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After BII and Unibank, What's Next?

Tuesday, October 30, 2001

The government and Bank Indonesia still have their hands full dealing with ailing banks, and there appears to be no end to the burdens that will eventually have to borne by society.

arsip tempo : 173514823084.

. tempo : 173514823084.
A small rush took place on Unibank in Medan at the end of last week, although this was denied by the bank's management. It is thought that this publicly listed bank is on the verge of collapse as the result of non-performing loans amounting to Rp2.6 billion that it extended to the Raja Garuda Mas Group, owned by Sukanto Tanoto. Apparently, the owners of Unibank have not made any effort to inject new funds into the bank, probably due to the fact th...

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