The Deputy Governor of Bank Indonesia, Halim Alamsyah, officially opened a yearend seminar on the outlook for Islamic banking with the theme "Capacity Building and Strengthening the Contribution of Islamic Banks to accelerate Economic Development," on Wednesday 14th December 2011 in Jakarta.
"Joint efforts to develop the Islamic banking market undertaken by Bank Indonesia in conjunction with industry players through the iB campaign expanded the market share of Islamic banks to ± 3.8% in October 2011, with a total of ± 8.6 million bank accounts and an office network in excess of 2,017 branches," Halim was quoted in his speech. (source)
Rapid Islamic banking development has been reported in the past year, particularly for Islamic commercial banks (BUS) and Islamic business units (UUS) that continue to dominate the industry. Accordingly, as per October 2011 assets had grown sharply by 48.10% (yoy) to Rp 127.19 trillion, which represents the strongest growth posted in the last three years. In addition, the assets of Islamic rural banks (BPRS) increased by ± Rp 3.35 trillion to a total in October 2011 of around Rp 130.5 trillion.
The macroeconomic impact of the global financial crisis, which tended to undermine the rate of growth in numerous countries around the world, has been minimal on the national Islamic banking industry, among others, because the financing portfolio of Islamic banks is nearly entirely allocated to productive sectors (the real sector). Consequently, the business sectors to which most Islamic banking financing is extended are domestic business sectors that are not directly linked to foreign trade.
"Bank Indonesia, through three scenarios ranging from pessimistic to optimistic, projects that in 2012 Islamic banking assets will grow by between 29% and 50%," added Halim.
Bank Indonesia will focus its development and policy measures on the following in order to support Islamic banking development in 2012: (i) expanding Islamic bank intermediation to productive economic sectors; (ii) developing and enriching better targeted products; (iii) enhancing synergy with parent banks through institutional Islamic business infrastructure development; (iv) improving education and communication with a focus on parity and distinctiveness; (v) reinforcing good governance and sound risk management; and (vi) strengthening the supervision system.
Jakarta, 14th December 2011
Bureau of Public Relations
Bureau of Public Relations
Difi A. Johansyah
Head of Bureau
Head of Bureau
No comments:
Post a Comment