Bank Bali -ich meine, kaufenswert - 500 Beiträge pro Seite

[manfred1_I]

Kaufen wenn die Kanonen donnern.

Kurs liegt auf Tiefstniveau.
Bei 4 - 6 Cent kann man nicht viel
falsch machen.

Viel Glück.

[Inostar]

Schön das es noch einen gibt, der positiv zu Bank Bali eingestellt ist.
Solange sich die Lage in Indonesien nicht grundlegend stabilisiert, werden wir diese günstige Einstiegsmöglichkeit
noch länger haben. Ich für meinem Teil habe noch genug davon seit letztem Sommer in meinem Depot.
Würde mich freuen wenn die sich mal wieder ein bißchen nach oben bewegen würden.
Ein stets hoffender inostar

[Dursum]

Hallo Bali Bänker,
habe leider auch noch Bali Bank Aktien. Der Kurs könnte wirklich mal steigen.

[manfred1_I]

Die Börse ist doch ganz einfach.
Bei Tiefstkursen einsteigen, bei
Höchstkursen aussteigen.

Glaubt Ihr das Bank Bali am
Höchstkurs liegt?

Bei 4 Cent hat auch diese
Aktie kaum noch Luft nach
unten.
Leider nur einige Stücke
zu 5 cts. bekommen.
Bei 4 cts. war nichts zu holen.
Wahrscheinl. falscher Börsenplatz.
Viel Glück.

[monopolix]

... hat immer noch 100% Platz nach unten (oder wenigstens 75%, da 1C Erinnerungswert)!

Gibt es eigentliche effektive Stücke von Bank Bali?
Mit den 100000 im Depot könnte ich glatt meine ganze Wohnung tapezieren!

Nix für ungut ... wird schon wieder!
MX

[Spark2]

Hallo Bank Bali Teilhaber - Euer Optimismus in Ehren, aber es gibt zur Zeit wahrlich schlechte Nachrichten - deshalb Vorsicht vor Pusher, die noch schnell ihre letzten Stücke loswerden wollen.
Hier ein Beitrag vom 7.7.00 aus http://www.tempo.co.id/news/2000/7/6/1,1,33,uk.html
Ende Juli wird die IBRA eine endgültige Entscheidung über die Rekapitalisierung oder Liquidation der Bank Bali entscheiden. Hier ein Teil des Originalbeitrags:
By the end of July Bank Bali’s Fate To Be Determined
7 Jul 2000 16:36:49 WIB

TEMPO Interaktif, Jakarta: The secretary of Committee for Finance Sector Policy (KKSK), Syarifuddin Tumenggung, told the press on Thursday night, July 6, that final decision whether Bank Bali would be recapitalized or liquidated will be determined by the end of July. It is the result of committee’s meeting which took place from Thursday afternoon at National Planning Board (Bappenas) Building, Jakarta.
“Next week, IBRA (Indonesian Banking Restructuring Agency) will submit its review on Bank Bali to the government. From this review, it will be determined whether or the bank will be closed down,” Syarifuddin asserted. He added the government only had two options until yesterday. There is no intention for the government to merge Bank Bali with other bank.......

[7Raven]

Sollte Bank Bali zugemacht werden, dann sollten die Aktien wenigstens ausgegeben werden. Auf dem Flohmarkt bekommt bestimmt noch ein paar Pfennige dafür.

Alles über Bank Bali in Englisch auf der Seite

www.thejakartapost.com

Bin schon fast ein Jahr in diesem "Wert". Vielleicht wird es ja noch was. Immerhin haben die soviel ich weiss 6000 Angestellte.

[Spark2]

In der Bank Bali Sache kommt Bewegung. Ramli, ehem. Besitzer und Präsident will unter drei Bedingungen zurücktreten. Bisher war er DIE Bremse im Restrukturierungsprozess der IBRA.
Die Forderungen:
1. Die Regierung muß die Anteile der Deutsche Börse Clearing AG (500 Mrd. Rupia) "killen", dh. in diesem Fall, die Stimmrechte entziehen, die Dividendenberechtigung soll bleiben. Ramli war angeklagt, hinter diesem ominösen Geschäft mit der DBC zu stehen.
2.Sein Arbeitsvertrag und die des Managements sollen erfüllt werden (3 jahresvertrag).
3. Alle Anwaltskosten sollen erstattet werden.

Alles in allem ca. 9 Mrd. Rupia.
"Man" scheint mit seinem Verlangen einverstanden zu sein - Bank Bali doch nicht in Liquidation ? Hoffen wir`s.
Hier der Originaltext vom 13.07.00:
Rudy Ramli demands Rp9 billion in compensation
JAKARTA (Bisnis): The former owner and President Director of Bank Bali Rudy Ramli is ready to let go of the private bank with only Rp9 billion in compensation for a fee as Bank Bali management and for the lawyer`s fee.
"I actually don`t want anything from the government, and I am ready to go out of Bank Bali on only three conditions," he told reporters yesterday.

The three conditions are, the government has to `kill` the shares of Deutsche Bourse Clearing AG (DBC) in Bank Bali. This, he added is very important considering he had been accused as the party behind the bourse. The term `kill` here is so that DBC no longer has the right to vote and forbidden from taking parts in the rights issues.

"In this case, DBC is not allowed to sell nor buy more of Bank Bali shares, but is still entitled to the dividend right to Bank Bali. So that if was really behind DBC-like what many has presumed -let me suffer because DBC`s investment in Bank Bali has already reached Rp500 billion," he said.

Rudy further added that he is also ready to be kicked out of Bank Bali-just like how IBRA and BI wanted -but on a condition that BI and IBRA have to fulfill his working contract with Bank Bali. As the management, he had been signed under a three-year contract as the president director, and therefore he must receive the salary, fee and incentives, which amounted to no more than Rp2 billion.

"The third condition is that all of his lawyers` fees have to be reimbursed because what happened to him was in his capacity as a Bank Bali official. The amount is around Rp6 billion -Rp7 billion, so that totals around Rp9 billion," he said.

So, those are the requirements he had asked for and that it is not true that he had asked for many things from the government, he said.

Meanwhile on the Rp9 billion compensation, Chairman of House Commission IX Sukowaluyo Mintohardjo said that it was not a principle matter and therefore the demand could be accommodated.

"I think that such demand is his rights [Rudy Ramli] in terms of the Bank Bali management. Meaning we can say that as a goodwill," he said when contacted by Bisnis yesterday. (yn/gps)

[7Raven]

Was ist die Quelle dieser Nachricht. Die Offenlegung der Anteile der DBC war schon letztes Jahr gefordert worden, da eben vermutet wird das Die Familie Ramli hinter den Anteilen steckt. Rudy Ramli war Manager bzw. Präsident der Bank. Wir kann er fordern das ein Anteilseigner auf irgendwelche Rechte verzichtet ?

Gruss 7Raven

[Spark2]

Sorry, die Quelle ist BISNIS INDONESIA Online www.bisnis.com
Spark2

[7Raven]

Government transfers Bank Bali back to
Bank Indonesia

JAKARTA (JP): The Financial Sector Policy Committee
(FSPC) decided late on Thursday to transfer Bank Bali from
the Indonesian Bank Restructuring Agency (IBRA) into
the hands of Bank Indonesia.

The move could lead to the closure of publicly listed Bank
Bali unless its former majority owners can come up with the
necessary cash requirement to recapitalize the bank.

Coordinating Minister for the Economy, Finance and
Industry Kwik Kian Gie, who also heads the FSPC, said
that after making a thorough study the committee decided
that IBRA must honor the recent ruling of the Jakarta
Administrative Court that the nationalization of Bank Bali
by the agency was unlawful.

"So it`s now up to Bank Indonesia to decide what it wants
to do with Bank Bali. IBRA no longer has any
responsibility (over Bank Bali). After all, Bank Indonesia is
now 100 percent independent," Kwik told reporters
following a meeting of the FSPC, which groups several
senior economics ministers.

Under the country`s banking law, Bank Indonesia still
retains its supervisory role over the banking sector. The
independent central bank will relinquish that supervisory
responsibility in 2002.

The meeting was also attended by senior officials of IBRA
and Bank Indonesia.

"We think that it`s best if we honor the court`s decision
because Indonesia is a law-abiding nation," Kwik said
when asked for the reason behind the surprise FSPC
decision.

But he declined to say whether the move would lead to the
liquidation of Bank Bali. "It`s really up to Bank Indonesia;
you can ask them."

