INDONESIA - BANKING - Islamic bank assets grew

www.bisnis.com - YOGYAKARTA: Islamic banking assets in the region of Yogyakarta until the first quarter of 2012 grew 32.93% to Rp2, 29 trillion over the same period last year Rp1, 72 trillion, so the share of Islamic banking assets reached 6.46%."The share of Islamic banking assets to total banking assets DIY in the DIY reaches 6.46%, exceeding the national target rate of only 5.00%," said Chief Representative of Bank Indonesia Yogyakarta region, Mahdi Mahmudy, 29 April 2012.He said that Islamic banking performance relative to March 2012 grew rapidly over the same month in 2011 (yoy). Third Party Funds (TPF) increased 34.99% (yoy) to Rp1, 91 trillion, while financing increased 43.99% to Rp1, 51 trillion. (source)