Definitions for indonesian bank restructuring agency
in·done·sian bank re·struc·tur·ing agen·cy

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1. Indonesian Bank Restructuring Agency

   The establishment of the Indonesian Bank Restructuring Agency (IBRA) (Indonesian: Badan Penyehatan Perbankan Nasional, BPPN), lit. "National Banking Revitalization Agency") in early 1998 was one of a series of steps taken by the Indonesian government, in agreement with the International Monetary Fund on 15 January 1998, in response to the banking and economic crisis which emerged following the onset of the Asian monetary crisis in mid-1997. Among other things, the drastic depreciation of the rupiah (Rp) reduced bank liquidity, and loss of public confidence in the rupiah and the banking system in general. In establishing IBRA, the Indonesian authorities were effectively establishing a "bad bank" financial vehicle to allow the segregation of bad debts away from established banks with the aim of promoting the overall recovery of Indonesia's financial system.As a measure to cope with the scarcity of liquidity in the nation's banking system, in late 1997 and early 1998 the central bank (Bank Indonesia), as a lender of the last resort, provided liquidity assistance loans to banks. In addition, the Government instituted a blanket guarantee program for all bank liabilities, to arrest further erosion of confidence towards the system. This process left the Indonesian banking system holding a large number of bad loans at the end of 1997.

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1. Indonesian Bank Restructuring Agency

   The Indonesian Bank Restructuring Agency is part of a series of strategic policies taken by the Indonesian government in response to the banking and economic crisis which befell the country following the onset of the Asian monetary crisis in mid-1997. Among other things, the drastic depreciation of the Rupiah reduced bank liquidity, and loss of public confidence to the Rupiah and the banking system in general. As a measure to cope with the scarcity of liquidity in the nation's banking system, Bank Indonesia, as a lender of the last resort, provided liquidity assistance loans to banks. In addition, the Government instituted a blanket guarantee program for all bank liabilities, in order to arrest further erosion of confidence towards the system. IBRA had been established on January 26, 1998 and was planned to have lifespan of five years for undertaking its tasks. Even though IBRA’s liquidation took longer than planned, the government finally terminated IBRA on April 30, 2004. According to the law of establishment of IBRA, IBRAs’ objectives were to administer the government's blanket guarantee program, and to supervise, manage and restructure distress banks. These objectives were extended on February 27, 1999 to include to manage the government’s assets in performing banks under restructuring status and to optimize the recovery rate of asset disposals of distressed banks. IBRA had been undertook an integrated and comprehensive series of activities consisting of bank liability program, bank restructuring, bank loan restructuring, shareholders settlement, and the recovery of state funds. These are carried out by the major operating units within IBRA: Bank Restructuring, Asset Management Credit, Asset Management Investment, Risk Management, and Support and Administration.

How to pronounce indonesian bank restructuring agency?

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Numerology

1. Chaldean Numerology

   The numerical value of indonesian bank restructuring agency in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of indonesian bank restructuring agency in Pythagorean Numerology is: 2

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Indonesian_Bank_Restructuring_Agency
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=indonesian bank restructuring agency