LPS Executive Director, Firdaus Djaelani:
If the economy was normal, Bank Century would have been closed down

BANK Century is not a big bank. Its assets are the result of a merger between PT Bank CIC International, Bank Danpac and Bank Pikko, in the amount of about Rp10 trillion. However, when Bank Century collapsed in November 2008, Bank Indonesia insisted that the bank must be rescued. The reason given was that the collapse of Bank Century would lead to a systemic effect on the banking industry as a whole. At the minimum, the liquidation of Bank Centur

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