Tue, 25 May 1999

Bank Duta, PT Pos cooperate

JAKARTA (JP): Bank Duta, taken over by the government earlier this year, formed an alliance with state postal company PT Pos Indonesia on Monday to improve their services.

They signed a memorandum of understanding on the use of each other's facilities.

Bank Duta will be entitled to use PT Pos' extensive network throughout the country to service its clients, with PT Pos permitted to utilize Bank Duta's banking services.

They also will be allowed to use each other's facilities for promotional purposes. (rid)