Bad loans

Bad loans

From Suara Karya

The government has taken effective measures to deal with bad loans involving both state-owned banks and private banks. The cases have been taken to court and the debtors are blacklisted and banned from leaving the country.

As a citizen of this country I would like to give some suggestions for consideration.

* The Central Bank might have to update the blacklist listing the names of companies, management boards, share holders, so that banks could make good use of the list.

* Those parties or individuals recorded on the blacklist should not be given further bank facilities.

* Many banks do not bother to refer to the blacklist made by the Central Bank and extend credit to blacklisted customers. This is surely a great advantage to the customers concerned.

* By imposing sanctions on negligent banks, the customers will have little chance to obtain credit and they will be forced to pay their debts.

NORMAN T HUTAPEA

Palembang, South Sumatra