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I partnered with Sudono Salim, front row, center, to create what I thought would be the ideal bank. (Photo provided by company)
My Personal History

A fateful meeting with a powerful tycoon: Mochtar Riady's story (16)

After weathering the banking crisis, I convinced Sudono Salim to join me

| Indonesia

In the mid-1960s, political power in Indonesia was shifting from Sukarno to Suharto. It was expected that the country's sky-high inflation would start to come down, making it harder for businesses and merchants to raise prices. That, in turn, would likely increase the number of borrowers unable to repay their loans, leaving banks with massive amounts of bad debt.

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