Bank Indonesia senior deputy governor Anwar Nasution,
who attended the meeting, refused to make any comments.

Bank Indonesia decided last July to transfer the fate of
Bank Bali to IBRA, the first step toward nationalization and
eventual recapitalization.

The central bank transferred Bank Bali to IBRA because
the bank`s former owner, the Ramli family, could not come
up with the 20 percent cash requirement to help recapitalize
the bank.

Under the country`s bank recapitalization program, the
government will finance up to 80 percent of a bank`s
recapitalization cost by injecting bonds.

But Bank Bali former owner and CEO Rudy Ramli filed a
suit against the government`s takeover of his bank, and the
Jakarta Administrative Court unexpectedly ruled in favor of
Rudy.

Bank Indonesia and IBRA then launched an appeal.

But Kwik said that with the new decision, IBRA would no
longer continue with its an appeal.

"IBRA will honor the court`s decision," he said.

The government initially planned to complete the
recapitalization of Bank Bali by June at a cost of Rp 4.9
trillion.

But the plan had to be delayed after the House of
Representatives demanded that the government first settle
its legal dispute with Rudy over fears that he might win the
case while the government had spent a lot of money on
recapitalizing the bank.

The government has said that each month of delay in the
recapitalization of Bank Bali would inflate the cost by Rp 40
billion.

It is not clear whether Rudy has enough cash to help
finance the recapitalization of his bank.

Rudy told the media on Wednesday that he would drop his
lawsuit and claim of ownership of Bank Bali if the
government paid him some Rp 9 billion in compensation
and froze the rights of Bank Bali`s current controlling
shareholders, Deutsche Bourse Clearing AG, to sell or buy
the bank`s shares.

Rudy also demanded that the government freeze the voting
rights of DBC, a German-based investment firm.

Separately, chairman of the country`s Capital Market
Supervisory Agency (Bapepam) Herwidayatmo said the
agency could freeze the voting rights of DBC, but could
not freeze its rights to sell or to buy.

He did not say whether the agency would freeze the voting
rights of DBC, but said that Bapepam had formed a new
team to uncover the investors behind DBC, who had
amassed more than 50 percent of Bank Bali`s shares.

Elsewhere, Kwik said that IBRA had handed the case of the
former owners of four closed banks over to the Attorney
General`s Office.

He said that the former owners of the four banks, including
Bank Dewa Rutji, Bank Central Dagang, Bank Aspac and
Bank Orient had been uncooperative in settling their
obligations to the government.

Kwik said that the top priority of the Attorney General`s
Office would be to maximize the recovery of the state`s
money, while legal action would be the last resort. (rei)


This Website is designed and maintained for The Jakarta Post by Insprint.
All contents copyright © of The Jakarta Post.
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[freizeitboersianer]

Und was bedeutet dies jetzt????

[lunatic]

In meinem Diraba Depot notiert Bank Bali seit heute Abend mit 0.00 Euro... Total Verlust... aber was ist schon Geld...

(wenn ich diesen Meinel in die Finger krieg...)

cu... Lunatic

(PS: Ich erwarte eine Email von einem Analysten von PT DANPAC SECURITIES... mal schaun was er zu der Sache sagt. Im April hat er gesagt, dass die Regierung inoffiziell beschlossen haette Bank Bali nicht Pleite gehen zu lassen, sonst wäre dies schon längst geschehen.)

[7Raven]

Bank Bali Back to Bank Indonesia
14 Jul 2000 15:31:54 WIB

TEMPO Interaktif, Jakarta:Coordinating Minister for the Economy, Finance and
Industry, Kwik Kian Gie, officially announced the transfer of Bank Bali from IBRA
(Indonesian Banking Restructuring Agency) to Bank of Indonesia (BI). It is an
implementation of Jakarta Administrative Court’s judgment that accomplished Rudy
Ramli’s claim over BI, c.q. IBRA, regarding BI’s decision to impose the ‘taking over
bank’ status on Bank Bali. Kwik told the press at Bappenas Building, in Menteng,
Central Jakarta, on Thursday afternoon, July 13.

“Given the judgement of Jakarta Administrative Court No. 138/G. TUN/1999/PTUN
JKP, that annulled BI’s letter No. 114/KEPDPG/ 1999 dated June 29, 1999
regarding the imposition of ‘taking over bank’ status on Bank Bali, IBRA has a legal
obligation to execute the judgement,” Kwik said explaining the background of the
return. Based on legal obligation and good intention, Kwik added, Finance Sector
Policy Committee decided to return BI to Bank Indonesia. Other than that, the
status of Bank Bali will also change from taken over bank to recapitalized bank.

“As a follow up of the committee’s decision, IBRA will also withdraw its appeal from
the State Administrative Court. IBRA considered all of its problems with Bank Bali
are over. From now on, Bank Bali should deal the matter with BI,” Kwik asserted.
Considering the fact that Bank Bali’s Capital Adequate Ratio (CAR) has reached
–60%, Kwik was also asked whether or not the bank would be liquidated. “It is not
my authority to decide it. It is better to ask Bank Indonesia,” he added.

In the mean time, Chairman of Capital Market Supervisory Agency (Bappepam),
Herwidayatmo, told the press that he would probably abolish the right to vote of
DBC (Deutsche Boersche Cliring), the major shareholders of Bank Bali, if Bank
Bali carries out its right issue. “DBC has violated the regulation on tender offer
since it continuously bought Bank Bali’s shares that exceeded the 20% limit,” he
said explaining the reason of the abolishment. Bappepam has difficulties to trace
the persons behind DBC. “To investigate those behind DBC, Bappepam will
establish a special investigation team,” Herwidayatmo said before leaving
Bappenas Building.

Quelle: www.tempo.co.id

Gruss 7Raven

[Nuno]

Was hier bei Bank Bali passiert ist, tut mir für alle Aktionäre leid.

[Spark2]

Mir tut es auch unendlich leid, zumal ich einiges verlieren werde. Sch.... Investment gewesen. Ich habe doch der Demokratisierung zu sehr vertraut. naja - das nächstemal besser.

Spark

[freizeitboersianer]

Noch nichts entschieden, was mit Bali passiert.

Quelle Jakartapost.com 16.07.00

Burhanuddin new BI deputy chief

JAKARTA (JP): Bank Indonesia director of foreign affairs Burhanuddin Abdullah has been appointed by House of Representatives Commission IX for banking as a new deputy governor of the central bank.

Out of the 39 legislators that participated in the selection, which ended close to midnight on Friday, 22 voted for Burhanuddin, 16 for the only other contender, Bank Indonesia director of banking supervision Maulana Ibrahim, and one abstained.

The voting result is expected to be approved by the House at a plenary session on Monday.

Burhanuddin will replace Subarjo Joyusumarto who quit from the central bank early this month to head the Kuala Lumpur-based Southeast Asia Central Bank Governors Conference (SEACEN), a training and research center for Southeast Asian central banks. Subarjo`s term was not supposed to end until 2001.

Under the new Bank Indonesia law on the independency of the central bank, members of the board of governors are selected by the House of Representatives.

Burhanuddin, a U.S.-trained economist, will be responsible for the central bank`s banking policy.

Part of his job will be to decide on whether to recapitalize or liquidate publicly listed Bank Bali.

Burhanuddin declined to comment on Bank Bali, arguing that he had as yet to study the matter.

He also said the Bank Bali problem was not his responsibility alone but was also the responsibility of the other members of the board of governors. The Financial Sector Policy Committee (FSPC), which groups several senior economics ministers, decided on Thursday to transfer Bank Bali from the Indonesian Bank Restructuring Agency (IBRA) back into the hands of Bank Indonesia.

Bank Indonesia must now decide whether to recapitalize or liquidate Bank Bali.

Some analysts, however, said that Bank Indonesia would be reluctant to liquidate the bank because such a move would cost the government about Rp 6.8 trillion in cash, due to its blanket guarantee on depositors` money.

In comparison, recapitalizing the bank would cost the government some Rp 5.2 trillion in bonds, not cash.

Gadjah Mada University economist Sri Adiningsih said another option for Bank Indonesia was to merge Bank Bali with a stronger bank.

Burhanuddin said his immediate program was to improve Bank Indonesia`s information system, and to upgrade the banking supervision system before the supervisory role is transferred to a special independent agency in 2002.

Burhanuddin was hopeful of becoming a deputy governor at the bank earlier this year but he was defeated by Aulia Pohan. Many Bank Indonesia employees went to the legislative building to give support to Burhanuddin.

