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INDONESIA'S IBRA MEETS 2000 BUDGET CASH TARGET OF US$2 BLN.
JAKARTA, Jan 2 Asia Pulse - The Indonesian Bank Restructuring Agency (IBRA) has met the government's target to raise some Rp 18.9 trillion (US$2 billion) in cash to help finance the 2000 budget.
IBRA said in a press statement that it had raised about Rp 20.71 trillion during the fiscal year.
"In the fiscal year 2000, IBRA has provided some Rp 20.71 trillion in cash to the finance ministry. Some Rp 18.9 trillion is to be contributed (to the state budget), while the remainder is to repay (the government) guarantee fund," the agency said.
One of IBRA's mandates is to raise cash to help finance the state budget which has been heavily burdened by the huge cost of the government bank restructuring and recapitalization program.
In the current 2001 fiscal year, IBRA must raise Rp 27 ...
- Lippo Bank prepares Rp 2t for IBRA assets purchase.
- Newspaper article from: Jakarta Post April 26, 2001 700+ words
...companies with large bad debts. IBRA, a unit of the Ministry of Finance, controls assets worth around Rp 600 trillion taken over from...government recapitalization bonds with IBRA assets. IBRA injected Lippo Bank with Rp 9 trillion in government bonds...
- IBRA collects Rp 2.7 trillion from loan asset sale, JAKARTA POST.
- News wire article from: The America's Intelligence Wire December 4, 2002 700+ words
...been completed in June. IBRA raised Rp 23.1 trillion during...the first sale was worth Rp 135 trillion. Under the current program, IBRA is selling 91,000 credit...corporate debts are worth over Rp 100 billion. IBRA argued that the program...
- IBRA plans to meet Rp 26 trillion target, JAKARTA POST.
- News wire article from: The America's Intelligence Wire January 29, 2003 700+ words
...expected to rake in some Rp 4 trillion from the divestment program. IBRA Chairman Syafruddin...divestment program), IBRA also plans to raise Rp 16 trillion from the...face value of almost Rp 70 trillion. IBRA had repeatedly argued...
- IBRA plans to meet Rp 26 trillion target.
- News wire article from: Asia Africa Intelligence Wire January 29, 2003 700+ words
...expected to rake in some Rp 4 trillion from the divestment program. IBRA Chairman Syafruddin...divestment program), IBRA also plans to raise Rp 16 trillion from the...face value of almost Rp 70 trillion. IBRA had repeatedly argued...
- IBRA to sell another Rp 8t worth of bank loans.
- Newspaper article from: Jakarta Post October 19, 2000 700+ words
...announced early in December. IBRA has received around Rp 250 trillion or around...71 percent recovery rate. IBRA is targeted to raise Rp 18.9 trillion in cash this...or next year's target of Rp 27 trillion. IBRA is also planning to sell...
- IBRA to raise Rp 24t in cash this month.
- Newspaper article from: Jakarta Post November 21, 2001 700+ words
...later in the month so that "as of Nov. 29 IBRA will have earned Rp 24 trillion." According to IBRA's monthly report, as of September...IBRA Bank Restructuring Unit (BRU) with Rp 499 billion. IBRA has received various assets worth over...
- IBRA plans to sell unrestructured loans worth Rp 8t.
- Newspaper article from: Jakarta Post August 20, 2001 700+ words
...Bank Restructuring Agency (IBRA) plans to sell off Rp 8 trillion (about US$919...recapitalization bonds in banks. IBRA had some Rp 16 trillion in small and...the bank's portfolio of IBRA unrestructured loans totaled Rp 6.5 trillion. "We've...
- IBRA expects Rp 4t in Salim asset sales.
- Newspaper article from: Jakarta Post January 18, 2002 700+ words
...Group may generate between Rp 3 trillion (about US$288 million) and Rp 4 trillion for the Indonesian...Restructuring Agency (IBRA), as the agency hopes...surrendered its assets to IBRA in exchange for the agency...1998. Thereafter, some Rp 52 trillion worth of Salim...
- IBRA to swap more than Rp 20t loans for bonds.
- Newspaper article from: Jakarta Post September 6, 2000 700+ words
...Indonesian Bank Restructuring Agency (IBRA) expects to swap next year between Rp 20-30 trillion (US$2.41 billion...The agency is targeted to raise Rp 25-30 trillion in 2001. IBRA is managing more than Rp 250 trillion worth of non-performing...
- IBRA hands over Rp 4.7 trillion in cash to govt.
- Newspaper article from: Jakarta Post March 6, 2000 700+ words
...the end of this month. "IBRA has raised Rp 10.5 trillion, of which...fiscal year," he said. IBRA, with the Rp 10.5 trillion in hand...next fiscal year instead. IBRA, which controls assets worth over Rp 600 trillion put up by small...
Source: HighBeam Research, INDONESIA'S IBRA MEETS 2000 BUDGET CASH TARGET OF US$2 BLN.