Recapitalization Chapter 3?
When BII's capital adequacy ratio plummeted to minus 47 percent, IBRA didn't cut its losses. Instead, it came up with a plan to recapitalize it for the third time. Have all the risks been taken into considerationagain?
May 14, 2002
Talking about Bank Internasional Indonesia Tbk. (BII) is identical to talking about a bank guarantee program. If only the guarantee program could be granted once for each bank, the Indonesian Bank Restructuring Agency (IBRA) wouldn't have to take so much time, trouble and money when, in November 2001, BII's capital adequacy ratio (CAR) was in the negative and its non-performing loans reached 22.34 percent of the total. After careful study, it
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