There have been rumors that Bank Indonesia Governor Sjahril Sabirin was against Burhanuddin becoming a deputy governor.

Sjahril is currently being detained by the Attorney General`s Office over alleged involvement in the high profile Bank Bali scandal, which emerged in the middle of last year. (rei)

--------------------------------------------------------------------------------

[lunatic]

so... hier die email von meinem indonesien kontakt:

----------------
Hi...XXXXXX,

Actually...the government of Indonesia is intended to
recapitalize Bank Bali, but there is an obstacle ,
that is the ex owner of the bank : Rudy Ramli can file
lawsuit against the government at any time, so as long
as there is no aggrement reached between government
and Rudy Ramli, it will be risly for government to
recapitalise the bank, because recapitalization will
use the state`s money, and the money should be
returned by selling the bank`s share, and this can`t
be done if in future..Rudy Ramli claim that he is the
owner of the bank.

At this moment, the future of the bank is in critical
point, government is going to decide on July 20th
whether to go on with the recapitalization - ignoring
the risk of any claim by Rudy Ramli - or to liquidate
it.

So...better wait and see what will happen then.
For your info, trading of Bank bali`s stock has been
suspended here in JSX by last Friday pending the
decision to be taken by government.

Wish you good luck.


XXXXXXXXXXXXXX
Research Analyst
PT Danpac Securities.
------------------

Ok... also ganz kurz in deutsch:

1. regierung will Bank Bali rekapitalisieren
2. dazu muss aber Rudy Ramli auf eigentumsansprüche verzichten
3. am 20. juli wird darüber entschieden
4. handel ist in jakarta seit freitag ausgesetzt, bis zur regierungs entscheidung

-> abwarten und tee trinken...

Ich persönlich glaube noch an ein gutes ende...vielleicht sack ich noch ein paar aktien zu 0.01 ein.

cu... Lunatic

[trustman]

An alle gestressten Bank Bali (BB) Aktienbesitzer!
Ich denke noch ist diese Bank nicht zum Untergang verurteilt.
In Indonesien berät man noch über ihr Schicksal.
Es ist so, dass die Kosten für die Liquidation (6 trillion rupiah = 637 million US$), insbesondere für staatlich garantierte Gelder bei der Bank Bali, höher sind als für die Rekapitalisierung (4,99 trillion rupiah = 530 million US$ ).
Dies ist eigentlich ein entscheidendes Argument für die Weiterführung von Bank Bali.
Bezüglich der Deutschen Börse Clearing ( DBC ) muss ich allerdings alle enttäuschen, die meinen sie würde einen großen Aktienanteil besitzen.
Die DBC ist nicht der Besitzer von den Bank Bali - Aktien sondern verwaltet diese nur als eine zentrale Depotstelle. Wenn jemand Aktien über seine depotführende Bank gekauft hat sind diese vorher über die DBC gelaufen.
Ich bin auch der Meinung, dass in Deutschland der größte Teil der Aktien von Bank Bali in Deutschland im Besitz von privaten Anlegern und nur zu einem sehr geringen Anteil von institutionellen Anlegern ist.
Dies könnte sich sogar als Vorteil erweisen. Wer die Nachrichten in Indonesien verfolgt hat,weis, man rätselt dort schon seit langer Zeit über den in Deutschland befindlichen Aktienanteil von etwas über 50%.
Jetzt hat man sogar vor ein Sonderuntersuchungsteam zu gründen, um herauszufinden wer hinter der DBC steht.
("To investigate those behind DBC, Bappepam will establish a special investigation team," Herwidayatmo said before leaving Bappenas Building.
Tempo-news/2000/7/14/ )
In meinen Augen ist das auch nur logisch, denn für die Rekapitalisierung sind staatliche Gelder erforderlich.
Es ist klar, dass man deshalb vorher wissen möchte wer in Deutschland mehr als die Hälfte der Aktien besitzt und vor allem welche Absichten damit verbunden sind.
Rein theoretisch könnten mit dieser Aktienmehrheit die Bank übernommen werden.
Dies will man sicher von indonesischer Seite ausschließen.
Da es sich bei diesen 50% aber bestimmt größtenteils nur um Privatanleger handelt , besteht diese Gefahr nicht.
Man hat in Indonesien auch schon Überlegungen angestellt der DBC das Stimmrecht zu entziehen.
( In the mean time, Chairman of Capital Market Supervisory Agency (Bappepam), Herwidayatmo, told the press that he would probably abolish the right to vote of DBC (Deutsche Boersche Cliring), the major shareholders of Bank Bali, if Bank Bali carries out its right issue. )
Danach nimmt man wohl in Indonesien an die DBC ist stimmberechtigt, was aber nicht richtig ist, da die DBC die 50% von den Aktien nicht besitzt sondern nur die übergeordnete Depotstelle, welche den Handel in Deutschland zentral regelt, darstellt.
Ich meine es ist höchste Zeit, dass die DBC im Interesse aller BB-Aktionäre in Indonesien dieses Missverständnis bezüglich der Aktienverteilung und des sich daraus ergebenden Stimmrechts aufklärt.
Es ist schließlich entscheidend, ob da in Deutschland mehrheitlich kleine Privatanleger sind oder ein großer Investor, der die Geschäfte der Bank leiten will, was mit großer Wahrscheinlichkeit nicht der Fall ist.
Ich denke spätestens jetzt hätte dieser sich zu Wort gemeldet und versucht in Indonesien einzugreifen, um eine Schließung der Bank zu verhindern.
Eine andere Ungereimtheit scheint mir zu sein, dass der maximale Anteil von Aktien für ausländische Besitzer in Indonesien nach einem Pressebericht in Indonesien wohl auf 20% beschränkt sein soll, aber trotzdem über dieses Limit hinweg weiter munter in Deutschland verkauft wurde. ( "DBC has violated the regulation on tender offer since it continuously bought Bank Bali’s shares that exceeded the 20% limit," he said explaining the reason of the abolishment ( Hier ist scheinbar nur das Stimmrecht gemeint.). Bappepam has difficulties to trace the persons behind DBC. Quelle: tempo.co.id/news/2000/7/14/ )
Ich hoffe, es nimmt alles mit Bank Bali noch ein gutes Ende und diese Ungereimtheiten können zur Zufriedenheit aller aufgeklärt werden.

MfG

trustman

[Spark2]

Hi trustman,
Danke für diesen optmistischen Beitrag. Ich habe genau die gleichen Auffassungen zur DBC - nur leider bin ich nicht so optimistisch, daran zu glauben, daß sich die DBC für uns Kleinaktionäre einsetzen wird. Zudem glaube ich, die spezifische Mentalität der Indonesier ein wenig zu kennen. Es gibt durch alle Schichten der Bevölkerung eine nahezu panische Furcht (sicher nicht unbegründet) vor einem "Ausverkauf" des Landes bzw. vor einem zu starken Einfluß von Ausländern auf die Wirtschaft des Landes. Hinzu kommt, daß die Politik in Indonesien seit "Urzeiten" von Einzelpersonen, mit allen Folgen wie Korruption u. dgl., bestimmt wurde. Demokratische Gepflogenheiten und Internationalisierung sind nahezu unbekannt. In diesem Zusammenhang sehe ich auch die Bank Bali Entscheidung, dabei ist nicht unbedingt wichtig, ob die Bank geschlossen wird oder nicht, es reicht eine Regierungsentscheidung zur entschädigungslosen Enteignung, "Ramli" ist dabei nur ein Scheinargument.

Gruß
Spark

[Dursum]

Hallo,
dass Bali Bank am Ende ist glaube ich auch. Enteignen wird die Regierung sich aber wohl mehrmals überlegen
Die meissten Aktien werden da von Kleinanlegern und Kleinzockern gekauft. Bei einer Enteignung wird
wohl im Zeitalter des Internets kaum noch einer Indo-Aktien kaufen.

Hoffen kostet ja nichts,
Dursum

[freizeitboersianer]

Wie kann man diesen Artikel deuten?


