Bank Bira gets award

Sat, 11 Jan 1997, 00:00 WIB | Source: JP

JAKARTA (JP): The Hong Kong-based magazine Finance Asia has
granted Indonesia' publicly-listed Bank Bira "best domestic
investment bank" award.

Corporate Financial Advisor of the bank Parveen Gandhi said
yesterday it was the first time for an Indonesian bank to be
granted such award.

"This is a prestigious award for Bank Bira," Gandhi said
adding that Bangkok Bank of Thailand had earlier been awarded a
similar award by the magazine.

Bank Bira, which arranged a loan syndication worth US$1.8
billion in 1996, was also ranked in the second place in the
international financial market for Indonesian debts by the
International Financing Review throughout last year after
Deutsche Morgan Grenfell in the first place.

He added that the Cyprus-based Capital Intelligence rating
agency recently awarded Bank Bira a rating of A-3 and BB+ for
short-term and long-term outlook. (09)

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