Half-hearted bank liquidation?<\/p>\n
Owners and employees of dozens of ailing banks are worried
\nwhether their name will appear on the list of liquidated or
\nrecapitalized banks. These concerns are also affecting the banks'
\nclients.<\/p>\n
Despite an absence of mass panic, many bank clients remain
\nanxious about the security of their bank deposits. Disregarding
\nclaims made by certain banks' of unfair pressure caused by
\nclients wishing to withdraw their savings, in general, the
\ngovernment's liquidation plan for ailing banks is running
\nsmoothly.<\/p>\n
Four state banks have been appointed to serve the clients of
\nthe banks which will eventually be named insolvent. The state
\nbanks are BNI, BRI, BCA and Danamon.<\/p>\n
Coordinating Minister for Economy, Finance and Industry
\nGinandjar Kartasasmita and executives of Bank Indonesia (the
\ncentral bank), have suggested that the number of banks affected
\nwill be close to 40. However, some sources speculate that it
\ncould be half that number.<\/p>\n
The discrepancy in numbers can be accounted for in two ways.
\nEither the owners have injected fresh funds into their
\ninstitutions so that their banks can follow the recapitalization
\nprogram or owners have 'special' relations with top government
\nofficials allowing their banks to dodge the liquidation threat.<\/p>\n
We hope the first motive explains the possible decreasing
\nnumber of unhealthy banks to be liquidated. If the rationale is
\ncaused by the second possibility, we will have reason for
\nexasperation, because the hard work of the central bank and
\nFinance Ministry -- bowing to pressure exerted by certain parties
\n-- will have been futile.<\/p>\n
-- Bisnis Indonesia, Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/half-hearted-bank-liquidation-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }