BANK BTN: TRANSFORMING BUSINESS THROUGH BSC AND IPO

21 Mar 2018

Status

Done

Year

2010

Case Number

110-0503-006

Author Name

Dian Triasurya, MBA.

Category

Finance & Banking & Economics

Course Major

Corporate Finance

Related Topic

Equity Financing

Teaching Note Availability

Yes

Abstract

Bank BTN’s Management has initiated to transform the bank into world class financial institution. Two strategic moves have been taken by Bank BTN; which are implementing Balance Score Card (BSC) and going public (IPO). The Bank started to develop BSC on November 2008. A year after that (on November 19, 2009), Bank BTN listed in Bursa Efek Indonesia with IPO’s price of Rp. 800 per share. The IPO has been an accomplishment as the price of Bank BTN’s share has jumped up to Rp. 1.870 per share (October 5, 2010); an increases of 134%. These two strategic business moves are expected to have long term impact to sustainability of the organization as the management aims for becoming world class bank in 2018.