Scholarship by PT Bank Lippo Tbk

PT Bank Lippo Tbk (“LB”), a major investee company of Khazanah Nasional Berhad, Malaysia, believes in developing the human capital in the Republic of Indonesia. In this regard, LB is pleased to offer scholarships and financial assistance to deserving Indonesian students who intend to pursue their tertiary education at a university in Indonesia.

Therefore, LB is inviting applications from high school graduates who would like to pursue a Bachelor’s Degree program majoring in Commerce, Finance, Economic, Accounting, Computer Science, Mathematics, Statistics, and Law.

The scholarship grant will be based on the merits of the applicant, including academic grades and school extra-curricular activities. However, to provide opportunities to those who would otherwise have difficulties in financing their tertiary education, special consideration will be given to applications from students that come from a financially disadvantaged family.

I. REQUIREMENTS:
Applicants to LB Scholarship must meet the following minimum requirements:
(i) Must be an Indonesian citizen;
(ii) Must complete the application form;
(iii) Grade Point Average for the National Examination Result and Average Point for High School Examination Result must be 8.00 or higher;
(iv) Must be able to demonstrate that they are from financially disadvantaged family by showing an official letter of poverty from the local authority and home electricity bill;
(v) Not presently receiving any other equivalent scholarship or award;
(vi) English proficiency;
(vii) Must comply with all rules and regulations imposed by LB in relation to the scholarship program;
(viii) Accepted applicants must be willing to participate in any LB programs and activities such as internship program at LB or any of its affiliated companies;
(ix) Scholarship recipients are prohibited from holding a job throughout the period of study.
(x) Must complete all documents as listed in the Further Requirements & Conditions. (http://www.lippobank.co.id/Document/LB_Scholarship_1.pdf)

II. COVERAGE OF SCHOLARSHIP:
The scholarship shall cover the following:
(i) Registration fees at the university at which the scholarship recipient is enrolled;
(ii) Tuition fee for the duration of study, not exceeding 4 (four) years or 8 (eight) academic semesters or less depending on the program selected. LB is not obligated to provide any further funding or other assistance should the scholarship recipient does not finish the course of study within the given time frame;
(iii) Living allowance to cover living expenses throughout the period of study;
(iv) Book allowance required for study;
(v) Internet allowance to access internet for study purpose;
(vi) A personal computer;
(vii) Research allowance required for final-year research study.

III. WORK OBLIGATION
(i) During the period of study, scholarship recipient must be willing to participate in the internship program at LB.
(ii) Upon completion of undergraduate program, scholarship recipients are obliged to work for LB and/or its affiliations for a period of 4 consecutive years subject to job’s availability at LB and/or its affiliations.


IV. APPLICATIONS
Application form can be obtained directly from LB Head Office (Corporate Secretary Group) at Menara Asia 15th Floor, Jl. Boulevard Diponegoro Kav.101, Lippo Karawaci, Tangerang or downloaded here : http://www.lippobank.co.id/Document/perusahaanScholarship2_form.pdf

V. GENERAL PROCEDURES
Interested applicants who meet the requirements must complete and return the application form together with the required supporting documents no later than June 29, 2007 at LB Head Office:

PT Bank Lippo Tbk
Head Office
Menara Asia 15th Floor
Jalan Raya Diponegoro 101
Lippo Karawaci, Tangerang 15810
Indonesia.
Attention: Corporate Secretary

VI. FURTHER INFORMATION
For further information about LB Scholarship please feel free to contact us at 021-5460555 Ext. 6567.

Website: http://www.lippobank.co.id/
Deadline: 29 June 2007