BUSINESS INFORMATION -Director of Bank Tabungan Negara (BTN) Latanro Iqbal said, BTN was ready to do the bidding of shares (IPO)

BUSINESS INFORMATION -Director of Bank Tabungan Negara (BTN) Latanro Iqbal said, BTN was ready to do the bidding of shares (IPO) so it is listed in the Indonesia Stock Exchange (Bei) in 2009 this.

Made before the House of Representatives has approved IPO of state-owned bank. Later in the IPO, the government shares in the BTN will be released to the market as much as 30 percent.

According to him, at this time his side had put five candidates to the Secretary of State underwriter owned. Underwriter of the five, and later the government will appoint. Five underwriter, the three of them state-owned while the other two from the private sector. However, Iqbal can not let anyone who asked.

According to him, if the underwriter has been appointed, usually a maximum of three months and already can IPO. "This is based on our experience when the bonds issued, usually two months, a maximum of three months," he said.

He explains, with the IPO is expected BTN can improve the performance of the company. For the total funds earned from the IPO will be used by the BTN to strengthen capital and improve performance.

He said that, at this time BTN Bank was ranked 11 banks in Indonesia. With the IPO will go to the BTN in the top ten ranking of banks in Indonesia.

On the other hand, with the additional funds from the IPO is expected to also able to lower interest rate loans.

Meanwhile, the Head of Research Budi Bhakti Securities Ruseno HP, said in semester II this is a great time to do the IPO.

He adds, should make BTN IPO in the early-early semeter II, because time is a time where investors are still very strong entry to the exchange floor.

According to him, IPO BTN should really be prepared with cooked, especially related to corporate image. It also can expand the network with the purchase of shares of utilizing offices BTN, BTN, so our customers can also share an IPO later.

In addition, he also suggested to choose a competent underwriter, the selling shareholders are able to be removed, and is able to maintain (post IPO).

According to him, if the BTN successful IPO do well, and it will become a reference for other state-owned enterprise to enter the capital market.

Deputy Governor of Bank Indonesia Mulyaman D Hadad said to encourage the banks to go to the IPO and stock exchange. For the entrance to the bank to exchange the floor, then the better banking supervision.