Bank Landscaping
The Bank Merger Plot
Tuesday, January 30, 2001
There is much talk among former bank owners of a plot to merge recapitalized banks. The Lippo Group, for example, has long had ambitions to set up Power Bank, a merger of several failed banks.
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ANY plans the government has to merge banks during this Year of the Snake are still very much on the drawing board. However, rumors of a plot have already started. Last week, for example, Soebowo Musa, the head of the Restructuring Division of the Indonesian Bank Restructuring Agency (IBRA), made a statement that shook many people. Without any prior warning, he suddenly announced that there was a risk that both Bank Universal and Bank Internasion
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