Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Agus Yozami, Robert Sidauruk
Acquisition plan of PT Bank Danamon by the Development Bank of Singapore (DBS) Group Holding Ltd, is now at technical preparation phase between the two countries’ banking authority.
Halim Alamsyah, Deputy Governor of Bank Indonesia (BI), said that his institution and the Monetary Authority of Singapore (MAS) are reviewing several provisions in the banking sector to accommodate the acquisition plan.
As response to the acquisition plan, Arif Budimanta, member of Commission XI at the House of Representative (House), asserted that the plan indicates that there is threat to the national banking industry.
“The Government and Bank Indonesia should not take decisions that benefits foreign parties’ interest,” he added.
Even if there is an award from the Singaporean Government to Indonesian leaders, it should not in any way influence decisions to approve Bank Danamon’s proposed acquisition plan.
“We appreciate Singapore’s acknowledgement. However, it must not affect Government’s policy on the national banking industry,” he said.
In the acquisition proposal, Arif asserted that Bank Indonesia must have favorable bargaining position so that Indonesia may implement the reciprocal principle to the plan.
“If Bank Indonesia agrees with the acquisition plan, in return Singapore must simplify the procedure for Indonesian banks in establishing representative office and engage in financial service activities in Singapore,” he added.
Arif argued that currently Bank Indonesia has low bargaining power when dealing with foreign banking industry. This can be seen by the fact that Director Position in PT Bank Danamon is seated by foreigner.
“We must not forget that during financial crisis in 1997, Government allocated IDR 32 billion for Bank Danamon’s recapitalization. Therefore, Bank Indonesia must demand an Indonesian national to fill the Director position,” he concluded.
(hot/ds)
Agus Yozami, Robert Sidauruk
Acquisition plan of PT Bank Danamon by the Development Bank of Singapore (DBS) Group Holding Ltd, is now at technical preparation phase between the two countries’ banking authority.
Halim Alamsyah, Deputy Governor of Bank Indonesia (BI), said that his institution and the Monetary Authority of Singapore (MAS) are reviewing several provisions in the banking sector to accommodate the acquisition plan.
As response to the acquisition plan, Arif Budimanta, member of Commission XI at the House of Representative (House), asserted that the plan indicates that there is threat to the national banking industry.
“The Government and Bank Indonesia should not take decisions that benefits foreign parties’ interest,” he added.
Even if there is an award from the Singaporean Government to Indonesian leaders, it should not in any way influence decisions to approve Bank Danamon’s proposed acquisition plan.
“We appreciate Singapore’s acknowledgement. However, it must not affect Government’s policy on the national banking industry,” he said.
In the acquisition proposal, Arif asserted that Bank Indonesia must have favorable bargaining position so that Indonesia may implement the reciprocal principle to the plan.
“If Bank Indonesia agrees with the acquisition plan, in return Singapore must simplify the procedure for Indonesian banks in establishing representative office and engage in financial service activities in Singapore,” he added.
Arif argued that currently Bank Indonesia has low bargaining power when dealing with foreign banking industry. This can be seen by the fact that Director Position in PT Bank Danamon is seated by foreigner.
“We must not forget that during financial crisis in 1997, Government allocated IDR 32 billion for Bank Danamon’s recapitalization. Therefore, Bank Indonesia must demand an Indonesian national to fill the Director position,” he concluded.
(hot/ds)