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IBRA : Bridging The Future Agenda : Agenda : Overview Economic Crisis and Banking Sector Vision & Mission IBRA's Scheme Performance to Date Macro Economic Indicators Indonesian Banking Landscape Pre and Post Crisis Bank Restructuring Unit (BRU) Asset Management Credit (AMC) Asset Management Investment (AMI) Contribution to Fiscal Support Plans for Going Forward Economics Policy Package after IMF Termination Recently Closed Transactions Timeline of Remaining Disposal Programs in 2003 Lippo Bank & BII Disposal Plan Investment Asset Disposal Program (PPAI 3) Closure of IBRA Badan Penyehatan Perbankan Nasional 2 BPPNThe Indonesian Bank Restructuring Agency (IBRA) IBRA : Bridging The Future Overview Performance Plans for to Date Going Forward • Economic Crisis and Banking Sector • Vision & Mission • IBRA's Scheme Badan Penyehatan Perbankan Nasional 3 BPPNThe Indonesian Bank Restructuring Agency (IBRA) IBRA : Bridging The Future Economic Crisis and Banking Economic Crisis and Banking Economic Crisis and Banking Economic Crisis and Banking Sector Sector Sector Sector • • In mid 1997 Rupiah drastically depreciated Economic Crisis: In mid 1997 Rupiah drastically depreciated Economic Crisis: following the depreciation of regional currencies started with drastic following the depreciation of regional currencies started with drastic • devaluation of Rupiah, •Rupiah depreciation led to liquidity crisis and in devaluation of Rupiah, Rupiah depreciation led to liquidity crisis and in turn banking crisis followed by banking turn banking crisis followed by banking and economic crisis and economic crisis • • Banking crisis led to Bank Run (Rush) Banking crisis led to Bank Run (Rush) • • In order to install trust in the banking system, In order to install trust in the banking system, the government issued blanket guarantee the government issued blanket guarantee program program • • In order to prevent capital flight, very high Government In order to prevent capital flight, very high Government interest policy was put in place that led to the interest policy was put in place that led to the Response collapsed of the real sector Response collapsed of the real sector • • Lender of the last resort function of The Central Lender of the last resort function of The Central Bank was executed Bank was executed • • IBRA was established in January 1998 IBRA was established in January 1998 Badan Penyehatan Perbankan Nasional 4 BPPNThe Indonesian Bank Restructuring Agency (IBRA) IBRA : Bridging The Future IBRA Vision To build a strong Government Agency in supporting the Indonesian economic recovery Loan Shareholder Bank Loan Shareholder Bank Restructuring Restructuring Asset Restructuring Restructuring Asset and Divestment and Divestment and Disposal Settlement and Disposal Settlement •Consolidate, •Conduct Loan Assets •Shareholder settlement restructure, and divest Sales Program (PPAK). of frozen banks, closed IBRA administered •Finalize ATK banks and taken over banks. administration problem. banks (BBO, BBKU, •Support Government in •Accelerate restructuring BTO). preparation for the and follow up litigation •Former shareholders establishment of cases. assets possession by Financial Services •HoldCos establishment IBRA Authority and Deposit process and/or asset •Continue asset sales of Insurance Corporation. securitization process. former shareholders. IBRA Mission To promote economic recovery through banking sector and corporate debt restructuring and to optimize the recovery of government funds in order to alleviate the burden of the recapitalization bonds on the Government budget Badan Penyehatan Perbankan Nasional 5 BPPNThe Indonesian Bank Restructuring Agency (IBRA) IBRA : Bridging The Future IBRA's Scheme IBRA's Scheme BI Liquidity Recap Bonds Guarantee MoF Assistance Rp. 425.5 T Rp. 73.8 T Advancement Rp. 144.5 T Rp. 4.9 T "Non IBRA FAILED BANK FAILED BANK Affairs" Shareholder Non Shareholder Non Settlement Performing Settlement Bank Shares Performing Bank Shares Program Loan Program Loan I B R A I B R A "IBRA Affairs" • Shareholder Shareholder •Bank Shares Bank Shares Marketable • Marketable NPL Settlement NPL Settlement Divestment Divestment •NPL NPL Securities •Non Core Asset Securities • Investment Non Core Asset Investment • Interbank Interbank AMI BRU AMC Litigation Treasury Rp. 130.72 T Rp. 123.34 T Rp. 361.19 T Rp. 65.81 T Rp. 13.50 T Notes : as of August 2003 (Finance Accounting) Badan Penyehatan Perbankan Nasional 6 BPPNThe Indonesian Bank Restructuring Agency (IBRA)
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