BIS central bankers’ speeches  1  firms with total assets of over $ billion. They engage in a wide variety of insurance and noninsurance activities. Some are fully domestic, while others have material international operations. Some are organized as mutual companies, while others are owned by public shareholders.
The Government will press forward with the divestment of the remaining IBRA banks with plans to sell majority stakes in Bank Lippo and Bank Internasionel Indonesia by November of this year, and Bank Permata by February 2004. The Government also plans to sell 20% stake in the state-owned Bank Rakyat Indonesia in September of this year.