www.thejakartaglobe.com - Bank Mandiri, the country’s largest lender by assets, is considering an
initial public offering next year for its Islamic unit, Bank Syariah
Mandiri, a top executive has said.
Sunarso, a commercial
director of Bank Mandiri, said on Thursday that the preparations for the
offering were under way and the IPO was likely for next year.
“The preparations for the share sale, still have to be completed first but I don’t think it will take too long,” he said.
“We want the IPO to help strengthen the capital [of Bank Syariah Mandiri] .” (source)
Showing posts with label banking. Show all posts
Showing posts with label banking. Show all posts
Sunday, August 26, 2012
Monday, August 20, 2012
INDONESIA - BANKING - BI to Apply Minimum Down Payment Regulation to Islamic Banks
www.bisnis.com - JAKARTA: After a minimum down payment credit policy applied to
conventional banks and multifinance since mid-June, Bank Indonesia will
ensure to apply similar regulation to Islamic banking.
Bank Indonesia (BI) Islamic Banking Department Executive Director Edy Setiadi said the preparation of minimum down payment regulation for Islamic Bank needs more time because this type of bank has limited data resources compared to conventional banks.
"The principle is BI also has to make similar regulation for Islamic banks," he said yesterday (8/13). (source)
Bank Indonesia (BI) Islamic Banking Department Executive Director Edy Setiadi said the preparation of minimum down payment regulation for Islamic Bank needs more time because this type of bank has limited data resources compared to conventional banks.
"The principle is BI also has to make similar regulation for Islamic banks," he said yesterday (8/13). (source)
INDONESIA - BANKING - BRI Syariah Yogyakarta pedal boot Third Party Funds
www.bisnis.com - SEMARANG: PT Bank Rakyat Indonesia (BRI) Sharia Yogyakarta branch of third-party fund-raising boost by lowering intermediation ratio is relatively high.
Halomoan Marpaung, BRI Syariah Yogyakarta Branch, said one of his side during the concentration task this year is to reduce the ratio of intermediation (financing to deposit ratio / FDR), which has penetrated 123.3% at the end of July.
He explained the reduction in the FDR will be pursued with increasing third-party funds (DPK), especially on savings and current accounts.
"As for our focus on retail deposits or individuals," he told Business Sunday (19/08/2012). (source)
Halomoan Marpaung, BRI Syariah Yogyakarta Branch, said one of his side during the concentration task this year is to reduce the ratio of intermediation (financing to deposit ratio / FDR), which has penetrated 123.3% at the end of July.
He explained the reduction in the FDR will be pursued with increasing third-party funds (DPK), especially on savings and current accounts.
"As for our focus on retail deposits or individuals," he told Business Sunday (19/08/2012). (source)
INDONESIA - BANKING - BRI Syariah Yogyakarta Prepare ATM Shuttle Service Fund
www.bisnis.com - SEMARANG: PT Bank Rakyat Indonesia Yogyakarta Branch Sharia fund operates shuttle service (pick up service) during Ramadhan break to ease customer deposit funds into the bank.
Halomoan Marpaung, BRI Syariah Yogyakarta Branch, explaining the fund shuttle services performed by the Branch Office (KCP) Bantul.
"This service is provided to adjust the prime customer transactions at the time of Eid is predicted to experience a surge," he told Business Sunday (19/08/2012). (source)
Halomoan Marpaung, BRI Syariah Yogyakarta Branch, explaining the fund shuttle services performed by the Branch Office (KCP) Bantul.
"This service is provided to adjust the prime customer transactions at the time of Eid is predicted to experience a surge," he told Business Sunday (19/08/2012). (source)
INDONESIA - REGULATIONS - BI: Bank Syariah Not Treated Special
www.bisnis.com - JAKARTA: Bank Indonesia said it was reviewing the amount of loan to value for the rule of Islamic banking.
Governor of Bank Indonesia (BI) Nasution said the provisions of loan to value (LTV) sharia should not be treated differently from the conventional banking regulations.
"Yes, it should be one of the main reasons it is actually that there be no arbitrage, do not then there is a difference. Should have the same direction. However, whether the latter [the amount] exactly the same, or how, we'll examine is," he said after a ceremony Aug. 17 in the BI, today (17/08/2012). (source)
Governor of Bank Indonesia (BI) Nasution said the provisions of loan to value (LTV) sharia should not be treated differently from the conventional banking regulations.
"Yes, it should be one of the main reasons it is actually that there be no arbitrage, do not then there is a difference. Should have the same direction. However, whether the latter [the amount] exactly the same, or how, we'll examine is," he said after a ceremony Aug. 17 in the BI, today (17/08/2012). (source)
INDONESIA - FOREIGN - Affin up on Bank Muamalat Malaysia stake buy talks
www.btimes.com.my -KUALA LUMPUR: Affin Holdings Bhd, Malaysia’s smallest banking group by
market value, rallied the most in a month after obtaining central bank
approval to start talks to buy a stake in the country’s second-oldest
Islamic bank.
The stock advanced as much as 2.3 per cent in Kuala Lumpur trading to RM3.56. It pared gains to RM3.54 at 11:50am, poised for its steepest increase since July 18. It was the second-biggest increase in the Bursa Malaysia Finance Index, which climbed 0.3 per cent.
Acquiring a stake in Bank Muamalat Malaysia Bhd may increase Affin’s scale and help strengthen its position in the Southeast Asian nation’s Islamic banking industry, according to a brokerage report by Alliance Financial Group Bhd today. Bank Muamalat was formed in 1999, the second full-fledged Islamic bank set up in the country after Bank Islam Malaysia Bhd. (source)
The stock advanced as much as 2.3 per cent in Kuala Lumpur trading to RM3.56. It pared gains to RM3.54 at 11:50am, poised for its steepest increase since July 18. It was the second-biggest increase in the Bursa Malaysia Finance Index, which climbed 0.3 per cent.
Acquiring a stake in Bank Muamalat Malaysia Bhd may increase Affin’s scale and help strengthen its position in the Southeast Asian nation’s Islamic banking industry, according to a brokerage report by Alliance Financial Group Bhd today. Bank Muamalat was formed in 1999, the second full-fledged Islamic bank set up in the country after Bank Islam Malaysia Bhd. (source)
Wednesday, August 15, 2012
INDONESIA - BANKING - Distributes Funding BSM Rp39, 93 trillion
www.investor.co.id - JAKARTA-Bank
Syariah Mandiri (BSM) financing channel for Rp39, 93 trillion by the
end of June 2012, up 32.85 percent over the same period in 2011
amounting to Rp30, 06 trillion.
"Financing is a source of income for margins and results of the largest profit contributor," said Managing Director of BSM Yuslam Fauzi current events and breaking fast gathering together in Jakarta, Monday (13/8).
BSM said Yuslam financing micro business sector focuses on small and medium enterprises (SMEs) which occupies a portion of 73.34 percent, while the share of corporate financing amounted to only 26.66 percent.
"In the previous period, the portion of the financing is greater to the corporation, but the current and future we will pay more attention to SMEs," he said. (source)
"Financing is a source of income for margins and results of the largest profit contributor," said Managing Director of BSM Yuslam Fauzi current events and breaking fast gathering together in Jakarta, Monday (13/8).
BSM said Yuslam financing micro business sector focuses on small and medium enterprises (SMEs) which occupies a portion of 73.34 percent, while the share of corporate financing amounted to only 26.66 percent.
"In the previous period, the portion of the financing is greater to the corporation, but the current and future we will pay more attention to SMEs," he said. (source)
INDONESIA - BANKING - Syariah Mandiri Bank Profit Up 47%
www.investor.co.id - JAKARTA
- PT Bank Syariah Mandiri (BSM) recorded a net profit of Rp 396.84
billion in the first half of 2012, growing 47% over the same period last
year valued at Rp 270 billion. Margin and revenue sharing to be the largest contributor to the increase in net income.
