CIC placed in Category A

CIC placed in Category A

JAKARTA (JP): Publicly-listed Bank Century Intervest
Corporation (CIC) falls into Category "A" under the government's
banking restructuring program, the bank has said.

"Category "A" status gives us the ability to make the most of
the current situation," CIC president Robert Tantular has said in
a statement.

This categorization follows the recent audit conducted by
foreign auditors in relation to the government's program of
restructuring the ailing domestic banking sector.

Banks with a ratio of equity to risk-weighted assets falling
above four percent are placed in Category "A", being considered
sound.

While banks with a ratio of between four percent and minus 25
percent are to join the government recapitalization program. And
those banks with a ratio below minus 25 percent face a risk of
being liquidated.

CIC also plans to increase its capital base to 10 percent
through a rights issue, to make the bank stronger and able to
take any opportunities during the ongoing banking sector
restructuring program. (02)