Impact of bank liquidations<\/p>\n
From Pikiran Rakyat<\/p>\n
As we all have learnt, on Nov. 1 the government revoked the
\nbusiness licenses of 16 troubled commercial banks. The government
\nalso announced that the customers of these banks could withdraw
\nup to Rp 20 million of their deposits through BNI, BRI and BDN --
\ntemporarily funded by the government -- starting on Nov. 13.<\/p>\n
In this context, allow me to pose the following questions:<\/p>\n
What will happen to the customer transactions from Oct. 31
\nbecause as from Nov. 1, these liquidated banks could no longer
\nclear any unfinished transactions?<\/p>\n
Likewise, what will happen to the checks customers have
\ndeposited because they usually take three to seven days to clear?<\/p>\n
What will be the procedure for customers who have obtained
\nloans from these banks, such as home-ownership loans? Will it be
\nenough for these customers to fully pay back their loans directly
\nto the bank and then take back their collateral such as house
\ncertificates, motorized vehicle ownership books and\/or other
\nvaluable papers?<\/p>\n
What will happen to customers with deposits in excess of Rp 20
\nmillion? How will the government settle their accounts because it
\nhas been reported that one of the customers has a balance as high
\nas Rp 3 billion?<\/p>\n
Most importantly, ways must be found to find new jobs for the
\nemployees of the liquidated banks. These employees are well-
\neducated professionals. Will they be forced to join the already
\nswelling ranks of unemployed people -- on top of the thousands of
\nIndonesian migrant workers who have returned from Saudi Arabia?<\/p>\n
It is my hope that the relevant authorities will
\nsatisfactorily answer these questions.<\/p>\n
SUGIARTO SUTANTO<\/p>\n
Bandung, West Java<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/impact-of-bank-liquidations-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }