INDONESIA - BANKING - Mandiri Prepares for Branch Office in Malaysia, Capital Infusion to BSM

JAKARTA (IFT) – PT Bank Mandiri Tbk (BMRI) allocated Rp 500 billion to open a branch office in Malaysia and infuse capital to its subsidiary, PT Bank Syariah Mandiri (BSM). (source)

INDONESIA - BANKING - IDB to postpone selling Muamalat shares

JAKARTA: The Islamic Development Bank (IDB) officially submitted a letter to Bank Indonesia (BI) last week stating that it would postpone selling its shares of PT Bank Muamalat Tbk, a central bank official says.

BI Islamic Banking Directorate director Mulya E. Siregar said Friday that the postponement was due to a disagreement between IDB and potential investors over the stock price. (source)

INDONESIA - GENERAL - BCA, Mandiri Add Cash in ATMs for Idul Fitri

JAKARTA (IFT) – PT Bank Central Asia Tbk (BBCA) and PT Bank Mandiri Tbk will increase cash stock in their automatic teller machines (ATM) nearing Idul Fitri to anticipate a rise in cash transactions.(source)

INDONESIA - BANKING - Chairul Tanjung Withdraws from Betting on Bank Muamalat

Theindonesiatoday.com - Chairul Tanjung, owner of Trans Corporation/TransCorp), member of Para Group, has reportedly withdrawn from betting on acquiring PT Bank Muamalat Tbk, Detikfinance.com reported.

"From the result of due diligence, we consider to have a high risk (for acquiring Bank Muamalat)," he said but declined to comment on whether the price offer is expensive. (source)

INDONESIA - BANKING - Eight investors lining up for Bank Muamalat

REPUBLIKA.CO.ID, JAKARTA - Three investors have expressed its seriousness to Bank Indonesia to buy Bank Muamalat. Until now recorded eight investors who target a pioneer Islamic bank in his homeland.
Director of the Directorate of Islamic Banking, Mulya Siregar, said there are three local investors and foreign investors who are interested in five woo Muamalat. Three local investors that is Saratoga's Sandiaga Uno, The Group, led Chairul Tanjung, and Bank Mandiri. Meanwhile, five foreign investors is the Qatar Islamic Bank, OCBC Overseas, Standard Chartered, Bearing Bank, and Overseas Chinese Banking. "But until now the Muamalat has not dropped the option," he said on Wednesday (13 / 7). (source - google translate)

INDONESIA - BANKING - Chairul Tanjung and Sandiaga Uno Bet on Bank Muamalat

Theindonesiatoday.com - Two businessmen Chairul Tanjung and Sandiaga Uno are betting on acquiring PT Bank Muamalat Tbk. Also competing are PT Bank Mandiri Tbk (BMRI) and five foreign banks, Detikfinance.com reported.

Chairul Tanjung will bid Bank Muamalat through Para Group while Sandiaga Uno uses his investment arm PT Saratoga Investment Sedaya.

Mulya Siregar, director of syariah banking directorate, said those among five foreign banks interested to acquire Bank Muamalat are Qatar Islamic Bank, OCBC, Standard Chartered and ING Barings Bank. (source)

INDONESIA - BANKING - 8 investors express interest in Bank Muamalat shares

At least eight investors, including five foreign ones, have expressed their interest in purchasing 50 percent shares of Bank Muamalat, a major sharia bank in Indonesia.

Bank Indonesia deputy director for sharia banking Mulya Siregar said the interested investors included local-based Para Group, which belongs to business tycoon Chairul Tanjung; Saratoga Investama Sedaya, headed by noted businessman Sandiaga Uno; and the country's largest lender by assets, Bank Mandiri. (source)

BANKING - CIMB Niaga can become larger than Mandiri by 2016 - BRI might surpass Mandiri this year

JAKARTA (IFT) - According to the IFT Research Department, in the next five years, state-owned banks may face tough competition from private banks, whose majority stakes are controlled by foreign investors.

Assets growth in PT Bank CIMB Niaga Tbk (BNGA) and PT Bank Pan Indonesia Tbk (PNBN) in 2016 will surpass PT Bank Mandiri Tbk (BMRI) and PT Bank Central Asia Tbk (BBCA). This is reasonable as CIMB Niaga and Panin Bank recorded the highest average annual asset growth among ten largest banks in Indonesia. (full story - indonesia finance today)

FINANCE - Intraco gets $38.1m loans to refinance debts (Bank Mandiri Syariah)

JAKARTA: Intraco Penta, a company which trades and leases heavy equipment and related spare parts, secured Tuesday loans from Bank Mandiri and Bank Syariah Mandiri (BSM) worth US$38.1 million mostly to refinance the company’s debts, an executive says.

Mandiri’s director Sunarso said on Tuesday that Mandiri would disburse $23.4 million and the remaining $14.7 million loans will be provided by BSM.

RATING - Bank Mandiri Tbk.

PEFINDO affirmed the rating of “_idAAA” to PT Bank Mandiri (Persero) Tbk, (BMRI or the Bank) and “_idAA+” to its IDR3.5 trillion subordinated bond.  The outlook for these ratings is “stable.”  The ratings reflect strong support from the Government of Indonesia, the Bank’s superior market position, and improving asset quality performance.  However, the ratings are constrained by BMRI’s Net Interest Margin (NIM) which is slightly below average.