BNI to pay Global account holders

BNI to pay Global account holders

JAKARTA: The Ministry of Finance has officially assigned Bank
BNI to pay out depositors of the recently shut down Bank Global.

BNI and along with finance ministry's blanket guarantee
implementation unit (UP3) is expected to begin the payments next
Monday, upon verification of depositors' identities and proof of
accounts at Bank Global.

"We have appointed BNI to pay out the claims for Bank Global
depositors, which will hopefully start by next week," the finance
ministry's Director General for Financial Institutions, Darmin
Nasution, said on Friday.

BNI also paid out depositors of the corruption-ridden Bank
Asiatic and Bank Dagang Bali last year.

Bank Indonesia officially closed down Bank Global on Jan. 13,
after suspending its operations for a month, on the grounds of
failing capital and obvious evidence of bank fraud.

The central bank said that Bank Global's third-party
liabilities amount to Rp 759 billion (US$84.3 million). -- JP