Quelle tempo.co.id

IBRA Has Not Handed Over Bank Bali
17 Jul 2000 18:36:54 WIB

TEMPO Interaktif, Jakarta: Senior Deputy Governor of Bank Indonesia (BI), Anwar Nasution, said that he had not held conversation with Coordinating Minister for the Economy, Finance and Industry, Kwik Kian Gie, about handing over of Bank Bali from Indonesian Bank Restructuring Agency (IBRA) to Bank Indonesia (BI). Anwar said that so far, BI hasn’t received any official letter of the handing over. “Do you think I will force Kwik by asking where the letter is?” he said jokingly to the press at Bappenas Building, Menteng, Jakarta, on Monday afternoon, July 17.
Regarding the return of Bank Bali to BI, Anwar said that BI was in passive stance because the initiative to return Bank Bali should come from IBRA. “We once handed over the bank to IBRA. If IBRA wants to return it back to us, they are supposed to be active in handling this matter, not us,” Anwar remarked. According to Anwar, the bank restructuring is IBRA’s task, not BI’s. If IBRA is not able to restructure Bank Bali, the bank will be returned to BI. “Therefore, IBRA should include a recommendation letter to BI regarding the measures to be taken on Bank Bali,” Anwar asserted. What confused BI, Anwar said, is that there is no official letter regarding handing over of Bank Bali to BI received by BI until now.

Anwar could not give any firm response about the measures that BI will take if Bank Bali is handed over officially. Anwar said that it depends on the recovering rate of the bank. If it is recovered, BI will immediately recapitalize the bank. Otherwise, it should be liquidated.

Though the bank’s CAR (Capital Adequacy Ratio) has reached – 61%, Anwar said that this condition could be recovered in a short time. “The CAR can reach 4% if the bank finds new investors tonight,” Anwar said with a laugh.

[Spark2]

Hier werden wieder einmal die Verantwortungen hin und her geschoben. Ich glaube aus mehreren Gründen:
1. Die IBRA sieht sich auf Grund persönlicher Animositäten mit dem früheren und quasi Nochbesitzer Ramli nicht in der Lage, eine Restrukturierung durchzusetzen.
2. Die IBRA, man sagt ihr Führungsschwäche und Konzeptionslosigkeit nach, hat anscheinend Probleme, die Aktionärsstruktur zu erkennen, was logischerweise zur Verunsicherung führt.
3. Die IBRA will auf diese Weise, anscheinend mit Rückendeckung einer Gerichtsentscheidung zur Bank Bali, eine wie auch immer geartete Entscheidung erzwingen.
Dieser ganze Vorgang zeigt wieder einmal, wie schwer es in diesem Land mit dieser politischen Vergangenheit (Diktatur mit wuchernder Korruption) ist, wirtschaftliche Veränderungen zu erzielen. Man kann aber nach nicht mal einem Jahr Demokratie wirklich nicht zuviel erwarten, die politische und wirtschaftliche Personen- und damit Machtstruktur hat sich, bei allen vorhandenen Anstrengungen, noch nicht wirklich gewandelt.

Gruß,
Spark

[trustman]

Hier noch kurz die neueste Meldung aus Indonesien zu Bank Bali(BB).
Nachdem die BB wohl doch nicht von der IBRA an BI zurückgegeben
wurde, setzt sich die Regierung nun nochmals für BB ein und übernimmt laut Zeitungsbericht die Garantie für die erforderlichen Geldmittel.

Senin, 17 Juli 2000, 20:53 WIB
(Montag, 17 Juli 2000, 20:53 westindonesische Zeit)

Dana Rekapitalisasi Bank Bali Ditanggung Pemerintah
Jakarta, Senin
(Geldmittel für die Rekapitalisierung von Bank Bali garantiert die Regierung)

Pemerintah akhirnya memutuskan untuk merekapitalisasi Bank Bali (BB) karena mantan pemilik bank itu Rudy Ramli menyanggupi untuk memenuhi segala macam persyaratan. Sementara Rudy Ramli menambahkan Bank Bali akan direkap dengan dana ditanggung pemerintah seluruhnya.
Berita akhirnya BB direkapitalisasi diutarakan Menko Ekuin Kwik Kian Gie seusai mengikuti sidang kabinet monitoring ekonomi di Bina Graha, Jakarta, Senin (17/7). Keputusan itu diambil setelah Tim Komite Kebijakan Sektor Keuangan (KKSK) bertemu Rudy Ramli di Bappenas, Senin sore.
Sebelumnya, beberapa waktu lalu, BPPN memutuskan untuk
mengembalikan penanganan masalah Bank Bali kepada Bank Indonesia
setelah perundingan yang dilakukan selama ini beberapa kali menemui jalan buntu.
Rudy Ramli kepada pers usai mengikuti perundingan dengan pihak Bank Indonesia, pemerintah dan DPR di Jakarta, juga menyatakan,
pemerintah menyetujui tuntutannya. Sebelumnya, Rudy menyatakan tidak akan menuntut kembalinya BB ke tangannya dengan tiga syarat: pembekuan Deutsche Bourse Clearing (DBC), adanya pembayaran reimbursement fee dan penggantian biaya penasehat hukum.

Nilai tuntutan pembayaran reimbursement fee yang dihitung selama Rudy menjabat Dirut BB sejak tahun 1998 meliputi gaji dan bonus dengan nilai sekitar Rp 2 milyar, sementara untuk penggantian biaya penasehat hukum sekitar Rp 6 milyar hingga Rp 7 milyar.

Sedangkan Ketua Komisi IX DPR-RI Sukowaluyo yang ikut dalam
perundingan itu mengatakan, karena proses hukum Bank Bali telah
selesai maka DPR akan merestui rekapitalisasi yang dilakukan
pemerintah.(Ant/ima)

MfG
trustman

[drmmobius]

South Asia News
Tue, 18 Jul 2000, 1:27am HKT
Former Bank Bali Owner Drops Suit, Central Bank Says (Update1)
By Rob Delaney, Irawati Wisnumurti and Aloysius Unditu


Jakarta, July 17 (Bloomberg) -- Rudy Ramli, whose family controlled PT Bank Bali before the lender was nationalized last year, said he reached a surprise agreement with the Indonesian government to pump fresh capital into the lender.

The pact includes a pledge by Ramli to drop a legal suit in which he contested the government`s takeover of the bank. In exchange, the government agreed to finance the estimated 5 trillion rupiah ($526 million) cost of recapitalizing the bank through a public rights offering.

``All things are settled,`` Ramli told reporters outside the offices of Kwik Kian Gie, Indonesia`s coordinating minister for the economy, finance and industry.

The dispute between Ramli and the government over the future of Bank Bali had become a symbol of the challenges facing Indonesia as it recovers from the financial crisis of 1997 and 1998, when the rupiah lost more than two thirds of its value against the U.S. dollar and interest rates soared.

Legal wrangling over the nationalization also caused the cost of recapitalizing the bank to rise, exacerbating the damage the lender caused by bad loans. Fresh capital to revive Bank Bali would have cost 4.6 trillion rupiah if the recapitaization had been completed in June.

Agreement between the government and Ramli comes one trading day after the Jakarta Stock Exchange suspended Bank Bali shares after they fell 44 percent Friday to 100 rupiah.

Bank Bali shares plummeted after Anwar Nasution, a senior deputy governor of Bank Indonesia, the central bank, said the central bank didn`t have enough money to save the bank. His comments came after the government handed off responsibility for Bank Bali to the central bank, a move some saw as foreshadowing the bank`s demise.

In exchange for dropping his law suit, Ramli will get 9 billion rupiah from the government to cover legal expenses, the central bank said. The government will also act as a buyer of last resort for the planned rights offer.

``Rudy Ramli has agreed to meet the requirements,`` Kwik said.

Bank Bali catapulted to international fame last year when it became embroiled in a corruption scandal involving the payment of 546 billion rupiah to a company controlled Golkar, the country`s ruling party at the time.

The bank also made headlines when Standard Chartered Plc, a U.K.-based bank, withdrew a plan to acquire control of the bank after protests from Bank Bali`s Indonesian employees and a smear campaign directed at the British bank and its executives in Indonesia.

In the last two years the Indonesian Bank Restructuring Agency has closed 65 banks, nationalized 13, recapitalized seven, and is merging four of the country`s seven state banks.

Restructuring the banking industry is the main focus of the International Monetary Fund`s economic reform program

[freizeitboersianer]

Sieht ganz gut aus vorausgesetzt Rudi Ramli kann die nötigen 20% Cash auftreiben, doch das weiß keiner.

Quelle Indoexchange


Monday, 07/17/2000, 20:47 PM : Bank Bali to be recapitalized

Jakarta (IndoExchange). A meeting of monitoring enhancement of economic recovery, chaired directly by President Abdurrahman Wahid (Gus Dur), has decided to recapitalized Bank Bali.
“It has been decided to recapitalize Bank Bali, since Rudy Ramli has agreed with all conditions requested by the government,” says Coordinating Minister for Economic, Financial, and Industrial Affairs, Kwik Kian Gie, today.

