Japan to grant licence to Mandiri

Fri, 16 Jul 1999, 00:00 WIB | Source: DPA

TOKYO (DPA): Japan's Financial Reconstrucion Commission
decided Thursday to give a banking licence to PT Mandiri
(Persero) of Indonesia to open a branch office in Tokyo,
commission officials said.

The bank, one of Indonesia's largest with total assets of more
than Rp 200 trillion (about US$30.31 billion), is scheduled to
begin operating in Tokyo on July 31, according to the officials.

PT Mandiri, established in October last year, took over four
state-owned banks in Indonesia earlier this month.

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