Director of Finance BSM Fanani Zainal said the revenue and margin for the BSM at the end of June 2012 reached Rp 2.24 trillion, up 24.81% over the same period last year amounted to Rp 1.79 trillion. "Our financing is channeled up 32.85% from Rp 30.06 trillion to Rp 39.93 trillion," Zainal said at a press conference at Wisma exposure to the performance of BSM Mandiri, Jakarta, Monday (13/8). (source)
Director of Finance BSM Fanani Zainal said the revenue and margin for the BSM at the end of June 2012 reached Rp 2.24 trillion, up 24.81% over the same period last year amounted to Rp 1.79 trillion. "Our financing is channeled up 32.85% from Rp 30.06 trillion to Rp 39.93 trillion," Zainal said at a press conference at Wisma exposure to the performance of BSM Mandiri, Jakarta, Monday (13/8). (source)
Tuesday, August 14, 2012
INDONESIA - REGULATONS - BANK INDONESIA to issue new loan to value ratio for Islamic Banks
www.bisnis.com - JAKARTA: Bank Indonesia will release a regulation to limit ratio of
credit value that bank can be provided to maximum collateral. The
regulation will be imposed to Islamic Banking industry as part of
microprudential policy.
Loan to value ratio might be applicable this year, said Executive Director of Bank Indonesia's Islamic Banking Department Edy Setiadi.
"Since the first rule was out for a conventional bank, BI principle should also be set up for Islamic banks however time and date are still unclear," he said on Monday (8/13/2012). (source)
Loan to value ratio might be applicable this year, said Executive Director of Bank Indonesia's Islamic Banking Department Edy Setiadi.
"Since the first rule was out for a conventional bank, BI principle should also be set up for Islamic banks however time and date are still unclear," he said on Monday (8/13/2012). (source)
INDONESIA - BANKING - Shariah Included in Indonesian Bank Rule
www.thejakartaglobe.com - The country’s central bank will soon issue a regulation requiring
Shariah banks to toughen down payments on housing and automotive loans, a
deputy governor said on Sunday.
The requirement will be similar to the implementation of the loan-to-value level applied to conventional lenders for housing and vehicle loans issued on March 15 and took effect on June 15.
Under the new regulation, down payments of 25 percent for two-wheeled vehicles are required and 30 percent for four-wheeled vehicles. There were no rules before, but sellers often asked for about 15 percent. Loans typically account for 70 percent of car purchases in Indonesia.
Shariah lenders were excluded from the regulation as in Islamic finance, lending does not require down payments. (source)
The requirement will be similar to the implementation of the loan-to-value level applied to conventional lenders for housing and vehicle loans issued on March 15 and took effect on June 15.
Under the new regulation, down payments of 25 percent for two-wheeled vehicles are required and 30 percent for four-wheeled vehicles. There were no rules before, but sellers often asked for about 15 percent. Loans typically account for 70 percent of car purchases in Indonesia.
Shariah lenders were excluded from the regulation as in Islamic finance, lending does not require down payments. (source)
INDONESIA - BANKING - Foreign Banks Facing Paid-Up Capital Rule From Indonesian Government
www.thejakartaglobe.com -The central bank plans to impose a regulation on
foreign lenders operating branch offices here that will require them to
meet a similar minimum paid-up capital sum that locally incorporated
lenders must pay.
Indonesia allows foreign lenders to operate branch offices here without establishing a locally incorporated company, a policy often criticized by local lenders as paving the way for unfair competition and increased risk for Indonesian deposit holders.
Halim Alamsyah, a deputy governor at Bank Indonesia, said the minimum paid-up capital requirement for local banks — currently set at Rp 3 trillion ($318 million) for the establishment of a new conventional bank — would be applied in some form to foreign branch operators as well. (source)
Indonesia allows foreign lenders to operate branch offices here without establishing a locally incorporated company, a policy often criticized by local lenders as paving the way for unfair competition and increased risk for Indonesian deposit holders.
Halim Alamsyah, a deputy governor at Bank Indonesia, said the minimum paid-up capital requirement for local banks — currently set at Rp 3 trillion ($318 million) for the establishment of a new conventional bank — would be applied in some form to foreign branch operators as well. (source)
Monday, August 13, 2012
INDONESIA - BANKING - Gold Pawn Islamic banks still shining
www.kontan.co.id - JAKARTA. After a three-month slide, gold pawn restriction rules taking effect for the Islamic banking industry. Bank with a portfolio of gold pawn is too high, posting a decline in financing during the first half of 2012. Meanwhile, a new Islamic bank in business, enjoying a fantastic surge in financing nan.
