THE banking world in Indonesia refuses to learn from the 1997 financial crisis. This can be seen from the growing number of non-performing loans (NPLs) last year. In March 2005, the NPLs stood at 5.6 percent, but six months later the figure grew to 8.5 percent. Banking in Indonesia was facing the same old problem of nine years ago.

This worrying condition was stated by Bank Indonesia Deputy Governor, Siti Fadjrijah, when she met the House Commissi