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Wednesday, July 26 7:06 PM SGT

Bank Indonesia To Start On-Site Supervision Of 9 Banks

JAKARTA (Dow Jones)--Bank Indonesia said Wednesday it will begin next week on-site supervision of nine national banks including PT Bank Central Asia (P.BCA), PT Lippo Bank (P.LBK), PT Bank
Danamon Indonesia (P.BDI), PT Bank International Indonesia (P.BII), PT Bank Niaga(P.BNA) and PT Bank Negara Indonesia (P.BNI).

The other three banks are state-owned Bank Mandari, Bank Tabungan Negara, Bank Rakyat Indonesia.

Bank Indonesia said the supervision of the banks, which will begin by July 31, is among the measures agreed by Indonesia in its most recent letter of intent with the International Monetary Fund.

Bank Indonesia will scrutinize the banks` risk-based activities including foreign-exchange, transactions and liquidity, said Idris Kadir, deputy director of supervision.

The combined assets of the nine banks represent 75% of Indonesia`s total banking assets, Idris said.

Indonesia has spent billions of dollars to revive its shattered banking sector after a major crisis two years ago triggered by economic and political chaos. The IMF has pressed Bank Indonesia to avert any
chance of a re-run by imposing stricter supervision of national banks.

The Indonesian central bank recently stepped up inspections of foreign and local bank dealing rooms in an attempt to monitor foreign-exchange transactions and limit excessive speculation after the rupiah
crashed last week to 21-month lows.

But Idris said the supervision of the nine Indonesian banks was a separate matter unconnected to the foreign-exchange inspections.
 
aus der Diskussion: Bank International Indonesia
Autor (Datum des Eintrages): schlaumeyer  (26.07.00 21:45:03)
Beitrag: 24 von 50 (ID:1418163)
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