PDFCI needs Rp 3.2t to live<\/p>\n
JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA)
\nsaid yesterday it would need Rp 3.2 trillion (US$228.5 million)
\nin fresh funding to recapitalize the debt-ridden Bank PDFCI to
\nmeet the minimum capital requirement of 4 percent by the end of
\nthis year.<\/p>\n
IBRA said in a statement that the latest audit of Bank PDFCI
\nfound that the banks's total assets were only Rp 1.8 trillion as
\nof April 4, compared to Rp 4.4 trillion as reported by the bank's
\nmanagement.<\/p>\n
PDFCI is among the six banks put under the supervision of IBRA
\nin April after it received total liquidity support of Rp 2.5
\ntrillion from the central bank, Bank Indonesia, as of April 4.<\/p>\n
An executive of IBRA Ilham Ikhsan said that although the fate
\nof the bank would be decided in a general shareholders meeting in
\nJuly, the alternatives for PDFCI were recapitalization, merger or
\nacquisition.<\/p>\n
\"Although the options available to PDFCI include resolution
\nthrough closure, this is considered to be the worst-case
\nscenario,\" Ilham told journalists after an extraordinary
\nshareholders meeting here yesterday. (aly)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/pdfci-needs-rp-32t-to-live-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}