Perjalanan Kasus Bank Century

Summary

This video script delves into the history and challenges faced by Bank Century, starting from its foundation in 1989 under the name Bank CIC by Robert Tantular. Over the years, the bank underwent a series of transformations, including merging with other banks and becoming Bank Century in 2004. The script highlights key issues, such as problems with liquidity and the involvement of Antaboga Delta Sekuritas, which led to significant losses for many of its customers. Despite facing regulatory setbacks and financial struggles, the case of Bank Century continues to reveal insights into its complex journey.

Takeaways

• 😀 Bank Century was founded in 1989 under the name Bank CIC by Robert Tantular.
• 😀 In 2004, Bank CIC underwent a transformation into Bank Century, with a reported asset value of approximately 25 branches and additional facilities.
• 😀 The bank faced significant issues related to Antaboga Delta Sekuritas, which led to dissatisfaction among many of its customers.
• 😀 Robert Tantular, the founder of Bank Century, was declared unfit by Bank Indonesia after the bank's right issue in March 1993.
• 😀 Despite facing challenges, Bank Century continued to operate with 31 branches and 9 ATMs, though the situation would later worsen.
• 😀 In November 2018, Bank Century encountered liquidity problems, creating further financial instability.
• 😀 The root causes of the bank's difficulties stemmed from both management issues and external factors like the troubled Antaboga Delta Sekuritas investment.
• 😀 The involvement of Robert Tantular and his inability to meet regulatory standards contributed to the bank's eventual struggles.
• 😀 The public perception of Bank Century worsened due to financial mismanagement and legal concerns surrounding its operations.
• 😀 The events surrounding Bank Century and its collapse are part of a broader discussion on financial regulation and the need for stringent oversight in banking.

Q & A

What was the original name of Bank Century when it was first founded in 1989?

The original name of Bank Century was CIC when it was first founded in 1989.

Who was the founder of Bank Century?

The founder of Bank Century was Robert Tantular.

What were the issues faced by Bank Century in 2004?

In 2004, Bank Century merged with other banks such as Bank Danpac, Bank Pikko, and Bank Dibyar Jeruk, and it eventually became Bank Century.

What was one of the major problems associated with Bank Century during its operations?

One of the major problems was related to Antaboga Delta Sekuritas, as many customers of Bank Century felt they were harmed by investments in this company.

What led to Bank Century's liquidity issues in November 2008?

In November 2008, Bank Century faced liquidity issues, largely due to the financial instability of its investments and management problems.

How did Robert Tantular's background affect the establishment of Bank Century?

Although Robert Tantular was the founder of Bank Century, his background caused issues because he failed the 'fit and proper' test conducted by Bank Indonesia after a rights issue in March 1993.

What is the significance of the rights issue in Bank Century’s history?

The rights issue in March 1993 was significant because it was after this event that Robert Tantular's ability to continue as a bank director was questioned by Bank Indonesia, due to failing the 'fit and proper' test.

How did Bank Century's branch network contribute to its challenges?

Bank Century's extensive branch network, with 25 branches, 31 sub-branches, 7 cash offices, and 9 ATMs, contributed to operational challenges and increased financial strain as it struggled with liquidity problems.

What role did Antaboga Delta Sekuritas play in the financial issues of Bank Century?

Antaboga Delta Sekuritas played a role in Bank Century's financial troubles as many customers who invested in this securities firm felt they were financially harmed, contributing to the bank's declining trust and liquidity issues.

What was the final outcome of Bank Century's financial difficulties in 2008?

Bank Century’s financial difficulties culminated in a government bailout in 2008, as it was deemed too big to fail, and the Indonesian government intervened to stabilize the bank.