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Merger process between Malaysia’s Commerce International Merchan Bankers (CIMB) Sdn Bhd Niaga Bank and Lippo Bank has complete. CIMB group now hold a controlling share ownership of 77.75 percent of CIMB Niaga Bank. 

After merger, assets of CIMB Niaga Bank is around Rp. 100 trillion (US$ 1 billion) with 650 branch offices in Indonesia and 11,000 employess from 120 Indonesia cities will be working at CIMB Niaga Bank. Now, CIMB Niaga Bank is the nation’s sixth largest bank by assets. 

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President Director and Chief Executive Officer (CEO) of PT Bank Lippo Tbk, Henk Mulder said that the company’s credit growht by consolidation was reached 42 percent Year on Year (YoY) become to Rp. 24,551 trilliun.

The credit growth has contributing by Lippo group are consist of 39 percent for commercial credit, 33 percent corporation credit and 28 percent consumer credit (including financing was contributed to PT Kencana Internusa Artha).

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Indonesia’s Real Estate Community Company has been propose to the Government of Indonesia to open the property’s ownership for the foreign investor as one of the solution to increase our currency was depreciate at this moment.

This property’s ownership hopely can be increase  some foreign investor to come here and invest their money with buying some property. This condition finally will also bringing some dollar currency to our property sector.

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State-Owned Enterprise (BUMN) Minister, Sofyan Djalil claims that the Central Bank (BI) should be responsible and focus to finish the BUMN banking current assets in NV. De Indonesische Overzeese Bank (Bank Indover) who has been bankruptcy process by Deucth Central Bank.

The Central Bank (BI) as the one or single stockholders of Indover Bank must be responsible to cover the Indover’s liability to avoid the bankruptcy condition caused by theirs debt default to another party.

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Credit’s growth of Danamon Bank was reached 33 percent Year on Year (YoY) till the third quartal of 2008. This credit’s growth was supported by mass market segmen and consumer finance segmen.

Until September 2008, Danamon’s credit has been growth to the amount Rp. 16.4 trillion, become to Rp. 66.5 trillion.

While, Earning After Tax (EAT) consolidation was reached Rp. 1.76 trilion or increase 10 percent from Rp. 1.6 trillion in the same period on 2007.

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