The Sad Story of Two Banks - Economy - magz.tempo.co

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The Sad Story of Two Banks

Tuesday, April 20, 2004

BI has closed down Bank Dagang Bali and Bank Asiatic due to malpractice. The owners of the two banks are on the run.

. tempo : 173163320172.

WHEN a tiger dies, he leaves behind his skin, but when a bank is closed down who knows what is left behind? This is the question that many people have been asking ever since Bank Dagang Bali and Bank Asiatic were closed two weeks ago. Despite being small-scale operations—the assets of Bank Dagang Bali totaled Rp1.85 trillion, and those of Bank Asiatic Rp1.72 trillion—both banks certainly seem to have mountains of problems.

The rea

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