Indonesia bank bailout agency eyes new premium fee to beef up funding

Jakarta

INDONESIA'S bank deposit insurance agency is discussing ways to bolster its 75 trillion rupiah (S$7.9 billion) war chest which a top official says is insufficient for its new mandate of restructuring banks on top of bailing out depositors.

Talks are underway about adding a new premium to the fees that Indonesian banks pay to the agency, known as LPS, based on their insured deposits, LPS commiss…