IBRA - BII,BK Universial May need fresh capital

Indonesian Bank Restructuring Agency Chairman Edwin Gerungan said two nationalized banks may need fresh funds before year-end to ensure their capital adequacy remains within international standards. Edwin said another alternative for PT Bank International Indonesia (P.BII) and PT Bank Universal (P.BKU) would be a merger if their capital adequacy ratio, or CAR, fails to reach the minimum 8% as demanded by the central bank.

In a statement late Jan. 23 Edwin said "the two banks still have opportu

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