The Indonesian Bank Restructuring Agency IBRA regional road show stopped in Hong Kong on Tuesday to take questions from potential investors and to plead patience. IBRA has come under fire for last week's decision to again postpone the sale of two banks. Much of the confusion over what IBRA is doing or not doing stems from its enormous size and role in the Indonesian economy, and its top brass are trying to better explain how it works.
In the process, IBRA disclosed it is considering merging those banks it has recapitalized which don't meet Bank Indonesia's capital adequacy ratio CAR requirements by the end of next year. According to the central bank, all...
