Niaga Bank Have not “Exposure” towards the United States Financial Agency

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PT CIMB Niaga (BNGA) said did not have exposure against valuable letters that were published by the foreign financial agency, including the United States and Europe that were fluctuating. “However, as the foreign exchange bank, the company had relations with the correspondent’s banks in the USA and Europe,” said the Secretary Company of the BNGA Ikky Dermabudiman, in his information openness, on Friday (10/10).

According to Ikky, at this time the company had the correspondent 12 banks from the USA and Europe, namely Deutsche Bank AG (Frankfurt), Citibank AG (Frankfurt), the Union of the Bank of Switzerland (Zurich), American Express Bank Ltd (New York), Citibank NA (New York), Wachovia Bank NA (New York), the Bank of New York (New York), Deutsche Bank Trust Company (New York), JP Morgan Chase Bank (New York), the Bank of America (USA), and Citibank International Pl C (London).
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The Indonesian Bank tightened the monetary policy National

The Indonesian bank (BI) decided to tighten the monetary policy in this year to anticipate all the risks together with the inflation pressure and the global economic unrest. The deputy Governor BI Budi Mulya to the Indonesian Media said various evaluations of the policy of continuing to be carried out on the dynamics of the national economy that happened at this time.

The strong signal took the form of the BI Rate rise 25 basis of the point became 8.25% showed the monetary BI policy direction in controlling the domestic request in order to stifles the risk of the jump of inflation in 2008. Our important target was to achieve low and continuous inflation, he said after attending Workshop Banking Associate of the Indonesian Journalist in Pekanbaru, on Sunday (11/5).

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