BNI assists two banks

BNI assists two banks

JAKARTA (JP): Bank Indonesia, the central bank, announced
yesterday that it had appointed state-owned Bank Negara Indonesia
(BNI) to extend technical and management assistance to privately-
owned PT Bank Yama and PT Bank Pacific.

"Based on the results of Bank Indonesia's assessment, Bank
Yama and Bank Pacific need technical and management assistance
from another bank in order to improve their management and
operation," the central banks said in a statement, which was made
available yesterday.

After the entrance of BNI, the two banks are expected to
operate more professionally and have a better competitive edge so
that the people's trust in the two banks can be restored, the
statement said.

Bank Indonesia yesterday also announced that another "trouble-
hit" bank, PT Bank Yakin Makmur, overhauled its board of
directors at its extraordinary shareholder meeting yesterday.
(rid)