Bank Mandiri cancel the acquisition of Indover Bank
— yulyanto
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Name: Yulyanto
Site: http://www.yulyanto.com
About: I was born on July, 16th of 1979, after graduate from Senior High School on 1996, I was continued my study at University of Persada Indonesia YAI (Jakarta) on 2002, majoring in Bachelor of Accounting and then continue my study in the same institution, success to get Master of Management especially Finance Management on 2005. After finish my first Master degree in Management, I’ve got the second Master of Law at University of Indonesia (Jakarta), especially in Economics Law on 2007 by Office’s Scholarship.
I have been working at PT Sanwell Austindo-Jakarta (www.austindocorporation.com), my last position as a Finance Manager, and then start on May 2007 I have been moving as a Marketing Manager, but until now I am still responsible as an Internal Control Manager at PT Austindo Perdana- Bali (Austindo Groups).
In my spare time, usually I am always reading and writing something. Until now, I have been contributed my opinion by some media, like’s science journal, articles, blogs and also in my personal website too (www.yulyanto.com).
Someday, I hope that my written will be useful for anything all in the world ………..............................…See Authors Posts (226) • October 10th, 2008

Executive Vice President Coordinator Change Management Office of Bank Mandiri, Haryanto T Budiman, announcing in press release that Bank Mandiri was canceled the acquisition of Indover Bank. The formal letter also was sent to Central Bank, Finance Minister and BUMN Minister since Thursday (25/09/08).
This decision is also related by the global financial crisis currently, before cancel this planning, Bank Mandiri was confirm to acquisition Indover Bank who share-owned by Central Bank (BI) if the global macro economic still condusive, but financial market turbelence was change all of the economic condition.
Bank Mandiri was canceled this planning and now focus to anticipate and doing some preparation to cover the negative influence of global economic crisis.
Topic: Business, Finance, Industry, Invesment, News
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