BRI Syariah, BNI Syariah, and Bank Syariah Mandiri, including a slowdown. In addition to their gold financing business was suspended, the three largest Islamic bank is also no longer jor-rod. According beleid BI, bank financing may only deliver a maximum of 20% gold of the total financing or a maximum of 150% of bank capital. (source)
BRI Syariah, BNI Syariah, and Bank Syariah Mandiri, including a slowdown. In addition to their gold financing business was suspended, the three largest Islamic bank is also no longer jor-rod. According beleid BI, bank financing may only deliver a maximum of 20% gold of the total financing or a maximum of 150% of bank capital. (source)
INDONESIA - BANKING - ISLAMIC BUKOPIN: cash management services strengthened
www.bisnis.com - JAKARTA: PT Bank Syariah Bukopin will strengthen fund management services or cash management by targeting the addition of 10 partner companies, to develop third-party funds and commission-based income.
Riyanto, Managing Director of Bank Syariah Bukopin (BSB), said the company does not target too many in the development of cash management services because it takes time for their implementation.
"In a cash management service that takes time for their implementation. But we are targeting to add 10 more in the company's cash management services, "he said in the opening ceremony together with the mass media, Thursday (09/08/2012). (source)
Riyanto, Managing Director of Bank Syariah Bukopin (BSB), said the company does not target too many in the development of cash management services because it takes time for their implementation.
"In a cash management service that takes time for their implementation. But we are targeting to add 10 more in the company's cash management services, "he said in the opening ceremony together with the mass media, Thursday (09/08/2012). (source)
INDONESIA - BANKING - BNI Syariah Involve dish 10 000 Customer Feedback Orphan
www.bisnis.com - JAKARTA, PT Bank Negara Indonesia Sharia provide iftar mealsfor 10,000 orphans and the orphans through the Share Open Hasanah.
"Sharing Program Open Hasanah involve customers. By opening a savings or top up Hasanah iB iB Savings Tapenas then to give my customers a meal break for orphans and duafa, "said Imam T. Saptono, Business Director of Islamic Bank Negara Indonesia (BNI Syariah) in a press release received by Business Saturday (11/8 ).
According to Imam, a program that was held since 10 July to 6 August 2012, received a positive response from people all over Indonesia. The Company initially targeting 10 000 iftar meals in 49 branches, but its realization may exceed expectations by as much as 10 752 packets collected food for the orphans and duafa. (source)
"Sharing Program Open Hasanah involve customers. By opening a savings or top up Hasanah iB iB Savings Tapenas then to give my customers a meal break for orphans and duafa, "said Imam T. Saptono, Business Director of Islamic Bank Negara Indonesia (BNI Syariah) in a press release received by Business Saturday (11/8 ).
According to Imam, a program that was held since 10 July to 6 August 2012, received a positive response from people all over Indonesia. The Company initially targeting 10 000 iftar meals in 49 branches, but its realization may exceed expectations by as much as 10 752 packets collected food for the orphans and duafa. (source)
INDONESIA - BANKING - Bank Syariah Mandiri ready for IPO in 2014
www.kontan.co.id - JAKARTA. PT Bank Syariah Mandiri (BSM) is ready to take the floor at the Indonesia Stock Exchange (BEI). Managing Director of BSM Yuslam Fauzi said, the release of BSM is reviewing options IPO (IPO) in 2014.
"Everything is in the process," he said when met at the Bapepam-LK, Thursday (9/8). He said the IPO scheme is the domain of the majority shareholder of PT Bank Mandiri Tbk (BMRI).
"BSM is ready to go public. Moreover, if the parent is thinking at this time," he explained. (source)
"Everything is in the process," he said when met at the Bapepam-LK, Thursday (9/8). He said the IPO scheme is the domain of the majority shareholder of PT Bank Mandiri Tbk (BMRI).
