BI tells Danamon to inject more funds

Thu, 17 Jun 2004, 00:00 WIB | Source: JP

JAKARTA: Bank Indonesia (BI) demanded Bank Danamon
shareholders to inject more funds into the bank to avoid
violating the legal lending limit ruling after the bank acquired
75 percent shares of PT Adira Dinamika Multifinance.

Bank supervision II director at BI Aris Anwari said the
central bank was concerned the acquisition would hurt Danamon if
Adira's performance was not as expected. The bank had worked with
the Capital Market Supervisory Agency (Bapepam) to check the
Adira's soundness. -- JP

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