A victim of bank liquidation

A victim of bank liquidation

From Pikiran Rakyat

Depositors with deposits amounting to a maximum of Rp 20
million have in general got their money back.

Things are not that simple, however. There are many other
customers who still have dealings with the liquidated banks, such
as those with house ownership loans or those with deposits
amounting to over Rp 20 million.

I am one of these people.

The balance in my account is Rp 26 million and I have also
taken a PRK loan amounting to Rp 30 million.

Mathematically, the problem is quite simple. I pay the
difference between my loan and my deposit (= Rp 4 million) and I
can get back my house ownership certificate, which was given to
the bank as a collateral for my loan.

Unfortunately, things are not that simple!

* I must first settle my loan of Rp 30 million and only then
can I get back a maximum of Rp 20 million out of my Rp 26 million
deposit. As for the remaining Rp 6 million, I have to wait for an
announcement some time in future. God knows when.

* What is more surprising to me is that the document I have
given as a collateral for my loan cannot be returned to me. And
one thing I really cannot understand is that the loan will
continue to incur interest.

* In the meantime, my deposit in the bank is considered idle and
so does not bear interest.

* What will happen if this matter continues unsettled for months
or even years, like the case of the liquidated Summa Bank?

* Supposing that the interest rate is three percent per month, I
will have spent all my deposit in the bank in the next three
years just to pay the interest on the loan.

My questions are:

* Can a liquidated bank be justified in continuing taking
interest from its former customers?

* I hope to get clear directives or stipulations/regulations
from Bank Indonesia regarding this matter.

With respect to this matter, which I consider unfair, who else
can I contact to alleviate my grievances?

It is my hope that the relevant parties, such as the
Indonesian Bar Association (Ikadin), the police or Mr. Atang of
Pikiran Rakyat, may come up with an explanation about this
matter.

* Is it fair that I must pay interest on the loan, while my
deposit, almost equal in amount and considered stagnant/inactive,
cannot bear interest?

* I hope that Pak Mar'ie and Pak Sudrajat Djiwandono will
issue stipulations and/or regulations, which will be impartial.
These stipulations/regulations must not be like those arbitrarily
and unfairly issued by certain officials of the liquidated banks.

* We are sure, Pak Mar'ie, that you will always be considerate
to the fate of commoners and will continue to be like what you
always have been (for example refusing to bailout maturing
offshore loans).

I earnestly hope to get a proper explanation from relevant
authorities.

SUGIARTO SUTANTO

Customer of Bank Industri

Kopo Permai Branch

A/C No. 023 0 00180 0

Bandung, West Java