PT Bank Tabungan Negara (BTN) Tbk (BBTN) allocates Rp700 billion for funding the acquisition over multi-financing firm PT Danareksa Finance and funding the life insurance joint venture (JV) with state insurer PT Asuransi Jasa Indonesia (Jasindo). The acquisition and JV creation are targeted to conclude this year. BTN intends to hold 85-89% ownership in JV.