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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (3683)	5/18/1998 9:00:00 AM
From: tom	Respond to of 9980

I would consider that, shall we say, a lower bound for their exposure to SE Asia! They all say that they only lend to multinationals, exporters etc but that's clearly rubbish. I have to concede that the Europeans are not the craziest lenders to Indonesia. That title is won by the Japanese (possibly shared with the Koreans). This'll be fun - I wonder why DB have such an interest in it? FRANKFURT, May 18 (Reuters) - Deutsche Bank AG <DBKG.F> said on Monday it planned to host the next round of Indonesian debt talks due to take place in Frankfurt on May 26. "The talks are scheduled to take place on the premises of Deutsche Bank," a spokesman said. He declined to provide further details. Deutsche, Bank of Tokyo-Mitsubishi (BTM) and Chase Manhattan Corp <CMB.N> co-chair the steering committee representing banks at the talks. Indonesia and its creditors failed to reach agreement in their last round of talks on May 10 in Tokyo to reschedule $80 billion in private sector debt. The most thorny issue yet to be resolved is the debt held by corporations, while progress was made in Tokyo in solving the problems of Indonesian banks' foreign currency debt and trade finance. Deutsche last year set aside 1.4 billion marks in additional loan loss provisions to cover its exposure to South Korea, Thailand, Malaysia and Indonesia. The bank reduced its exposure to those four countries to 7.3 billion marks by end-March from nine billion marks at end-1997.