Jakarta - SOE Minister Erick Thohir said the results of PT Bank Tabungan Negara Tbk's right issue of Rp4.13 trillion would strengthen the company's capital. With this additional capital, BBTN can multiply its housing financing capabilities.

Before this, BBTN provided housing loans to 800,000 units over the last five years. After the additional capital is raised, BBTN is expected to be able to finance up to 1.32 million housing units.

"BBTN's oversubscription rights issue is proof of public trust in the future of BTN," said Erick in a press release on Monday (9/1).

In his opinion, the source of funds from the rights issue also shows that the quality of BBTN's capital is getting higher because this bank does not depend on debt.

"Thus, BBTN is getting healthier and has more energy to continue expanding," he added.

The main director of BTN, Haru Koesmahargyo, said that the results of the rights issue s