Regulatory Alerts2008-12-24
Bank Indonesia Regulation No. 10/39/PBI/2008 on Special Banking Treatment Following the National Disaster in Aceh and Nias
Bank Indonesia issued Regulation No. 10/39/PBI/2008 to establish special banking protocols supporting economic recovery in Nanggroe Aceh Darussalam and Nias Regency following the 2004 national disaster. The regulation permits banks to issue new deposit ownership certificates, manage lost records, and transfer unclaimed funds to Baitul Mal or Treasure Hall Relics while exempting institutions from confidentiality laws during customer identification and announcement processes. It further provides mechanisms for resolving loans with destroyed collateral, replacing lost land hypothecation documents, and relocating damaged bank offices under prudential principles.
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