BI denies naming bad banks

BI denies naming bad banks

JAKARTA (JP): Bank Indonesia denied on Friday that it had ever
disclosed a list of nine banks that might be facing difficulty in
meeting the year-end minimum 8 percent capital adequacy ratio
(CAR).

"Bank Indonesia has never disclosed documents containing such
information," the central bank said in a statement.

The central bank confirmed, however, that there were nine
banks that might be unable to meet the CAR requirement, a state
of affairs that brings the risk of closure, but it added that the
banks were still being given time to take the necessary measures
to address the problem.

This paper quoted in its Thursday issue the name of the nine
troubled banks, based on information from Dow Jones
newswires.(rei)