State banks record US$1.6b in bad debts: BI

Padang Ekspres.net-On Thursday, the central bank revealed that the total bad debt of four of Indonesia’s state-owned banks had increased significantly to around Rp 15 trillion (US$1.6 billion).

According to Bank Indonesia data, most of the bad debt involved state-owned enterprises, as reported by kontan.com.

The total amount of bad debt from the end of 2008 to November 2010 had reached Rp 14.59 trillion, an increase of Rp 3.47 trillion from the same period until last October.

The total of nonperforming loans, comprising bed debts and doubtful loans, between the end of 2008 and November 2010 reached Rp 23.05 trillion.

The four state-owned banks were Bank Mandiri, Bank Rakyat Inonesia (BRI), Bank Negara Indonesia (BNI) and Bank Tabungan negara (BTN).

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