State-owned mortgage bank PT Bank Tabungan Negara (BTN) Tbk (BBTN) has consistently been valued way below equity despite improvements in the bottomline. The bank booked net profit of Rp3 trillion in 2022, grew 25% year on year (y/y), as operating profit rose 26.6% y/y to Rp3.8 trillion. While interest income and income from profit sharing was maintained at Rp25.9 trillion.To subscribe please click here
