INDONESIA - BANKING - BRI Syariah cuts more than a half of target of new branches

en.bisnis.com - JAKARTA: PT Bank Rakyat Indonesia Syariah, BRI's subsidiary, has changed a target of additional branches in this year to 70 new branch offices from the initial target to 150 offices.

BRI Syariah Director of Business Development Ari Purwandono said the measure is aimed to cut the expansion cost. (source)

INDONESIA - BANKING - BI grants permission for 2 new banks

REPUBLIKA.CO.ID, JAKARTA - Islamic Finance in early 2012 more enlivened by the presence of two new Islamic banks. Bank Indonesia (BI) issued a permit a business unit of sharia (UUS) and the People's Bank Financing the Sharia (SRB) in December 2011.

Regional Development Banks Jambi opened UUS UUS increase the number to 23 units. While the number to 155 by the presence of SRB SRB Light Living in Yogyakarta. (source)

INDONESIA - BANKING - Last year Islamic banking grew 40 %

JAKARTA: Indonesia optimistic about the growth of Bank of the Islamic banking industry in 2012 is still above 40%, although overshadowed by the national economic slowdown caused by the global crisis.
Some factors to driving industry growth is the performance of the newly established Islamic bank in 2010, the birth of new Islamic banks, to the penetration of foreign capital.
Mulya Siregar, Director Islamic Banking Bank Indonesia (BI) is optimistic the industry assets will grow over 40% by looking at the development of a number. Islamic banks which stood since 2010.  (source)

INDONESIA - BANKING - Bank Dipo Cancel Converted So Islamic Bank

REPUBLIKA.CO.ID, JAKARTA - PT Bank Dipo International likely to void converted into Islamic banks. Sampoerna Group said Bank Dipo would only form a business unit of sharia (UUS) to enter this industry.

This is confirmed Director of Friends of Small and Medium Enterprises, micro finance institutions owned by Sampoerna, Indra W Supriadi. "We had been delivered to BI if we want to be a conventional bank, but it is also possible entry into the business via the UUS sharia," he said when met Republika. (source)