When Kwik announced this decision, the Financial Sector Policy Committee (FSPC) was in a closed meeting at the National Development Planning Agency’s office, with Rudy Ramli, ex-president director of Bank Bali. Also present was Sukowaluyo Mintorahardjo, head of commission IX of the House of Representatives, acting as mediator. Up until 19:05 local time this evening, the meeting was still in progress.

A correct decision

Banking analyst, I Nyoman Moena, formerly a director of Bank Indonesia, sees the government’s option to recapitalized Bank Bali as a right decision.

“This policy is in line with government steps to restructure banking,” Moena told IndoExchange.com.

However, he stressed that Rudy Ramli, along with other Bank Bali owners, has to fulfill those conditions being requested by the government, regarding a participating bank recapitalization program. The program obliges bank owners to pay 20% of total recapitalization funds.

“I don’t know if Rudy Ramli is able or not to fulfill these conditions,” he says. Actually the recapitalization decision was decided at a FSPC meeting on June 6th 2000. The FSPC meeting also approved a recapitalization fund of Rp4.837tr. Twenty percent of this fund is approximately Rp967.40bn.

“If it is decided to recapitalize, Rudy Ramli must be able to pay that amount,” he added.

Moena says that the government must have considered the Rp6.8tr guarantee program provided by the government, if Bank Bali was to be liquidated.

“This decision will speed up bank restructuring in general,” Moena said.

Reported by: Mansyur Alkatiri / Hamid Abidin

[Dursum]

Hallo Bali-geschädigte,
es sieht nicht gut aus, folgender Ausschnitt aus fnet:

Wie ein Damoklesschwert schwebt auch der Bank-Bali-Skandal über dem Markt. Nachdem die
Zentralbank gemeldet hatte, dass kein Geld für die Rekapitalisierung der größten Privatbank vorhanden sei,
verdüsterte sich die Stimmung auf dem Parkett zusehends. Die Zentralbank, die erst am Donnerstag Bank
Bali von der staatlichen Restrukturierungsbehörde für Banken (IBRA) übernommen hat, will "sehr bald"
über das Schicksal des Kreditinstituts entscheiden. Aufgrund leerer Staatskassen sei aber eine Schließung
die wahrscheinlichste Option, so der Chef der Zentralbank.

[trustman]

Es sieht sehr wohl gut aus, denn fnet hinkt der Zeit wohl etwas hinterher.
Heute hat eine Meldung förmlich die andere überholt.
Diese Meldung von fnet ist nicht mehr aktuell und Bank Bali wird rekapitalisiert.
Von der Regierung werden die Kosten übernommen und der Rechtstreit mit Herrn Rudy Ramli wurde zur Zufriedenheit aller beigelegt.

Der Stand der Dinge ist laut Meldung von Bloomberg, deren Wahrheitsgehalt ich nicht anzweifle wie folgt:

South Asia News
Tue, 18 Jul 2000, 1:27am HKT
Former Bank Bali Owner Drops Suit, Central Bank Says (Update1)
By Rob Delaney, Irawati Wisnumurti and Aloysius Unditu


Jakarta, July 17 (Bloomberg) -- Rudy Ramli, whose family controlled PT Bank Bali before the lender was nationalized last year, said he reached a surprise agreement with the Indonesian government to pump fresh capital into the lender.

The pact includes a pledge by Ramli to drop a legal suit in which he contested the government`s takeover of the bank. In exchange, the government agreed to finance the estimated 5 trillion rupiah ($526 million) cost of recapitalizing the bank through a public rights offering.

``All things are settled,`` Ramli told reporters outside the offices of Kwik Kian Gie, Indonesia`s coordinating minister for the economy, finance and industry.

The dispute between Ramli and the government over the future of Bank Bali had become a symbol of the challenges facing Indonesia as it recovers from the financial crisis of 1997 and 1998, when the rupiah lost more than two thirds of its value against the U.S. dollar and interest rates soared.

Legal wrangling over the nationalization also caused the cost of recapitalizing the bank to rise, exacerbating the damage the lender caused by bad loans. Fresh capital to revive Bank Bali would have cost 4.6 trillion rupiah if the recapitaization had been completed in June.

Agreement between the government and Ramli comes one trading day after the Jakarta Stock Exchange suspended Bank Bali shares after they fell 44 percent Friday to 100 rupiah.

Bank Bali shares plummeted after Anwar Nasution, a senior deputy governor of Bank Indonesia, the central bank, said the central bank didn`t have enough money to save the bank. His comments came after the government handed off responsibility for Bank Bali to the central bank, a move some saw as foreshadowing the bank`s demise.

In exchange for dropping his law suit, Ramli will get 9 billion rupiah from the government to cover legal expenses, the central bank said. The government will also act as a buyer of last resort for the planned rights offer.

``Rudy Ramli has agreed to meet the requirements,`` Kwik said.

Bank Bali catapulted to international fame last year when it became embroiled in a corruption scandal involving the payment of 546 billion rupiah to a company controlled Golkar, the country`s ruling party at the time.

The bank also made headlines when Standard Chartered Plc, a U.K.-based bank, withdrew a plan to acquire control of the bank after protests from Bank Bali`s Indonesian employees and a smear campaign directed at the British bank and its executives in Indonesia.

In the last two years the Indonesian Bank Restructuring Agency has closed 65 banks, nationalized 13, recapitalized seven, and is merging four of the country`s seven state banks.

Restructuring the banking industry is the main focus of the International Monetary Fund`s economic reform program.

MfG


trustman

[freizeitboersianer]

Quelle tehejakartapost 18.07.00

Govt agrees to recapitalize Bank Bali

JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA) and Bank Indonesia finally reached an out of court settlement with the former owner of Bank Bali, the Ramli family, paving the way for the government to recapitalize the publicly listed bank.

IBRA senior deputy chairman Arwin Rasyid said late on Monday that the new agreement would be reported to the Financial Sector Policy Committee (FSPC) on Thursday, and the government was expected to meet with the House of Representatives on Friday to seek approval for the recapitalization of Bank Bali.

FSPC groups several senior economic ministers and is headed by the Coordinating Minister for Economy, Finance and Industry Kwik Kian Gie.

"IBRA, Bank Indonesia, and Rudy Ramli have reached an out of court settlement," Arwin told a press conference following hours of negotiation.

Rudy Ramli is the former CEO and owner of Bank Bali.

Arwin said that the government had also agreed to provide Rudy with some Rp 9 billion (US$1 million) in compensation for the "losses" he had suffered after his bank was nationalized by the government last year.

He said that the country`s Capital Market Supervisory Agency (Bapepam) would freeze the voting rights of Deustche Bourse Clearing (DBC) AG at the upcoming rights issue of Bank Bali to be held to facilitate the recapitalization process.

He added that Bapepam would continue its investigation to disclose the investors in DBC, a German-based investment firm.

DBC is believed to have amassed around 50 percent of shares in Bank Bali, but the investors in the investment firm and their intention have not been known.

Rudy had earlier made these demands as a condition for him to drop his legal suit.

Bank Indonesia transferred Bank Bali to IBRA last year after its owner failed to come up with the necessary 20 percent cash requirement to help finance the recapitalization of the bank. IBRA then subsequently nationalized the bank.

But Rudy filed a legal suit, and the Jakarta Administrative Court surprisingly ruled in favor of Rudy. IBRA and BI then made an appeal.

The House had demanded the government first settle its legal dispute with the Ramli family as a precondition for the approval of the bank`s recapitalization program.

But the FSPC made a surprising move last Thursday, ordering IBRA to annul its earlier decision to nationalize Bank Bali and to transfer the bank back into the hands of Bank Indonesia, a move which would likely end in the liquidation of the bank.

FSPC secretary Safruddin Tumenggung denied on Monday that the move was a "threat" to Rudy to immediately reach an out of court settlement.

Safruddin said that from the start, the "spirit" of the FSPC was to recapitalize Bank Bali, but last week`s development was not conducive in allowing the recapitalization program to proceed.

He, however, said that developments on Monday were very positive.

Arwin said that the cost of recapitalizing Bank Bali would increase from the initial estimate of Rp 4.9 trillion to more than Rp 5 trillion.

"The exact figure would still have to be calculated," he said.

The government initially planned to recapitalize Bank Bali at the latest by the end of June at a cost of Rp 4.9 trillion, but the legal dispute had prevented the government from proceeding with the plan.

