonesia establish a life insurance company, namely BTN-Jasindo Life in early December 2017. Insurance company with initial capital worth IDR300bn, had its 70% is contributed by Bank BTN as majority controlling, and the remaining 30% is owned by Jasindo as a minority shareholder. For the record, Bank BTN’s overall budgeted worth IDR700bn for its growth of the non-organic business sector, which is planned to be invested by management to acquire or create a new subsidiary.

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