"BSM is ready to go public. Moreover, if the parent is thinking at this time," he explained. (source)
INDONESIA - BANKING - BRI Syariah focus on small economy
www.investor.co.id - JAKARTA-Bank intends to encourage BRISyariah lower middle-class economy with a range of services according to customers' needs.
"We want to always lift the economy down people by supporting their efforts in order to grow," said Director of PT. Bank BRISyariah Moch. Hadi Santoso, BRISyariah Headquarters, Jakarta, Thursday (9/8).
Hadi explained that it had teamed up to deliver small loans to cooperatives and BMT are spread throughout Indonesia.
He admitted that in a way that facilitates SMEs to manage their funds either in the form of deposits or loans. (source)
"We want to always lift the economy down people by supporting their efforts in order to grow," said Director of PT. Bank BRISyariah Moch. Hadi Santoso, BRISyariah Headquarters, Jakarta, Thursday (9/8).
Hadi explained that it had teamed up to deliver small loans to cooperatives and BMT are spread throughout Indonesia.
He admitted that in a way that facilitates SMEs to manage their funds either in the form of deposits or loans. (source)
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)
"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)
Thursday, August 09, 2012
INDONESIA - REGULATIONS - OJK Shariah Committee at the level of Commissioners
WWW.REPUBLIKA.CO.ID, JAKARTA - The Committee to integrate Islamic sharia units in each commissioner shall be at the same level with the commissioner. It is intended that sharia be the same priority as other conventional financial institutions.
Deputy Treasurer of the Indonesian Ulema Council (MUI), Nadratuzzaman Hosen, said although sharia is not mentioned in the OJK law, this system still can not be forgotten. By establishing a unit in each directorate and the integrating committee, will continue to develop sharia assessed.
"OJK could establish its own policy on a proposal by the commissioner," said Hosen, Wednesday (8/8). (source)
Deputy Treasurer of the Indonesian Ulema Council (MUI), Nadratuzzaman Hosen, said although sharia is not mentioned in the OJK law, this system still can not be forgotten. By establishing a unit in each directorate and the integrating committee, will continue to develop sharia assessed.
"OJK could establish its own policy on a proposal by the commissioner," said Hosen, Wednesday (8/8). (source)
INDONESIA - BANKING - BSM motor vehicle financing stagnant
www.bisnis.com - JAKARTA: PT Bank Syariah Mandiri not experience an increase in the distribution of syariah-based financing of motor vehicles to the company's multi-since last June.
Director of Microfinance & Small Hanawijaya BSM said before the company can provide financing facilities to multi-Islamic berskema conventional, both of which have a business unit of sharia (UUS) and do not have UUS.
However, he added, since the minimum down payment regulations applicable to conventional auto financing business, not an increase in financing for multi-channeling berskema sharia. (source)
Director of Microfinance & Small Hanawijaya BSM said before the company can provide financing facilities to multi-Islamic berskema conventional, both of which have a business unit of sharia (UUS) and do not have UUS.
However, he added, since the minimum down payment regulations applicable to conventional auto financing business, not an increase in financing for multi-channeling berskema sharia. (source)
INDONESIA - BANKING - Sharia will PermataBank Fund in Car Segment
www.investor.co.id - JAKARTA-Islamic
PermataBank will do the financing on four-wheeled motor vehicle segment
starting second semester of 2012 because it saw an opportunity in that
segment.
"So far we have only done two-wheeler financing. Perhaps this second half we got into a four-wheel because we see there are opportunities there," said Chief Syariah PermataBank, Ahmad K Permana in Jakarta, Wednesday (8/8).
He said the motor vehicle financing done in collaboration with PT Astra International Tbk. Astra has been preparing for Islamic financing schemes for its clients. (source)
"So far we have only done two-wheeler financing. Perhaps this second half we got into a four-wheel because we see there are opportunities there," said Chief Syariah PermataBank, Ahmad K Permana in Jakarta, Wednesday (8/8).
He said the motor vehicle financing done in collaboration with PT Astra International Tbk. Astra has been preparing for Islamic financing schemes for its clients. (source)
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