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Indonesia's Bank Permata denies nonperforming loan sale rumor

Indonesia-based PT Bank Permata Tbk denied rumors that it is planning to sell a package of nonperforming loans for between 1 trillion rupiah and 1.5 trillion rupiah, IDN Financials reported May 16.

Earlier, a source told Kontan.co.id that Bank Permata was considering selling a package of NPLs to Kredit Bernasalah de Garasindo.

However, Bank Permata senior vice president Richele Maramis denied the rumored deal amount in a subsequent Kontan.co.id report, according to IDN Financials, the Indonesian stock exchanges news outlet.

As of May 16, US$1 was equivalent to 14,047.00 Indonesian rupiah.