Friday, January 14, 2011

BANKING - Assets of Sharia banks penetrates to IDR100 trillion

JAKARTA: The assets of sharia banks has penetrated IDR100 trillion by the end of December 2010 or grew beyond the expected target at the beginning of the year.

Deputy Director of Sharia Banking Directorate Bank Indonesia Mulya Siregar said that the asset has grown significantly within a month at the end of last year.

"Sharia banking assets jumped IDR7 trillion in December from IDR93 trillion in November, which showed the improvement of Sharia banking performance," he said, yesterday.

By penetrating to IDR100 trillion, it means that sharia banking assets has grown 46.6% last year from IDR68.21 trillion in December 2009.

Based on Bisnis’ data, the growth of sharia banking 2010 was mostly supported by the entry of many new players from the conversion of conventional banks and the separation of sharia business units. Last year, there were five newly established sharia public banks.

The five new banks added the number of sharia public banks in the market into 11 banks and automatically transfer the assets in the calculation of sharia banking industry.

According to Mulya, BI have set the asset growth at moderate level of IDR141 trillion (41%) this year. The growth of the assets, he explained, is in line with the rapid expansion of sharia banking in developing its business.

However, Mulya added that there is still a challenge for sharia banks in the future particularly related to the development of human resources (HR).

This is necessary and become the focus of sharia banking in the future following the Asean Economic Community (AEC) in 2015.

"The growth of sharia banking should also followed by the increasingly competitive human resources in order to compete with other countries. Don’t let foreign citizens manage sharia banks," he said.

In addition, sharia banking should also continue to develop innovative products considering the tight competition. In term of services, he added, sharia banking should provide good service same as conventional banks.

Based on BI’s data, up to November 2010, the gain of third party fund by the sharia banking has reached IDR70.6 trillion with financing value at IDR67.9 trillion.

Currently, there are 11 sharia banks in Indonesia with 23 sharia business units and 149 BPRS.

In response to the expansion target this year, Director of Bank Mega Syariah Beny Witjaksono said the company has set the asset growth to reach 20% compared to the gain during 2010.

"We are targeting the asset growth this year to grow 20% from IDR4.6 trillion in 2010," he said.

In reference to the asset growth of 20% then the company is estimated to reach IDR5.52 trillion this year. (t06/wiw)

Source : http://www.bisnis.com/index.php/bisnis-indonesia-headlines/6461-assets-of-sharia-banks-penetrates-to-idr100-trillion - Jan 13, 2011

No comments:

Post a Comment