INDONESIA'S BNI SETS ASIDE US$110.7 MLN DUE TO PROBLEMATIC L/CS.
Publication: AsiaPulse News
Publication Date: 03-NOV-03
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JAKARTA, Nov 3 Asia Pulse - State bank BNI 1946 has set aside Rp941 billion (US$110.7 million) as asset reserves in anticipation of losses caused by the irregular issuance of 41 letters of credit totaling Rp1.7 trillion at its Kebayoran Baru branch in South Jakarta.
"Given the reserves, the bank's cumulative net...
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