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)