Bank won't release savings

Bank won't release savings

MATARAM, West Nusa Tenggara: Graduates from four local
elementary schools cannot pay their junior high school entrance
fees because they are unable to withdraw their savings from
Tanjung Abdi Swadaya Bank.

Antara reported yesterday that the bank was unable to pay out
the students' combined savings of Rp 25 million. The students are
from the Tanjung district in West Lombok regency.

Head of the provincial office of education and culture H.
Soewignjo said he regretted the situation, and promised he would
help out by instructing the junior high schools to accept the
students and ask for the fees later.

"This should be a lesson for students and their parents that
it's better to save money with state-owned banks or private banks
with healthy managements," Soewignjo said.

No explanation was available as to why the bank could not
release their savings. (swe)