Indonesian bank writes off US$135 million
(Indonesia) - Publicly listed PT Bank Internasional Indonesia has written off US$135 million in non-performing loans.
The bank, which is now owned by the Indonesian Bank Restructuring Agency (IBRA), said the decision was made to improve the quality of the bank's assets.
Bank management is studying ways of recovering the NPL's either through restructuring, auction, or litigation.
Bank management is studying ways of recovering the NPL's either through restructuring, auction, or litigation.
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