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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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State banks welcome equal treatment with private competitors

  • The Jakarta Post

Jakarta | Mon, October 1 2012 | 08:35 am

PREMIUM Executives of state-owned banks have welcomed the recent Constitutional Court ruling that officially lifted a legally binding clause that forbade them to give credit haircut, a financial mechanism previously only enjoyed by privately-owned banks.

The ruling declares that state-owned banks will now be able to restructure or sell their non-performing loans, which means troubled consumers woul...