www.bisnis.com - JAKARTA: The government sets a limit on issuance of Islamic Countries (SBSN) for project financing in 2013 amounted to R1, 0 billion.
Financial Notes and Draft Budget 2013, the government will seek to accelerate impementasi sukuk issuance to finance the project.
"For fiscal year 2013, the government set a maximum issuance SBSN Project Rp1, 0 trillion.
SBSN issuance limit is prepared for a period of 1 year budget, "the government said in a Memorandum of Finance and Budget 2013. (source)
Showing posts with label bisnis indonesia. Show all posts
Showing posts with label bisnis indonesia. Show all posts
Thursday, August 23, 2012
INDONESIA - MULTI FINANCE - Adira Dynamics boosts Syariah performance
www.bisnis.com - JAKARTA:
PT Adira Dinamika Multi Finance Tbk will boost the performance of
sharia units with a target can contribute up to 15% of the total
business in the next 2-3 years.
Willy Dharma Kelvin, President Director of Adira Dinamika Multi Finance (Adira Finance) said that Islamic finance is huge potential in Indonesia, because it has the largest Muslim population in the world.
"But there are still obstacles due to lack of education and socialization of Islamic finance to the public. For that we have a strategy to strengthen the education and promotion of Islamic finance," he said last week.
Subsidiary, PT Bank Danamon Indonesia Tbk has just set up a sharia units (UUS) in June. Through this new business unit, the company is able to do financing (joint financing) with some Islamic banks, including the parent company Danamon Syariah. (source)
Willy Dharma Kelvin, President Director of Adira Dinamika Multi Finance (Adira Finance) said that Islamic finance is huge potential in Indonesia, because it has the largest Muslim population in the world.
"But there are still obstacles due to lack of education and socialization of Islamic finance to the public. For that we have a strategy to strengthen the education and promotion of Islamic finance," he said last week.
Subsidiary, PT Bank Danamon Indonesia Tbk has just set up a sharia units (UUS) in June. Through this new business unit, the company is able to do financing (joint financing) with some Islamic banks, including the parent company Danamon Syariah. (source)
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)
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 - CAPITAL MARKETS - Dana Haji Sign Sukuk, Islamic Banking sluggish
www.bisnis.com - JAKARTA
- Bank Indonesia (BI) recorded growth of Islamic banking industry in
the first half of 2012 tend to be slower than growth at the end of
December 2012. The transfer of Sukuk to fund the pilgrimage to one of the trigger."The performance of Islamic banking is based on the record is still growing very little. I
see the industry to agree on this, "said Executive Director of the
Department of Banking Islamic Bank, Edy Setiadi, the talkshow reveals
the human resources crisis in Islamic Banking in Jakarta, today.He
said the slowdown in the growth of Islamic banking, one of which can be
seen from the growth of assets amounted to only 7.04 percent in the
period from January to July 2012 (year to date / ytd). That
means during the first half of 2012, growth has not reached half of the
total asset growth last year, amounting to 48.6 percent (ytd) during
setahunan. (source)
Monday, August 13, 2012
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)
Thursday, August 09, 2012
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)
Tuesday, August 07, 2012
INDONESIA - BANKING - Bank Mandiri Push BSM & BSHB Go Public
www.bisnis.com - JAKARTA: PT Bank Mandiri Tbk preparing to take off some shares in the subsidiary through an initial public offering as a consequence of regulatory restrictions on bank ownership.
Bank Mandiri president director Zulkifli Zaini said the actual regulatory restrictions on bank ownership of common stock in the corporation is not an issue because the government as largest shareholder is exempt from the rules.
However, he added, these rules affect the ownership of shares in Bank Mandiri Bank Syariah Mandiri (BSM) and Bank of Hope Sinar Bali (BSHB). (source)
Bank Mandiri president director Zulkifli Zaini said the actual regulatory restrictions on bank ownership of common stock in the corporation is not an issue because the government as largest shareholder is exempt from the rules.
However, he added, these rules affect the ownership of shares in Bank Mandiri Bank Syariah Mandiri (BSM) and Bank of Hope Sinar Bali (BSHB). (source)
Tuesday, July 31, 2012
INDONESIA - BANKING - BNI Syariah Distributes Funding Rp5, 86 Trillion
www.bisnis.com - SURABAYA: PT Bank BNI Syariah post the disbursement of funding 31% increase during the first half of 2012 which became Rp5, 866 trillion.
