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Chaos at BCA

Tuesday, June 24, 2003

The conflict at the top of BCA has now touched on a more fundamental problem, but more importantly, Bank Indonesia is now ready to carry out its supervisory role.

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Among all the banks that have gone public, none compare to Bank Central Asia (BCA). With assets of Rp118 trillion, BCA is head and shoulders above the others. It has the most customers and its branches are all over Indonesia. It is difficult to find anything wrong, which makes it all the more hard to accept that all is not well behind the shining facade.

However, a general meeting of BCA shareholders last Wednesday clearly indicated there w

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