An Alarming Amount of Loans
Bank Mandiri is considered to have thrown caution to the winds in terms of the amount of loans it has made to large companies. But the bank's board of directors feels what it has done, has been in line with existing procedures.
May 7, 2002
PERHAPS Bank Mandiri is like the banyan tree, so large and shady that many people can take shelter beneath it. However, when a strong wind blows, leaves fly everywhere. Recently, there has been much debate over the banks' loan expansion.
In a relatively short time, Bank Mandiri—the resultant bank from a merger of four ailing government banks—is known to have already provided loans of trillions of rupiah to several large companies. O
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