Apa Kabar

For the first time ever the Supreme Court reactivates a bank that had previously been frozen by BI. Shareholders are convinced there are new investors.

THE three-story building on Jl. Gajah Mada in Denpasar was locked. There were guards, let alone smartly dressed officials like bank employees coming in and out. Nowadays the central office of Bank Dagang Bali (BDB) is like a building without a master. Three years ago Bank Indonesia (BI) withdrew the operating license of the bank that was the pride of the Balinese people. “If BI permits it, Bank Dagang Bali could begin operating again,” said the bank’s majority shareholder I Gusti Made Oka on Wednesday last week. (more…)