Tamara, China Trust, tie up

Tamara, China Trust, tie up

JAKARTA (JP): Publicly-listed Tamara Bank has set up a joint
venture bank with Taiwan's China Trust with a paid up capital of
Rp 150 billion (US$62.5 million).

Tamara's vice president, Hendrik Suhardiman, said Saturday the
new bank, called Bank China Trust Tamara, would be launched in
June.

He said the new bank, which had got approval from the Ministry
of Finance and the Central bank, was expected to serve corporate
customers.

"We also want the new bank as an advisor for Taiwanese
businesspeople intending to invest in Indonesia," he said.

China Trust will be the first Taiwanese bank to enter
Indonesia.

Tamara Bank is listed on the Jakarta Stock Exchange. (icn)