The government has said that each month of delays would inflate the recapitalization cost by between Rp 40 billion and Rp 70 billion.

Arwin said that the government would be a standby buyer of the rights issue of Bank Bali.

The government would purchase up to 100 percent of the rights issue, if no investors exercise their rights. The government will inject bonds into the bank to finance the program.

Arwin said that Rudy would still be allowed to repurchase the bank when IBRA launched its divestment program in Bank Bali.

Rudy declined to provide much comment, but said that he would try to find a foreign investor for Bank Bali.

Bank Bali has total assets of around Rp 7 trillion and some 6,000 employees. The bank was one of the country`s best performing banks before the financial crisis hit the country in the middle of 1997.(rei)

--------------------------------------------------------------------------------

[Dursum]

Hallo trustman,
falls Bali wieder gehandelt wird, was glaubst Du wie sich der Kurs entwickeln wird?
Wenn es stimmt, dass ca. 50% der Anteile bei Kleinanlegern in Deutschland liegt, werden die in
jede Kurssteigerung verkaufen?

Wir werden sehen,
Dursum

[Dursum]

Hi trustman,
falls Bali Bank wieder gehandelt wird, wie siehst Du dann die Kursentwicklung?
Wenn wirklich ca. 50% der Aktien in Deutschland liegen, kann es nicht sein, dass viele Kleinzocker
in Kurserholungen reinverkaufen und so deutliche Kurssteigerungen verhindern?

Wir werden sehen,
Dursum

[freizeitboersianer]

Quelle thejakartapost
#
Government soon to complete reform targets

JAKARTA (JP): Coordinating Minister for the Economy, Finance and Industry Kwik Kian Gie expressed optimism on Monday all reform targets agreed to with the International Monetary Fund would be achieved before Thursday`s deadline.

"There are several items that we haven`t completed yet under the letter of intent, but we are sure that we can complete them by July 20," Kwik said before attending the weekly meeting of economic ministers.

Kwik said among the tasks that still needed to be completed was the recapitalization of Bank Bali, which the government announced late on Monday it would begin. The announcement came following a meeting with the bank`s former owner, Rudy Ramli.

The bank`s recapitalization has been delayed due to a loan scandal that erupted last year. The scandal centers on the transfer of US$80 million under a questionable cessie agreement.

Other tasks outlined in the latest letter of intent (LoI) with the IMF concern the recapitalization of Bank Negara Indonesia (BNI) and Bank Rakyat Indonesia (BRI).

Kwik said the deadline on Thursday was the government`s internal deadline, and the disbursement of the IMF`s loan would depend on the approval of the fund`s board.

Compliance with the LoI is prerequisite to obtaining the IMF`s loan package, which totals $5 billion, to finance the country`s economic recovery.

The government failed to meet this year`s first LoI deadline in April, causing a delay in the IMF`s disbursement of $400 million. Indonesia obtained the funds after meeting the requirements of a second LoI in May, but another failure to meet the deadline would cause the delay of the third loan tranche, scheduled for August.

Possible delay

Economist Arif Arryman from the consultancy firm ECONIT also expressed optimism the government would meet the targets laid out in the third LoI on deadline. However, he warned that rising political uncertainty could prompt the IMF to delay its third loan disbursement.

Arif was referring to the upcoming General Session of the People`s Consultative Assembly in August, during which President Abdurrahman Wahid is expected to appear before the Assembly to report on the progress he has made in leading the country.

Arif also said the President`s intention to reshuffle his Cabinet after the General Session was a good opportunity to revise Indonesia`s relation with the IMF, which he accused of focusing more on Indonesia`s debt repayment capacity rather than the country`s economic recovery.

According to him, the IMF was bound to the interests of donor countries which needed assurances of Indonesia`s capability to repay its debts. "Economic policies such as those contained in the LoI are inseparable from IMF`s aim to raise our debt repayment capacity," Arif said during a media conference.

To that aim, he said, the fund`s LoI focused on a tight monetary policy that restricted government spending. "This policy hurts economic development .... The IMF is not overly concerned with demands for a quick economic recovery."

Such a lack of attention, he said, was visible in the fund`s economic growth target, which was between 1 percent and 2 percent. "Only after protests from economists did they revise the target to between 2 percent and 4 percent."

He also said the LoI was inadequate to stimulate economic growth and lacked attention to creating job opportunities and developing the agricultural sector, issues that effect Indonesians at large.

He said that because the LoI did not contain any reform programs that touched on these sectors, the IMF should refrain from designing economic policies for industrial sectors.

He also said the IMF had failed to help stabilize Indonesia`s monetary condition, with the rupiah sharply depreciating. Although the depreciation of the rupiah was mainly caused by political uncertainty, he said, the fund should have learned from past experience in South America, where it was shown that political transitions were bound to cause sharp currency fluctuations.

"The IMF should have from the beginning applied a monetary policy that is more resistant to the volatile political conditions," he said.

Arif said the IMF should have considered using a partial currency control for Indonesia. "The IMF therefore must handle the issues that fall under its core competence, which is macroeconomics and monetary policies."

He said policies concerning industrial sectors, such as the banking and telecommunication sectors, should not be included in the LoI. "If we need assistance in reforming our industrial sectors, we must refer to institutions that have competence in these fields, like the World Bank or the Asian Development Bank." (bkm)

[freizeitboersianer]

Quelle indoexchange


Tuesday, 07/18/2000, 04:55 PM : Rudy Ramli: No need to provide 20% recapitalization fund

Jakarta (IndoExchange). “The government does not require Bank Bali to submit Rp967.40bn, 20% of the Rp4.837tr recapitalization fund,” said Rudy Ramli, former president director of Bank Bali, after meeting with the head of the House of Representatives (DPR), Akbar Tandjung.
“There is no requirement included in the reconciliation agreement between Bank Bali, IBRA and BI.”

Rudy also reiterated Bank Bali would be taken over completely by the government. According to what he heard from the meeting between the head of the house’s commission IX, Sukowaluyo Mintorahardjo, and IBRA, recapitalization of Bank Bali should be completed by the end of August. For this purpose, IBRA will ask for approval from the house on Friday.

When asked about future investors, Rudi said they would be involved with Bank Bali after recapitalization is completed.

“I will do my best to see that Bank Bali shares get sold,” he said, while stating his appreciation for being included in Bank Bali’s divesting process.

Currently, Rudy is holding only 5% shares of Bank Bali from a previous 13-14%. The amount was gained after shares were transferred to Sanwa Bank, from where Rudy got the loan. Of the total shares, 50.13% belong to Deutsche Bourse Clearing AG from Germany, 14.20% to PT Sari Jaya Wirasentosa, 8.29% to Sanwa Bank Limited, and 27.38% to the public.

Regarding his meeting with Akbar Tandjung, Rudy said he only reported the reconciliation process between his party and IBRA. He denied his presence at the house is merely in order to seek political support from the house’s members.

“We were only trying to find a way to improve Bank Bali, in order to make it one of the best banks, as it used to be,” he pointed out.

Rudy affirmed that during the reconciliation meeting, the three parties - IBRA, BI and Bank Bali, all agreed to end the dispute in the State Administrative Court.

Meanwhile, Akbar Tandjung confirmed that the house would give their support to Bank Bali’s recapitalization. He agreed that recapitalization is the best policy for both parties.

“The amount of Rp4.837tr will not be paid in cash, but through bond issues”

In order to liquidate the bank, the government would need Rp7-8tr in cash. “Consequently, it might affect the amount of money in circulation,” he added.

Through recapitalization, Rudy Ramli will be able to get involved in the divesting, despite stating he didn’t have enough money.

“He can get involved by co-operating with other investors,” he said.

Akbar believes that Bank Bali still has the potential to become a good bank, as it has sufficient human resources. (SYK)

Reported by: Hamid Abidin

[Spark2]

So wie ich folgende message lese, bedeutet die Rekap durch die Regierung das Halten von 99% der Aktien durch diese, das heißt doch, es ist eine quasi Verstaatlichung - was passiert in diesem Fall mit unseren Anteilen ??
Hier die Meldung von www.bisnis.com:
House speaker approves recap of Bank Bali
JAKARTA (Bisnis): House Speaker Akbar Tandjung has approved the recapitalization of Bank Bali and is of the opinion that the family of Rudy Ramli could again own shares of the bank once the government implements the divestment program.
Akbar said here yesterday that he gave his approval because if the bank were to be liquidated, the cost the government must bear would be larger.

"From a management point of view, Rudy is outside the bank," he noted.

