Perbanas' new face<\/p>\n
The performance of the Indonesian Association of Commercial
\nBanks (Perbanas) drastically dropped following the onset of the
\neconomic crisis in mid 1997. The crisis forced the government to
\nbail out banks grouped within Perbanas.<\/p>\n
Perbanas, however, has begun to change. The association made
\nthree main decisions during its 15th congress last week.<\/p>\n
First, Perbanas will not only include private commercial banks
\nbut also other commercial banks as well. That is why the
\norganization has changed its name from the Indonesian Association
\nof Private Commercial Banks to the Indonesian Association of
\nCommercial Banks.<\/p>\n
The move was made following the acquisition of a number of
\nmajor Indonesian banks, such as Bank Danamon, Bank Central Asia
\n(BCA) and Bank Niaga, by foreign parties.<\/p>\n
Second, Perbanas is committed to improving the function of
\nbanking intermediation in a bid to speed up Indonesia's economic
\nrecovery.<\/p>\n
Third, Perbanas is also committed to implementing the
\nprinciple of good corporate governance and to preventing money
\nlaundering.<\/p>\n
Perbanas should thus team up with other concerned agencies to
\ncarry out the three decisions.<\/p>\n
Last but not least, Perbanas should revive public confidence
\nin the country's banking industry.<\/p>\n
-- Bisnis Indonesia, Jakarta<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/perbanas-new-face-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }