Bank Tamara needs $87m<\/p>\n
JAKARTA (JP): Publicly-listed Bank Tamara needs some Rp 700
\nbillion (US$87 million) to meet the government-mandated 4 percent
\ncapital adequacy ratio (CAR) level, an official of the bank said
\non Tuesday.<\/p>\n
The official, who requested anonymity, said the China
\nDevelopment Corporation of Taiwan, which holds 10 percent of
\nequity, has already pledged to contribute the remaining 20
\npercent of the additional funds by the March deadline.<\/p>\n
The government has promised to finance the first 80 percent of
\nthe recapitalization program for banks that fall into category B,
\nthat is banks with CAR levels ranging from minus 25 to 4 percent.<\/p>\n
The official declined to state where Bank Tamara's CAR level
\ncurrently stands.<\/p>\n
Its total assets stood at Rp 4.8 trillion as of the end of
\nSeptember.<\/p>\n
Separately, Bank Tamara President Setijono Pudjowarsito
\nannounced that his bank is officially placed in category B, and
\nis thus eligible to join the government recapitalization program.<\/p>\n
Setijono also pointed out that Bank Tamara is one of 21
\n'sound' banks appointed by the government to implement its trade
\nfinancing program for exporters and importers.<\/p>\n
The statement follows a claim by Pilar magazine that Bank
\nTamara falls into Category C for banks with CAR levels below
\nminus 25 percent. (02)<\/p>",
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