Bank Industri under BRI control<\/p>\n
JAKARTA (JP): State-owned Bank Rakyat Indonesia has been
\nassigned caretaker manager of Bank Industri, a private bank
\ncontrolled by Hashim S. Djoyohadikusumo.<\/p>\n
Bank Industri's president, M. Djumeri, said that the
\nassignment of BRI as caretaker had been approved during the
\nbank's annual shareholders' meeting late last month.<\/p>\n
\"The involvement of BRI in Bank Industri's management has
\ngained support from Bank Indonesia (the central bank),\" he said
\nin a statement on Monday.<\/p>\n
While Djumeri did not say why BRI had been appointed
\ncaretaker, reliable sources say that Bank Industri, which in
\nMarch last year announced a plan to merge with Bank Nusa, is in
\nfinancial difficulties.<\/p>\n
The tie-up with the state-owned bank changed the composition
\nof the management of Bank Industri, with most of the positions in
\nboth executive and supervisory boards taken over by active
\nexecutives of BRI.<\/p>\n
The new executive board includes Djumeri as president, Putu
\nWindu Hanaya as director for credit and Ey Sarwono Sudarto as
\ndirector of the treasury and operations. The supervisory board
\nincludes Hashim as chief commissioner, and Oemarjoedi and Roes
\nHaryanto as commissioners.<\/p>\n
Sources say at least 30 small and medium-sized Indonesian
\nbanks are performing poorly and that the government has
\nrecommended that they merge with larger banks in order to avoid
\nbankruptcy.<\/p>\n
The government recently amended the tax laws to facilitate
\nmergers between banks, abolishing the tax on the transfer of
\nassets for the purpose of a merger. However, as yet the banks
\nhave not responded to the government's proddings.<\/p>\n
Bank Dewa Rutji, also said to be facing financial
\ndifficulties, recently sold part of its shares to Bank Dagang
\nNasional Indonesia (BDNI), a publicly-listed commercial bank.<\/p>\n
BDNI is reported to have injected Rp 75 billion (US$34
\nmillion) into Bank Dewa Rutji to support its operations.(hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bank-industri-under-bri-control-1447893297",
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