Director of Operations and Financial said BNI Syariah Junaidi Hisom third-party fund-raising achievement also increased from Rp 5 that is, 31 trillion at the end of 2011 to Rp 7, 25 trillion as of June 2012.
According to him, to switch to public awareness of Islamic finance products to boost the expansion of the bank involved. BI includes policy which only raised the mortgage down payment for conventional bank.
"It is not a significant impact but the impact is starting to look, even the majority of our funding absorption during the first half of 2012 are in the property sector," he said on the sidelines of fasting together with the orphans and the delivery of sweepstakes Light Rezeki Hasanah in Surabaya, today. (source)
Director of Operations and Financial said BNI Syariah Junaidi Hisom third-party fund-raising achievement also increased from Rp 5 that is, 31 trillion at the end of 2011 to Rp 7, 25 trillion as of June 2012.
According to him, to switch to public awareness of Islamic finance products to boost the expansion of the bank involved. BI includes policy which only raised the mortgage down payment for conventional bank.
"It is not a significant impact but the impact is starting to look, even the majority of our funding absorption during the first half of 2012 are in the property sector," he said on the sidelines of fasting together with the orphans and the delivery of sweepstakes Light Rezeki Hasanah in Surabaya, today. (source)
Saturday, July 28, 2012
INDONESIA - CAPITAL MARKETS - State Sukuk demand surged 64%
www.bisnis.com - JAKARTA: investor demand for securities in Islamic countries (SBSN) or a state known as sukuk was listed on the auction day Rp1, 99 trillion, up 64.25% from the previous auction is only Rp1, 22 trillion.
Data Directorate General of Debt Management, Ministry of Finance says investors sukuk many countries pursue the tenor of 6 years to reach Rp731 billion PBS001.
Furthermore, incoming requests for four other series that SPN-S 25012013, PBS002, PBS003, and PBS004 each of Rp341 billion, Rp291 billion, Rp106 billion and Rp150 billion. (source)
Data Directorate General of Debt Management, Ministry of Finance says investors sukuk many countries pursue the tenor of 6 years to reach Rp731 billion PBS001.
Furthermore, incoming requests for four other series that SPN-S 25012013, PBS002, PBS003, and PBS004 each of Rp341 billion, Rp291 billion, Rp106 billion and Rp150 billion. (source)
Wednesday, July 25, 2012
INDONESIA - BANKING - Bank Mega Syariah’s net profit jumps three folds on effective liquidity management
www.bisnis.com - JAKARTA: PT Bank Mega Syariah, a subsidiary of PT Bank Mega Tbk, earned
net profit of IDR119 billion in the period from January to June 2012,
increased more than three folds compared with the previous year of
IDR39.45 billion.
Beny Witjaksono, Managing Director of Bank Mega Syariah (BMS), said the increase in profits sustained by the expansion of funding and effective liquidity management so that the cost of funds can be suppressed.
"We have a strategy to hold the funding sources by keeping financing to deposit ratio/intermediation ratio[FDR] at 90% - 92%. It makes our profit grow well compared with last year when the FDR was at 80%," he told Bisnis, Wednesday (25/7/2012). (full story)
Beny Witjaksono, Managing Director of Bank Mega Syariah (BMS), said the increase in profits sustained by the expansion of funding and effective liquidity management so that the cost of funds can be suppressed.
"We have a strategy to hold the funding sources by keeping financing to deposit ratio/intermediation ratio[FDR] at 90% - 92%. It makes our profit grow well compared with last year when the FDR was at 80%," he told Bisnis, Wednesday (25/7/2012). (full story)
INDONESIA - BANKING - Pawn GOLD: Disbursement Danamon Syariah reach Rp154, 4 billion
www.bisnis.com - JAKARTA: The total disbursement of gold pawning business lines Sharia business unit of PT Bank Danamon Indonesia Tbk reached Rp154, 4 billion by June 2012 or grew 137% compared to the end of 2011 amounting to Rp65 billion.
Director of Islamic Banking Danamon said Herry Hykmanto surge financing through lines nisnis Gold Solution due to Danamon Syariah high demand by the public.
He describes the activities of the Islamic gold pawn is one solution for community groups who have difficulty accessing finance from banks.
"We will add branches to 150 branches from 141 in August held at this time. Branch will be scattered in Central Java, Bali, Batam and Tanjung Pinang," he said during a press conference today, Monday (07/23/2012). (source)
Director of Islamic Banking Danamon said Herry Hykmanto surge financing through lines nisnis Gold Solution due to Danamon Syariah high demand by the public.
