Bank solvency<\/p>\n
From Neraca<\/p>\n
With regard to the closure of Unibank, I am increasingly in
\ndoubt about saving my money in a national bank. Moreover, rumors
\nabound that two more banks will also be closed.<\/p>\n
Will our deposits in national banks be safe? Certainly yes, as
\nthe government provides a blanket guarantee to all third parties'
\nfunds in national banks. This means that we can select any bank,
\nregardless of its reputation or the quality of its management,
\nand need not worry about our deposit.<\/p>\n
The government, however, needs to review this blanket
\nguarantee policy as the funds used to guarantee the deposits of
\nbank customers come from the state budget. This means the public
\nitself would have to shoulder the burden of this guarantee.<\/p>\n
Also, it would be better if the government changed its policy
\non bank secrecy so that it could announce the ranking of all
\nbanks in terms of their solvency via either the finance ministry
\nor Bank Indonesia. In this way customers would be able to select
\ntheir own bank. Of course, a customer would take the risk if he
\nsaved his money in a bank with poor solvency.<\/p>\n
The government's argument that disclosing this solvency
\nranking would put certain banks out of business does not hold
\nwater because even when this ranking has been kept secret, bank
\nclosures have still occurred. In the case of a bank closure, bank
\nowners will have benefited by using their customers' money
\nirresponsibly, while the government and the public at large will
\nhave had to bear the brunt.<\/p>\n
WAZIR MUKTASIM<\/p>\n
Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bank-solvency-1447899208", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }