One Company, Two Good Friends

Loans amounting to trillions of rupiah at Bank Mandiri could end up becoming non-performing.

October 28, 2003

HUNDREDS of demonstrators were shouting in front of the head office of Bank Mandiri, Jakarta, on Tuesday two weeks ago. The strong rays of sunlight did nothing to dampen their spirits. Carrying many different types of posters and banners, they were questioning the mountain of non-performing loans (NPLs) at the bank with assets of Rp250 trillion. The state-owned bank that recently went public is accused of being frivolous in terms of making lo

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