INDONESIA - BANKING - Post the Syariah Bukopin Asset Rp3, 16 Trillion

www.investor.co.id - JAKARTA-Islamic Bank Bukopin (BSB) had total assets amounting to Rp3, 16 trillion per semester of 2012, up 41.66% over the same period of 2011 amounting to Rp2, 23 trillion.
"We are in stable condition and was supported at all on the performance of the banking system. Kededapannya we expect will continue to grow," said Director of BSB Riyanto now open along here on Thursday.
Riyanto explained BSB profit increased by 50% year on year (yoy) to 9 billion in 2012 from the semster I Rp6 billion in the same period of 2011.  (source)

INDONESIA - BANKING - Post the Shariah Asset PermataBank Rp7, 65 Trillion

www.investor.co.id - JAKARTA-Islamic PermataBank had total assets of Rp 7, 65 trillion in the first half of 2012, up 146% over the same period of 2011 amounting to Rp3, 16 trillion.
"The growth of these assets PermataBank cements our position as a business unit of Islamic Sharia in the Islamic banking industry of Indonesia during the first semester of 2012," said Chief Syariah PermataBank Achmad Permana K 1433 on the sidelines of the care of orphans and orphans in Jakarta, Wednesday (8/8) .
He said that Sharia PermataBank profit increased by 87 percent year on year (yoy) to Rp118 billion in the first half of 2012 from 63 billion in the same period of 2011.  (source)

INDONESIA - BANKING - Sharia PermataBank Post the assets of Rp 7.65 trillion

www.investor.co.id - JAKARTA - Islamic PermataBank had total assets of Rp 7.65 trillion in the first half of 2012, up 146 percent over the same period in 2011 amounting to Rp 3.16 trillion.
"The growth of these assets PermataBank cements our position as a business unit of Islamic Sharia in the Islamic banking industry of Indonesia in the first half of 2012," said Chief Syariah PermataBank Achmad Permana K 1433 on the sidelines of the care of orphans and orphans here on Wednesday.
He said that Sharia PermataBank profit increased by 87 percent year on year (yoy) to Rp 118 billion in the first half of 2012 compared to USD 63 billion in the same period of 2011. (source)

INDONESIA - BANKING - QNB Kesawan Turns to Loss in First Half

www,theindonesiatoday.com - JAKARTA (Indonesia Today) - PT Bank QNB Kesawan Tbk booked net loss of Rp11.67 billion in the first half of 2012, flipped from net profit of Rp10.7 billion in the corresponding period of 2011.
The bank actually posted higher net interest income of Rp87.4 billion, representing an increase of 20% from the first half of 2011. Bank QNB Kesawan, however, suffered from substantially higher personnel and administrative expenses.  (source)

INDONESIA - BANKING - Asia Islamic Banking Assets Grow 15 Percent per Year

WWW.REPUBLIKA.CO.ID, KUALA LUMPUR - Islamic Banking Assets showed geliatnya Asia last year. Estimated growth of sharia banking assets reached 15 percent per year for the next 10 years.
It is inferred by the global body setting standards, which recorded growth of sharia banking in Asia.
Based on data from the central bank, ownership of assets in Malaysia increased by 27 percent over the past year. Until April 2012 the value of assets in Malaysia reached 344 billions dollars. Official state office in Indonesia's growth in assets reached Rp 144 trillion (15.2 billion dollars), or increased 43 percent.
Secretary General of the Kuala Lumpur-based Islamic Financial Services Board (IFSB), Jaseem Ahmed, said the growing need for increased consumer as a motor of this asset.  (source)

INDONESIA - BANKING - CIMB Niaga Sharia books 61% growth in assets

www.bisnis.com - JAKARTA: PT Bank CIMB Niaga Tbk sharia business unit recorded an aggressive growth by relying on a high increase in consumer financing.

