Bank Indonesia revoked the business license of Bank
Perkreditan Rakyat (BPR) Artha Nagari Madani in Padang, Sumatra Barat. The decision is stipulated in the Decree of Governor of BI No. 13/103/KEP.GBI/2011
dated December 15, 2011. The
Institution (LPS) will perform its functions as guarantor, the process of liquidation. LPS will perform
reconciliation and deposit
verification of data and information to
establish a viable deposits paid and unpaid,
the reconciliation lasted for 90 days from the revocation.
LPS is taken over
and run all the rights and powers of shareholders, including the General Meeting of Shareholders (GMS).
The measures to be taken: dissolve the legal entity
of the bank, designation a team of liquidation, determine the status of
the bank as a bank
in liquidation, discharge
all the directors and commissioners. (detik.com
December 15, 2011)