SMS debtors get discounts from IBRA<\/p>\n
JAKARTA (JP): The Indonesian Bank Restructuring Agency (IBRA)
\nwill provide a 100 percent interest discount and 100 percent
\npenalty discount to small- and medium-scale debtors of productive
\ncredit facilities worth up to Rp 5 billion (about US$560,000).<\/p>\n
The agency said in a statement on Thursday that the facility
\nwould be granted only to the debtors who agreed to settle their
\ntotal outstanding debts.<\/p>\n
"The facility is not applicable to mortgage loans, car loans
\nand credit cards," the agency said, adding that the facility,
\nwhich is provided for under its special crash program to speed up
\ndebt settlement, will be available in the period from July 24 to
\nAugust 18, next month.<\/p>\n
The special crash program will be conducted simultaneously at
\nIBRA headquarters in Jakarta and its 10 representative offices in
\nBandung, Semarang, Surabaya, Denpasar, Medan, Lampung, Pontianak,
\nBalikpapan, Manado and Makassar.<\/p>\n
The agency said that eligible recipients of the program were
\ndebtors of 38 closed down banks, 12 nationalized banks and seven
\nbanks under government's recapitalization program.<\/p>\n
The facility is part of a series of the agency's crash
\nprograms launched earlier this year.<\/p>\n
IBRA said that it had collected cash amounting to Rp 650
\nbillion from the previous crash program, from 7,985 debtors. The
\nagency said that there were about 7,000 debtors currently under
\nthe settlement process. (hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/sms-debtors-get-discounts-from-ibra-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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