The Jakarta Post
The Financial Services Authority (OJK) met with representatives from the 16 biggest lenders nationwide in Jakarta on Friday to discuss the financial players' readiness to face challenges in the domestic economy amid the continuous depreciation of the rupiah.
'We want banks to be prepared for the challenges,' OJK chairman Muliaman D. Hadad said as quoted by kontan.co.id.
Among banks represented at the meeting were state lenders Bank Mandiri, Bank Negara Indonesia (BNI), Bank Tabungan Negara (BTN) and Bank DKI Jakarta (Bank DKI), as well as the privately run Bank Central Asia (BCA), Bank CIMB Niaga, Bank Permata, and Bank Danamon.
BNI president director Gatot M. Suwondo added that one of the issues discussed on Friday was the supply of both the domestic currency and the US dollar in the market.
Gatot admitted that BNI had sufficient supplies of both currencies.
Bank Permata president director Roy A. Arfandy, moreover, said that his institution would carefully distribute its dollar denominated loans to customers. (nfo)(++++)
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