Frozen in a Drawer at the Central Bank

AFTER Bank CIC Internasional was placed on the special supervisory list and served with a cease and desist order, Bank Indonesia (BI) set up an on-site supervisory presence (OSP) team. Formed in April 2002, this team was tasked with monitoring improvements in the performance of Bank CIC, including all activities that could decline the quality of assets which had the potential of gradually demolishing the bank's capital.

The target was that after th

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