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The t ime given t o perf orm t he act ions required by BI has expired, t he Capit al Adequacy Rat io is below
8 , and the condition of the Bank is not improving, Bank Indonesia w ill inf orm t he Deposit Insurance
Agency and request a decision f rom t hat agency on w het her t o rescue or not rescue t he Bank. If t he
Deposit Insurance Agency decides not to proceed w ith rescue of t he Bank, Bank Indonesia w ill revoke t he
o p er at i n g l i cen se o f t h e Ban k af t er recei vi n g not if icat ion f rom t he Deposit Insurance Agency.
11. Follow Up Action to Rural Bank under Special Surveillance
In t he event t hat Bank Indonesia deems a rural bank t o b e in su ch co n d it io n as t o h ave d if f icu lt ies
endangering it s cont inued operat ion, t he rural bank sh all b e p laced u n d er sp ecial su rveillan ce. Ban k
In d o n esia m ay p lace a ru ral b an k u n d er Sp ecial Surveillance if one or more of t he f ollow ing crit eria
are met :
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The Capit al Adequacy Rat io CAR is less t han 4 ;
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Cash Rat io CR f or t he past 6 mont hs is less t han 3
The period specified for special surveillance is 6 month from t he dat e of not if icat ion let t er f orm BI and can
not be extended. During the period specified for special surveillance, a rural bank can be exited from the special
surveillance if meet t he f ollow ing crit eria:
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The Capit al Adequacy Rat io CAR at least 4 , and
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Average Cash Rat io f or t he past six mont hs at least 3 , and
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Has co m p let ed all p ro cess o f law in reco very according t o t he regulat ions.
Bank Indonesia may make announcement concerning ru ral b an k u n d er sp ecial su rveillan ce t o Dep o sit
Insurance Agency LPS t hese f ollow ing met t ers:
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The rural bank that is put under special surveillance;
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The rural bank at t he period of special surveillance and t he period has been exceeded but t he f inancial
condit ion of bank is not improved;
109
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Th e ru ral b an k t h at w as exit ed f ro m sp ecial surveillance in case f inancial condit ion is improved
so The Capit al Adequacy Rat io CAR at least 4 and average Cash Rat io f or t he past six mont hs at
least 3 Af t er get t he announcement f rom BI in let t er b and c,
LPS w ill evaluat e t o t ake decision rescue or not . If LPS decide not t o rescue, BI shall est ablish a revocat ion of
operat ing license w it h t he announcement f rom LPS and publish it t o t he sociat e.
12. Certifying Institution for Rural Bank
The objectives for establishing the certifying institutions are:
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To ensure t he qualit y of t he cert if ying syst em
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To ensure t he im plem ent at ion of t he cert if ying syst em; and
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To im p ro ve t h e q u alit y o f p er f o r m an ce an d prof essionalism of BPR’s human resources.
The requirements that must be fulfilled by the certifying inst it ut ions are:
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Having a vision and mission to improve and develop human resources in BPRs t o support t he creat ion
of sound, healt hy and eff icient indust rial condit ion f or BPRs;
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Const it ut ing t he minimum bodies t hat consist of : Cert if ying Board, Nat ional Curriculum Commit t ee,
and management .
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Having and conduct ing it s dut ies based on it s co m p et en ce an d co m m i t m en t t o m an ag e,
det ermine, and organize t he cert if ying syst em.
13. Debtor Information System SID
