Jakarta Post

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Jakarta Post
The Jakarta Post
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Editorial: Revisiting bank inefficiency

  • The Jakarta Post

| Tue, December 11 2012 | 10:55 am

PREMIUM The executives of Indonesia’s largest banks, state-owned Bank Mandiri and Bank BNI, collectively asserted earlier this month they were ready to compete in Singapore — a place where almost all the world’s giant banks are strongly entrenched — provided they were given more leeway to expand services on the island state.

No wonder both banks seemed to be the most aggressive in lobbying ...