INDONESIA - BANKING - Bank Islam mulling acquisition of Indonesia's Bank Muamalat

www.thestar.com.my -KUALA LUMPUR (Reuters): Malaysia's Bank Islam, the country's second largest sharia bank is still exploring plans for a potential acquisition of a stake in PT Bank Muamalat in Indonesia, said its group managing director and CEO Johan Abdullah.
"We are still collecting data and nothing is concrete yet. We like Indonesia because the market is robust and the infrastructure is readily available for us to go in there," he told reporters after BIMB's AGM on Tuesday.
Johan also said BIMB is looking at an option of listing Bank Islam as part of its aim to unlock the value of its assets. (source)

INDONESIA - BANKING - Bank Islam remains interested in buying a stake in an Islamic bank in Indonesia

www.thestar.com.my - PETALING JAYA: Bank Islam Malaysia Bhd is still keen on buying a stake in a Islamic financial institution in Indonesia, but is awaiting further clarification on the country's shareholding regulations for commercial banks.
BIMB Holdings Bhd group managing director and chief executive officer Johan Abdullah said no decision has been made on potential Indonesian acquisitions for now.
“At this juncture, we are still exploring and collecting data,” he told reporters after the group's 15th AGM. (source)