BNI President Addresses Rush Money Issue

Bank Negara Indonesia (BNI) president director Achmad Baiquni asked customers not to panic and get affected by solicitations to withdrawal money en masse. The so called rush-money rumor has been circulating on social media in recent days.

According to Baiquni, the rumor is baseless and irrelevant, considering Indonesia’s banking fundamentals are normal and healthy.

“Banking conditions are very good, so there should be no reason to worry,” Baiquni told.

Baiquni firmly stated that banks’ performance continues to grow, both in terms of assets, loans, deposits and third party funds. Baiquni also urged people to ignore the call to withdraw their savings from banks.

“Let’s not over-blow the issue—especially in social media. There is no need to worry,” Baiquni said.

In terms of macroeconomics, Baiquni said the rupiah is stable while the Jakarta Composite Index is slowly gaining. “Last week’s correction was only a brief Trump effect.”

Baiquni said BNI is asking customers to remain calm and not be provoked by the issue. “If there are customers who want more information about this matter and require an explanation, we are ready.”

Earlier, the Police Headquarters’ Director of Special Economic Crimes Brig. Gen. Agung Setya said the solicitation is prone to prone risks of greater crimes that can harm the public.

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