He describes the activities of the Islamic gold pawn is one solution for community groups who have difficulty accessing finance from banks.
"We will add branches to 150 branches from 141 in August held at this time. Branch will be scattered in Central Java, Bali, Batam and Tanjung Pinang," he said during a press conference today, Monday (07/23/2012). (source)
INDONESIA - BANKING - HAJJ FUND drawn Affairs, Islamic Banking Performance immediately dropped
www.bisnis.com - JAKARTA:
Withdrawal of funds by the Ministry of Religious pilgrimage to be one
major factor weakening the performance of Islamic banking industry
during April.
A source of Business in an Islamic bank in the know said the weaker performance of Islamic banks because the funds withdrawn Hajj then transferred to the instrument sukuk
"It came out trillions and must be replaced to use low-cost funds. Well it difficult to pursue because of the retail savings, "he told Business this morning Wednesday (20/6). (full story)
A source of Business in an Islamic bank in the know said the weaker performance of Islamic banks because the funds withdrawn Hajj then transferred to the instrument sukuk
"It came out trillions and must be replaced to use low-cost funds. Well it difficult to pursue because of the retail savings, "he told Business this morning Wednesday (20/6). (full story)
Saturday, July 21, 2012
INDONESIA - BANKING - CIMB NIAGA SYARIAH Padang sued for Rp 2 billion damages
www.bisnis.com - PADANG:
Bank CIMB Niaga Syariah Pondok branch, city of Padang in West Sumatra
are required to pay compensation in the form immateril 2 billion by the
customers.
Rosman M (49), Eastern District of Rawang residents of South Padang, Padang, put these demands (in the form of reports) to the Consumer Dispute Settlement Body (BPSK) Padang.
Reports of consumer complaints numbered: 60/P3K/2012 dated July 12, 2012 the Secretariat received BPSK officer Padang, Nurmatias. (source)
Rosman M (49), Eastern District of Rawang residents of South Padang, Padang, put these demands (in the form of reports) to the Consumer Dispute Settlement Body (BPSK) Padang.
Reports of consumer complaints numbered: 60/P3K/2012 dated July 12, 2012 the Secretariat received BPSK officer Padang, Nurmatias. (source)
Friday, July 20, 2012
INDONESIA - BANKING - BRI SHARIA Release Wrapped Insurance Savings
www.bisnis.com - JAKARTA: PT Bank BRI Syariah with PT Bringin Life Insurance Welfare issued saving products wrapped in insurance.
The product is called Dream Savings BRISyariah iB is a personal term deposits with the system auto-debit payments each month with a fixed period of time.
Director of Bank BRI Syariah Moch. Hadi Santoso said the product will be launched in August. "With this product, customers will benefit from insurance protection," he said at a press conference after the signing of the cooperation between the two parties today, Thursday (19/07/2012). (source)
The product is called Dream Savings BRISyariah iB is a personal term deposits with the system auto-debit payments each month with a fixed period of time.
Director of Bank BRI Syariah Moch. Hadi Santoso said the product will be launched in August. "With this product, customers will benefit from insurance protection," he said at a press conference after the signing of the cooperation between the two parties today, Thursday (19/07/2012). (source)
Wednesday, July 18, 2012
INDONESIA - CAPITAL MARKETS - Government To Issue IDR42 Trilliion Bonds
www.bisnis.com - JAKARTA: The government projected the Government Bond issuance valued at
IDR42 trillion throughout semester II/2012 to cover state budget
deficit in 2012 which reached IDR190.8 trillion.
Ministry of Finance’s Debt Management Director General Rahmat Waluyanto said the government bond issuance realization with front loading strategy up to semester I/2012 has reached approximately 55% of the issuance target (gross) of IDR271 trillion.
Meanwhile, based on data from the Ministry of Finance, throughout the semester I/2012 government has scooped financing from government bond issuance amounting to IDR117.6 trillion or 73.68% of the 2012 revised state budget target of IDR159.6 trillion. (source)
Ministry of Finance’s Debt Management Director General Rahmat Waluyanto said the government bond issuance realization with front loading strategy up to semester I/2012 has reached approximately 55% of the issuance target (gross) of IDR271 trillion.
Meanwhile, based on data from the Ministry of Finance, throughout the semester I/2012 government has scooped financing from government bond issuance amounting to IDR117.6 trillion or 73.68% of the 2012 revised state budget target of IDR159.6 trillion. (source)
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