BANKING - Assets of Sharia banks penetrates to IDR100 trillion

JAKARTA: The assets of sharia banks has penetrated IDR100 trillion by the end of December 2010 or grew beyond the expected target at the beginning of the year.

Deputy Director of Sharia Banking Directorate Bank Indonesia Mulya Siregar said that the asset has grown significantly within a month at the end of last year.

"Sharia banking assets jumped IDR7 trillion in December from IDR93 trillion in November, which showed the improvement of Sharia banking performance," he said, yesterday.

FINANCIAL MARKETS - Mega Syariah issues IDR300 billion bond

JAKARTA: PT Bank Syariah Mega Indonesia plans to issue IDR300 billion bond to support the expansion of corporate financing this year.

Director of Bank Mega Syariah Beny Witjaksono said the bond issuance to be conducted in quarter II/2011.

Currently, he said, the company’s capital adequacy ratio (CAR) is still within secured area at 12.4%.

“We still have no plan to add the capital in first quarter but it is possible that we will conduct bond issuance in second quarter,” he told Bisnis, yesterday.