Wednesday, January 11, 2012

INDONESIA - BANKING - Two Islamic Banks Limit Gold Pawning

JAKARTA (IFT) – PT Bank Syariah Mandiri, a subsidiary of PT Bank Mandiri Tbk (BMRI) and PT Bank Mega Syariah, a subsidiary of PT Bank Mega Tbk (MEGA)will limit the portion of the distribution of gold pawning to a maximum of 10 percent of the total financing provided by companies, according to bank officials. Currently, the management of both banks holds a study with Bank Indonesia on gold mortgage risk management, among others the portion of loan to value (LTV) and the mortgage term.(source)

Source :  http://en.indonesiafinancetoday.com/read/15686/Two-Islamic-Banks-Limit-Gold-Pawning - Jan 11, 2012

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