JAKARTA. Bank Tabungan Negara (BTN), the only state-owned listed bank that was excluded from the tax amnesty program, has announced that it will soon become one of the trustee banks after it introduces an investor account service in August. The government requires all trustee banks involved in the program to have at least one of three services, namely trustee, custody or investor accounts (RDN). In the preliminary official bank list issued by the finance ministry, BTN was not included as it had yet to have one of the facilities. “We have just sealed an agreement with Danareksa Investment Management and the RDN service will be available in early August,” BTN president director Maryono told thejakartapost.com in his office on Wednesday in Jakarta.
BTN to become trustee bank in August
JAKARTA. Bank Tabungan Negara (BTN), the only state-owned listed bank that was excluded from the tax amnesty program, has announced that it will soon become one of the trustee banks after it introduces an investor account service in August. The government requires all trustee banks involved in the program to have at least one of three services, namely trustee, custody or investor accounts (RDN). In the preliminary official bank list issued by the finance ministry, BTN was not included as it had yet to have one of the facilities. “We have just sealed an agreement with Danareksa Investment Management and the RDN service will be available in early August,” BTN president director Maryono told thejakartapost.com in his office on Wednesday in Jakarta.