Not Just a Hurried Sale

The Asset Management Company wants quick, fresh funds from the sale of Bank Permata.

May 11, 2004

SKAKEN by the fantastic case of Rp1.7 trillion fraud only in October last year, Bank Negara Indonesia Tbk. (BNI) is now already confident of making a leap. The management of the bank, with government control of 99.12 percent shares, is gathering its forces because within a few weeks the merger it has proposed between PT Bank Permata Tbk. and BNI will be decided.

A strong signal in this direction has come from the BNI boss, State Minister for

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