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Jakarta Post
The Jakarta Post
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Commentary: Bank Indonesia bows to political pressure on DBS-Danamon deal

  • Vincent Lingga

    The Jakarta Post

| Mon, December 3 2012 | 10:08 am

PREMIUM Bank Indonesia (BI), the nation’s central bank and ostensibly an independent institution, effectively said on Friday that it had succumbed to political pressure when evaluating the application filed in April by DBS Bank in Singapore to acquire almost a 67.5 percent stake in Bank Danamon, Indonesia’s sixth-largest bank.

 BI Governor Darmin Nasution told reporters that the purchase,...