But once the government divests its stake, Rudy could enter Bank Bali again, and ask his partner to come along.

Akbar said the recapitalization of Bank Bali means that 99% of the shares come under the government.

On Monday IBRA, Bank Indonesia and Rudy Ramli agreed to recapitalize Bank Bali.

On Friday, they would seek the approval of the House.

Meanwhile, Rudy said he could take part in the divestment of Bank Bali pending IBRA`s decision to divest its shares.

Rudy said he has held talks with six investors over Bank Bali, including three international banks.

The investors, he said, are waiting for things to cool down here and the finalization of the recap of Bank Bali.

"Maybe I would return to Bank Bali the way the William Soeryadjaja family did with Astra, through an international consortium led by Newbridge," he said.

Rudy said his stake in Bank Bali is at present a mere 5%, down from 12%-13%, as part of it are held by Sanwa Bank as collateral on loans used to pay the debts of the Ramly family.

Separately, Senior Deputy Governor BI Anwar Nasution said as Bank Bali is now being recapitalized, Rudy Ramli would no longer press for other demands.

Goodwill on banks with a strong technology and customer base was behind the government`s decision to recap Bank Bali, he said.

Legal matters postponed the banks recap by one year, he added.

Perbanas chief Gunarni Soeworo welcomed the move made by the government, BI and Rudy Ramli.

This saved Bank Bali, which is a bank with a good network, system and technology, she added.

"If it were closed down, the economic and social costs are incalculable," she said.

Gunarni noted that the national banks recap program is drawing to an end despite banking non-technical problems.

Meanwhile, the revocation on the suspension of trading on Bank Bali shares at the Jakarta bourse is subject to a hearing between the management of the bank and JSX, which is slated to take place at 14.00 today.

JSX senior official Intan Abdams said the suspension, which came into effect on 14 July-as the share price dropped drastically by 44%-would be revoked after the hearing.

He said the management of Bank Bali is required to hold a public expose at the most 10 days after the hearing. (dj/shm/ab/ds/gps)
Gruß,
Spark

[drmmobius]

Wie man sich in solch einer Lage noch solche Unverschämtheiten leisten kann ist mir Schnuppe.



South Asia News
Thu, 20 Jul 2000, 12:19am HKT
Indonesia May Miss Tomorrow`s IMF Deadline, Kwik Says (Update1)
By Rob Delaney


Jakarta, July 19 (Bloomberg) -- Indonesia`s top economics minister said the government may not sign an accord with the International Monetary Fund as hoped tomorrow, meaning a $400 million IMF loan payment could be delayed.

The pact ``may not be signed tomorrow or the day after tomorrow,`` Kwik Kian Gie, Coordinating Minister for the Economy, Finance and Industry, said after a cabinet meeting with President Abdurrahman Wahid. ``Some of the programs that should be implemented by the attorney-general`s office have not been concluded yet.``

Kwik said last week he was ``optimistic`` Indonesia would meet the July 20 target for fulfilling the IMF`s latest demands for economic reforms. A delay could ``create a disaster`` in terms of investor sentiment, he said at the time.

Indonesia needs IMF funds as it tries to put its crippled economy back on track and salvage investor confidence. The rupiah has tumbled about 22 percent this year, making it the world`s worst-performing currency.

Kwik said earlier today he plans to meet with IMF officials later in the day. He declined to say whether the meeting was called to ensure the agreement is signed by tomorrow. The IMF didn`t confirm the meeting.

In exchange for the next payment in a three-year, $5 billion IMF loan, Indonesia must accelerate the sale of distressed assets through the Indonesian Bank Restructuring Agency and establish a committee chaired by the attorney general and senior officials to resolve cases of recalcitrant debtors.

Bank Sales, Tax Cuts

The government also has to lower the value-added tax rate and cut import tariffs on imported capital goods, take further steps to sell banks taken over by the government to private investors and set up a bank supervisory body.

IMF officials have declined to confirm the July 20 deadline, saying the accord would be signed soon.

``There`s reasonable progress, but there are still measures we are waiting to see being implemented,`` John Dodsworth, the fund`s representative in Indonesia, said this week.

The rupiah earlier today staged its biggest gain in nine months, rising as much as 3.4 percent to 8,935 per U.S. dollar, on expectations the IMF agreement would be signed tomorrow.

Failure to sign the accord could drive the currency`s value back down as investors doubt the ability of Wahid`s nine-month-old government to push through economic reforms, analysts said.

[drmmobius]

South Asia News
Thu, 20 Jul 2000, 12:23am HKT
Ramli Won`t Seek Stake in Bank Bali Recap; Seeks Other Role
By Rob Delaney


Jakarta, July 19 (Bloomberg) -- Rudy Ramli, whose family controlled PT Bank Bali before its nationalization, said he won`t participate in a rights offer to rebuild the bank, though he`s looking for a new role with the lender.

Ramli, who this week hammered out an agreement with the Indonesian government to prevent the bank`s collapse, said he won`t be among buyers of 5 trillion rupiah ($548 million) of rights the government aims to sell to recapitalize the bank.

``It`s not easy to come back because I don`t have the money,`` Ramli said in an interview.

Still, he said he hopes to bring in a strategic investor to purchase some of the rights and that he would expect the strategic investor to find ``a role`` for him in management of Bank Bali.

The government agreed late Monday to pump fresh capital into the bank after Ramli said he would drop a lawsuit against the government for last year`s seizure of the bank, one of Indonesia`s strongest prior to the financial crisis of 1997 and 1998. The lawsuit had delayed the government`s plan to recapitalize the bank, increasing the total cost of the financial bailout.

The Indonesian Bank Restructuring Agency took control of Bank Bali in 1999, stripping the Ramli family of its management rights even though it held 30 percent of shares. Ramli has been fighting to regain control ever since.

Bank Bali`s shares were suspended on the Jakarta Stock Exchange Friday, pending details of the recapitalization plan.

[Jomtien]

Heute Bericht über Bank Bali in " Börse Online"

[freizeitboersianer]

Na toll...

....und was steht drin?

[7Raven]

Ja, was steht in dem Artikel.

Gruss 7Raven

[7Raven]

Und nun ?

[7Raven]

Hallo Jomtien

gebe uns doch mal bitte eine inhaltliche Kurzfassung von dem was über Bank Bali in Börse Online steht.

[visioni]

Quelle Börse Online

Die Aktien der indon. Bank Bali sind am Freitag, 14. Juli, nach einem Kurssturz vom Handel ausgesetzt
worden. Zuvor hatte die Notenbank mitgeteilt, sie habe nicht genügend Geld, um das Kreditinstitut zu
rekapitalisieren. Die Regierung, die das Schicksal des Finanzinstitutes nur wenige Tage zuvor in die Hand
der Zentralbanker gelegt hatte, wendete die drohende Liquidierung durch eine neue Maßnahme
ab. Sie kündigte eine Kapitalspritze von rund 526 Mio. Dollar an. Für die Aktionäre ist damit die Gefahr
eines Totalverlustes zurückgegangen, doch der Wert ihrer Anteile wird stark verwässert. Wegen der politischen
Querelen und der Währungskrise ist es unsicher, ob die Politiker in der Lage sein werden, ihren Plan auszuführen.
Die Aktie ist weiterhin zu meiden.

[freizeitboersianer]

quelle jakartapost



Government agrees to pay compensation to Rudy

JAKARTA (JP): The Financial Sector Policy Committee (FSPC) approved on Thursday the Indonesian Bank Restructuring Agency`s (IBRA) plans to recapitalize the publicly listed Bank Bali and to provide some Rp 9 billion (US$1 million) in compensation to the bank`s former owner and CEO Rudy Ramli.

IBRA deputy chairman Jerry Ng said that the recapitalization plan was expected to be approved by the House of Representatives commission IX on financial and development planning affairs on Friday (today).

"The FSPC has agreed to pay Rp 9 billion compensation. We are seeking the House`s approval tomorrow," Jerry said on the sidelines of a meeting with the FSPC.

The FSPC groups several senior economic ministers.

IBRA announced earlier this week it would recapitalize the ailing Bank Bali following an out-of-court settlement with Rudy.

The agency nationalized Bank Bali last year, but Rudy filed a legal suit against the decision. The Jakarta Administrative Court ruled in favor of Rudy. IBRA then appealed the decision.

The ensuing legal battle delayed the recapitalization of Bank Bali, as the House insisted that it would only approve the recapitalization plan if the government managed to settle the dispute first.

