Shaken by Selalang

Old, bad debtors are eroding Bank Mutiara's capital adequacy ratio. A company belonging to Mukhamad Misbakun is also in arrears.

December 24, 2013

The letter with the Governor of Bank Indonesia's (BI) letterhead, sent on November 28, caused quite a furor at the Indonesia Deposit Insurance Corporation (LPS). Signed by Agus Martowardodjo, the Governor of Bank Indonesia, the confidential letter with the number 15/41/DPBI-7 related a critical matter. The LPS was asked to inject new capital into Bank Mutiara.

Agus said in his letter that the bank formerly known as Bank Century is in dire need of add

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