Preparing for the Credit Party

Banks are busy offering domestic loans in US dollars in order to strengthen their capitalization levels. It is hoped that the disbursement of bank credits, which were weak during the first half of this year, can rise up again.

June 2, 2009

THE happy atmosphere was very apparent during the general meeting of the shareholders of Bank Negara Indonesia (BNI) at the Shangri-La Hotel, Jakarta, on Thursday last week. The face of BNI's Managing Director Gatot Suwondo still looked fresh even though he had had to remain sitting for more than two hours. The deputy director was often to be seen smiling as were other members of the board of directors.

BNI's management was happy because the bank's s

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