INDONESIA - BANKING - BNI Syariah Micro will Open 50 Outlets

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah plans to open 50 outlets by 2012 micro. This amount will add to the already opened five outlets in the area of ​​Depok and Bogor.

"This year we are targeting to have 55 more outlets to serve the micro finance sector," said BNI Syariah Head of the Division of Human Resources, Bambang Sutrisno, Thursday (12/4).  (source)

INDONESIA - TAKAFUL - AIA Financial, CIMB Niaga offer sharia product

JAKARTA: PT AIA Financial in cooperation with PT Bank CIMB Niaga Tbk. launched on Wednesday sharia-based life insurance product Fortuna X-tra Plus Syariah, claiming the product offers maximum protection with optimum investment results for Indonesian customers.

“This bancassurance product is for customers who want to invest as well as get protection,” said Ferdy Sutrisno, CIMB Niaga retail banking and sharia director. (source)

INDONESIA - BANKING - CIMB Niaga Syariah posts 87 % higher earnings

JAKARTA: Profit before tax Sharia PT Bank CIMB Niaga Tbk increased 87% from Rp26, 05 billion as of September 2010 to Rp48, 74 billion as of September 2011.

This profit driven business performance improvement a number of Islamic financing include increased distribution by 95% from Rp1, 45 trillion to Rp2, 82 trillion, and an increase in third party funds (DPK) by 95% from Rp1, 76 trillion to Rp3, 44 trillion per September 2011. (source)

INDONESIA - BANKING - CIMB Niaga Syariah posts Rp48.74 billion profit

Jakarta (ANTARA News) - CIMB Niaga Syariah, the sharia unit of CIMB Niaga Bank, said on Thursday its profit before tax surged 87 percent to Rp48.74 billion in the year ended September compared to Rp26.05 billion in the same period last year.

"Thank God, CIMB Niaga Syariah`s profit as per September 2011 climbed more than 80 percent compared to the same period last year," CIMB Niaga`s Retail and Sharia Banking Director Ferdy Sutrisno said in a statement on Thursday. (source)