According to Director of CIMB Niaga Commercial Banking & Sharia Handoyo Soebali, the assets of its sharia business unit (UUS) reached IDR5.7 trillion by the end of first half 2012 or 61% higher from IDR3.5 trillion a year earlier.

“The growth of sharia banking is largely driven by consumer segment which owned 51% portion of the total financing,” he said in Sharia Banking Forum for Multifinance and Consumer Business 2012 Thursday (7/5/2012).  (source)

INDONESIA - BANKING - Islamic banking assets in the KBI Jember reach up 57%

www.bisnis.com - SURABAYA: The growth of Islamic banking assets operating in the former District of Besuki in the second quarter of 2012 slowed down.
As of May 2012 recorded an increase of assets was only 57.1%. While the same period last year growth was 70% compared to the previous year.
Data released today says KBI Jember spots of Islamic banking assets is recorded Rp903 billion in May 2012. "Growing up 57.1% over the same period last year," said Dwi Suslamanto, Deputy Leader of BI Jember Monetary Economics Business in a press release received today (28/06).  (source)

INDONESIA - BANKING - 2014 Prediction Muamalat Asset Rp60 Trillion

www.investor.co.id - JAKARTA - Director of Compliance and Risk Management Muamalat Buchari Andi said, with the asset growth of 51.8% in 2010-2011, it predicts the bank assets will reach Rp60 trillion in 2014."Last year we achieved post the assets of Rp32, 5 billion, meaning that 50% of the achievements of the assets of about Rp15-16 trillion, with growth of Rp15-16 trillion consistently each year, is predicted to reach Rp 60 trillion in 2014," said Andi at Bank building Muamalat Tuesday.Andi explains, these assets will pursue the achievement of the business sector that is currently running. In addition, the achievement could be achieved if growth remains consistent as Muamalat Muamalat asset growth from 2010 to 2011, which amounted to 51.8%.  (source)

INDONESIA - BANKING - Here's How to Defeat Islamic Bank Indonesia Malaysia

WWW.REPUBLIKA.CO.ID, JAKARTA --- Assets of Islamic banks can not beat the ground water assets of Islamic banks in Malaysia. However, Indonesia has the resources to grow the homeland of Islamic banks to surpass Malaysia. These resources come from the agricultural sector and the size of the population in the country.

Resource base (resource base) is not owned by Indonesia Malaysia. According to the Managing Director of Bank Syariah Mandiri (BSM), Yuslam Fauzi, resource utilization is likely to make the defeat of Islamic banks homeland Malaysia. "A company or country can move forward in sustainable (continuous) if it could use a good resource base," he said in a monthly discussion of the Economic Community of Sharia, Friday (2/3) evening. (source)

INDONESIA - BANKING - Is it true that Islamic finance more attractive

www.antaranews.com - Jakarta (ANTARA News) - Some circles believe that Islamic banks Indonesia will continue to grow in line with the growing economy ramahnya Indonesia for investment.
Citing Directorate of Islamic Banking Bank Indonesia, the Islamic banking assets rose 35.55 percent in the fourth quarter of 2011 with a value of Rp135, 9 trillion.
That means Islamic banking assets reached 3.9 percent of total national banking assets. Previously, Bank Indonesia to target Islamic banking assets reached 200 trillion by the end of 2012. (source)

INDONESIA - BANKING - Indonesia Shariah Assets Rise Most Since 2003

www.bisnis.com - JAKARTA: The fastest growth in Indonesia's Shariah-compliant banking assets since 2003 is bolstering speculation that the government will meet its target for the industry next year.

Islamic holdings increased 49 percent to 145.5 trillion rupiah ($16.1 billion) in 2011, compared with an average 38 percent expansion over the previous five years, central bank data released on Feb. 15 showed.

That's less than Malaysia, a global Shariah finance hub, where assets total 389.3 billion ringgit ($129 billion), government data show.

