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JAKARTA, Institutions Deposit Insurance Corporation (LPS) has revealed four times to inject capital funds as capital in PT Bank Century Tbk to reach Rp6, 7 trillion.

Based on LPS exposure Chairman Firdaus Djaelani, the capital injection was first performed on 23 November 2008 after at 20 - 21 November 2008 meeting of Financial System Stability Committee decided to save that of public banks.

At the committee meeting is expected to increase the capital requirements for Rp632 billion to boost capital adequacy ratio (CAR) of negative 3.53% to above 8%.

However, injections of capital on November 23, 2008 reached Rp2, 78 trillion to boost capital above 8%.

The next capital increase on December 5, 2008 of Rp2, 2 trillion is used to meet the provisions of the health level of the bank. Furthermore, on February 3, 2009, LPS again add funds Rp1, 55 trillion to cover the needs of CAR based on assessment results of the calculation of the BI board of directors of Bank Century.

Next on July 21, LPS re-inject Rp630 billion fund to cover the needs of CAR based on the results of the latest BI assessment of the public accounting firm audits.

When taken over by LPS per 20 November 2008, Public Accountant audit Aryanto Amir Joseph & Rose on Century Bank's financial statements showed total assets of Rp6, 957 trillion, liabilities Rp13, 7 trillion, equity Rp6, 7 trillion in deposits and third party funds for Rp9, 6 trillion. CAR as it shows much worse condition, ie, minus 153.66 per cent.

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