After serious threats from the government that Bank Bali might have to be liquidated, IBRA and Rudy finally reached agreement.

As part of the out-of-court settlement, IBRA agreed to pay Rudy Rp 9 billion compensation, a decision which is likely to be strongly criticized by legislators.

Rudy had earlier demanded compensation to pay for his lawyer`s fees and for the loss of his salary as the bank`s president since it was nationalized by the agency.

IBRA has said that the compensation would come from its coffers.

Asked what happen if the House rejected IBRA`s proposal on Bank Bali, Jerry said: "We may have to come up with another option. But we should not speculate." He declined to say what the other option was.

The cost of recapitalizing Bank Bali was estimated to be Rp 4.9 trillion if the program was completed by June; each month of delay would inflate the cost by Rp 40 billion.

The government plans to inject bonds into the bank to finance the recapitalization program.

It has nearly completed the bank recapitalization program, except for Bank Bali, state-owned Bank Rakyat Indonesia (BRI) and Bank Tabungan Negara (BTN).

The government is also scheduled to seek the approval of the House to recapitalize Bank BRI after it has completed the management reshuffle at the bank as demanded by the International Monetary Fund.

The recapitalization cost of Bank BRI is estimated at Rp 29.2 trillion. (rei)

[linuxus]

21.07.00
Fate of BB to be decided today

JAKARTA (Bisnis): PT Bursa Efek Jakarta (JSX) is set today to decide the fate of Bank Bali, whose shares are
suspended from being traded, after a meeting at the House on the bank`s recapitalization, said the bourse`s senior
official, Jose Rizal.

"If the recapitalization goes on, the suspension would be revoked," he said.

On 14 July 2000 at 14:43:28 the bourse suspended trading of Bank Bali shares as its price fell significantly by 44,44%
(Rp80) from Rp180 to Rp100. (shm)

©COPYRIGHT 1998 BISNIS INDONESIA


Quelle:
http://www.bisnis.com/bisnis/owa/frame.fstoryf_othernewsf?co…

[broker*709]

Wenn nicht mal die Bank Bali fallengelassen wird, dann kann sich ein BNII - Besitzer ruhig zurücklehnen !!!

[broker*709]

Sorry, die aktuelle Nachricht noch dazu:

Indonesia parliament approves US$600m Bank Bali recapitalisation
Indonesia`s parliament has approved a US$600 million recapitalisation of troubled PT Bank Bali, which has been at the centre of one of the country`s hottest political scandals.
Parliament made the decision on Saturday, during a marathon session.

Sukowaluyo Mintorahardjo, head of parliament`s finance commission, told the session the bank`s recapitalisation would go ahead partly because liquidating it would have been more expensive.

Bank Bali has some 285 branches and offices across Indonesia, and employs thousands of people.

Its recapitalisation has been Indonesia`s long-standing promise to the International Monetary Fund, which is helping keep the country`s economy afloat.

Bank Bali is also involved in a scandal which erupted last year and revolves around a US$61.10 million loan collection fee the bank paid to a firm with links to the then-ruling Golkar party.

All rights reserved. This material may not be published, broadcast,

rewritten or distributed. All reproduction or redistribution is expressly

forbidden without the prior written agreement of Channel NewsAsia.

All rights reserved. This material may not be published, broadcast,

rewritten or distributed. All reproduction or redistribution is expressly

forbidden without the prior written agreement of Channel NewsAsia.

[freizeitboersianer]

quelle jakartapost


Bank Bali recapitalization approved


JAKARTA (JP): The House of Representatives finally approved on Saturday the government`s proposal to recapitalize publicly listed Bank Bali at a cost of Rp 5.3 trillion (US$592.18 million).

The House also allowed the Indonesian Bank Restructuring Agency (IBRA), a unit under the finance ministry, to pay former Bank Bali owner and CEO Rudy Ramli Rp 9 billion in compensation for losses he has suffered since the bank was nationalized by the agency last year.

The approval was given at a hearing between the Ministry of Finance and House Commission IX on banking and state budget that lasted from 8 p.m. on Friday until nearly 4 a.m. on Saturday. The House also approved the proposal to recapitalize state-owned Bank Rakyat Indonesia (BRI) and Bank Tabungan Negara (BTN) during the session.

Bank Bali will launch a rights issue in October to facilitate the recapitalization program, and the government will be a standby buyer.

While there was not much debate on BRI and BTN`s recapitalization plan, the approval of Bank Bali`s recapitalization was reached only after long hours of debate.

Legislators initially feared that Rudy would still take legal action to demand back his ownership in the bank once the government had completed the recapitalization program, despite a recent out-of-court settlement.

The government nationalized Bank Bali last year after its owner failed to come up with the necessary cash requirement to help finance the recapitalization.

Rudy then filed a suit against the decision, and the Jakarta Administrative Court ruled in favor of Rudy. IBRA then lodged an appeal.

The legal dispute had caused further delays in the bank`s recapitalization program.

But IBRA then reached an out-of-court settlement with Rudy, in which IBRA would pay him Rp 9 billion in compensation. But in return, Rudy would not continue the suit and would no longer demand return of his ownership in the bank.

The House then decided that the government must obtain a court ruling which would include the recent out-of-court settlement with Rudy before it recapitalizes Bank Bali.

Legislators also initially rejected the plan to pay Rudy the Rp 9 billion compensation.

Legislator Zulfan Lindan said that such a policy would create a bad precedence.

But IBRA chairman Cacuk Sudarijanto said that the compensation agreement was part of the overall package, pointing out that Rudy would not drop his suit if the compensation was not paid.

"The Rp 9 billion compensation is a reasonable amount for an out of court settlement," Cacuk told legislators.

Head of commission IX, Sukowalujo Mintoraharjo, said that recapitalizing the bank was less costly than liquidating the bank.

The government had said that it would need to provide nearly Rp 7 trillion in cash if Bank Bali was closed, to pay for the time deposits in the bank guaranteed by the government and for severance payment of the bank`s employees.

In contrast, the government would only have to inject bonds to finance the bank`s recapitalization program.

The government initially estimated the Bank Bali recapitalization program would cost Rp 4.9 trillion if it was implemented in June.

The recapitalization approval of Bank Bali, BRI and BTN would pave the way for the government to complete the country`s crucial bank recapitalization program.

Meanwhile, the Capital Market Supervisory Agency` (Bapepam) chairman, Herwidayatmo, said that Bapepam would freeze the rights of Germany-based investment firm Deutsche Bourse Clearing (DBC) AG from participating in Bank Bali upcoming rights issue.

DBC is believed to have amassed more than 50 percent of Bank Bali`s shares. But until know, the investors behind DBC and their intention with Bank Bali has never been clear.

Herwidayatmo said that Bapepam would continue to investigate who the investors were.

He also said that DBC had violated the capital-market ruling for not making a tender offer when it bought Bank Bali shares over the 20 percent limit.(rei)

[ramjam]

Ist doch Quatsch, daß die IBRA behauptet, nichts über die Aktionärsstruktur der 50% hier in Deutschland liegenden Aktien zu wissen. Wer Ende letzten Jahres BB in seinem Depot hatte dürfte ähnliches wie ich erlebt haben:

Netter Brief flattert von Consors ins Haus mit der Aufforderung eine Einverständniserklärung zu unterzeichnen, daß Consors die IBRA über die von mir gehaltenen Anteile und meinen Namen informieren darf. Bei Verweigerung der Offenlegung drohe die Enteignung der gehaltenen Anteile oder so ähnlich. Ich nehme an, daß dieser netten Aufforderung jeder gefolgt sein dürfte, da ich ebenfalls annehme, daß fast ausschließlich Kleinanleger in dem Wert stecken. Ich habs jedenfalls getan.
Ich hatte allerdings nach der langen Aussetzung vom Handel und den harschen Maßnahmen der IBRA die Nase voll und hab die Dinger mit ansehnlichem Verlust aber immerhin noch für 8 Cent aus dem Depot geschossen. Daß jetzt die deutschen Anleger bei einer Kapitalerhöhung auch noch ausgeschlossen werden sollen, kommt fast einer Enteignung gleich, da die Verwässerung durch die Kapitalerhöhung enorm sein wird.
Indonesische (Bank-)Aktien haben bei mir mindestens für die nächsten 5 (fünf!) Jahre Hausverbot.

ramjam
(drückt trotzdem die Daumen)

[Arhaes]

Ja, Bank Bali muss man haben!!

bei 4 bis 6 cts kann man nicht mehr viel falsch machen!!

Ich brich ab!

MfG