Indonesia’s Bank Governance Trend Post-1998 Crisis

Manggi Habir ()
Additional contact information
Manggi Habir: Independent Commissioner PT Bank

Chapter 4 in Doing Business in ASEAN Markets, 2016, pp 45-63 from Springer

Abstract: Abstract Indonesian banks have survived relatively unscathed from the 2008 global financial crisis. There has been no failure of big banks and thus no large government-led bank bail-out. Bank failure has been limited to two medium-sized banks, Bank Century and IFI Bank. IFI Bank was closed in the first quarter of 2009 and Bank Century was taken over by the Deposit Guarantee Agency (LPS) inlate 2008, changed management, altered its name to Bank Mutiara and, finally, was sold to a Japanese investment company, JTrust. There has been some controversy as to the government decision to bail out Bank Century, with the bail out funds ballooning beyond LPS’ capacity, ultimately involving state budgetary funds. But the overall impact of these two bank failures on the sector was negligible, a far cry from the sector’s devastation during the 1997/8 crisis.

Keywords: Bank Governors; Indonesian Banks; Indonesian Bank Restructuring Agency (IBRA); Bank Dagang Negara (BDN); Bank Mandiri (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-41790-5_4

Ordering information: This item can be ordered from
http://www.springer.com/9783319417905

DOI: 10.1007/978-3-319-41790-5_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().