Bank Indonesia has said it wants the industry to account for 5 percent of the country's total banking assets by 2013, from less than 4 percent now, and 10 percent by 2015 to 2020.  (source)

INDONESIA - BANKING - Good News... Total Asset of Islamic Banking hikes!

WWW.REPUBLIKA.CO.ID, JAKARTA - Another good news comes from Indonesian Islamic finance sector, according to a report by central bank or Bank Indonesia (BI). Total asset of Islamic banking in Indonesia enjoys an increase up to 49 percent in the end 2011, compared to the same periode of 2010 or year over year (yoy).  (source)

INDONESIA - BANKING - Assets Islamic banking up 49 %

www.tempo.co - TEMPO.CO, Jakarta-booming Islamic banking assets throughout 2011. Total assets of Islamic banks grew 49 percent from Rp 79.6 trillion in 2010 to Rp 149 trillion. "This figure includes 154 assets Sharia Rural Banks," said Director of Bank Indonesia Sharia Banking, Mulya E. Siregar, Monday, January 23, 2012.

With these achievements, the national Islamic bank managed to achieve 4 percent market share of banking assets, up 0.72 percent from 2010. Islamic bank financing nationwide had reached Rp 105 trillion, or grew 50.6 percent over the same period of 2010. Third party funds that can be collected by Islamic banks in 2011 also rose 51.78 percent to Rp 118 trillion. (source)

INDONESIA - BANKING - CIMB Niaga Pumps $11 Million Into Shariah Unit

Bank CIMB Niaga, Indonesia’s fifth-largest lender, has injected Rp 100 billion ($11 million) into its Islamic banking subsidiary to increase its lending, it said in a statement on Thursday.

The new money brings CIMB Niaga Syariah’s capital to Rp 450 billion as of December, the statement added.  (source)

INDONESIA - BANKING - Bank Indonesia hosts Seminar on Outlook for Islamic Banking in 2012

bank indonesia - No. 13/ 44 /PSHM/Humas

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)

INDONESIA - BANKING - Shadowed by the Global Crisis, Islamic Banking Growing

Jakarta (14/12) - Today the global economy, especially Europe and America, is still overshadowed by the crisis and economic slowdown. But conditions are not too concerned about Islamic banking in the country.

"The growth of Islamic banking will not be disrupted by the global crisis because eksporsur portfolio of assets in foreign currency associated with overseas and very little," said Deputy Bank Indonesia (BI), Halim Alamsyah in the "Outlook Seminar on Islamic Banking and Policy Direction" in Jakarta on Wednesday (14/12).  (source)

INDONESIA - BANKING - Sharia Banking Assets Target BI 200 Trillion

JAKARTA - Bank Indonesia (BI) is targeting Indonesia Islamic banking assets reached around Rp 200 trillion by the end of 2012, which would be followed by finance sector growth.
BI deputy governor Halim Alamsyah said in Jakarta on Wednesday, the total Islamic banking assets up to October 2011 reached around Rp127, 19 trillion and if combined with BPR sharia has been more than Rp130, 5 trillion, or grew approximately 47.5% "year on year" ( YoY).  (source)

INDONESIA - BANKING - BRI Syariah to open 150 new offices to boost credits

JAKARTA: PT Bank Rakyat Indonesia Syariah plans to open 150 new offices next year, aiming at reaching 60% growth target in loan disbursement.

The bank will expand its network in small cities of some islands in Indonesia.

Most of those offices will be supporting branch (KCP) since this type of office spends low operating cost, said BRI Syariah President Director Ventje Rahardjo. About 90% operating cost of a supporting branch goes to employee salary. In the meantime, investment to open an office is not more than IDR600 million.  (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 - BSM asset Third Quarter 2010 Up 55.12 Percent

REPUBLIKA.CO.ID, JAKARTA - Until III/2011 quarter, the performance of Bank Syariah Mandiri (BSM) is still encouraging. BSM's performance can be seen from several indicators such as total assets, the Third Party Funds (TPF), financing, and net income. (source)