{
    "success": true,
    "data": {
        "id": 1257431,
        "msgid": "bi-transfers-four-banks-to-ibra-1447893297",
        "date": "2002-05-18 00:00:00",
        "title": "BI transfers four banks to IBRA",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "BI transfers four banks to IBRA JAKARTA: Bank Indonesia announced Friday it had transferred the supervision of Bank Prima Express, Bank Patriot, Bank Universal and Bank Artha Media to the Indonesian Bank Restructuring Agency (IBRA). The transfer will pave the way for the merger of the four ailing banks with Bank Bali. The central bank has previously said that the legal merger of the five banks could be completed within three months of the transfer.",
        "content": "<p>BI transfers four banks to IBRA<\/p>\n<p>JAKARTA: Bank Indonesia announced Friday it had transferred the<br>\nsupervision of Bank Prima Express, Bank Patriot, Bank Universal<br>\nand Bank Artha Media to the Indonesian Bank Restructuring Agency<br>\n(IBRA).<\/p>\n<p>The transfer will pave the way for the merger of the four<br>\nailing banks with Bank Bali.<\/p>\n<p>The central bank has previously said that the legal merger of<br>\nthe five banks could be completed within three months of the<br>\ntransfer.<\/p>\n<p>The five banks are among the 11 private banks under the<br>\ncontrol of IBRA, who is in charge of rehabilitating the banks<br>\nback into good financial shape before returning them to the<br>\nprivate sector.<\/p>\n<p>Merging local banks is seen as part of efforts to restructure<br>\nthe country's troubled banking industry.<\/p>\n<p>At the peak of the 1997 financial crisis, IBRA assumed control<br>\nof the banks after most of their loans turned sour. --JP<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bi-transfers-four-banks-to-ibra-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}