INDONESIA - BANKING - Innovation and regulation boost Islamic banking

www.republika.co.id - JAKARTA – The development of Islamic bank asset is still rocketing in 2012, economic analyst, Euis Amalia, says. The increase is supported by the increasing public interest in Islamic banking products and the emerging of Islamic general bank (BUS).

The Islamic banking asset in 2011 entirely records 49 percent growth compared to 2010. The asset reaches 149 trillion IDR or four percent market share of national banking. (source)

INDONESIA - BANKING - Good News... Total Asset of Islamic Banking hikes!

WWW.REPUBLIKA.CO.ID, JAKARTA - Another good news comes from Indonesian Islamic finance sector, according to a report by central bank or Bank Indonesia (BI). Total asset of Islamic banking in Indonesia enjoys an increase up to 49 percent in the end 2011, compared to the same periode of 2010 or year over year (yoy).  (source)

INDONESIA - BANKING - BI grants permission for 2 new banks

REPUBLIKA.CO.ID, JAKARTA - Islamic Finance in early 2012 more enlivened by the presence of two new Islamic banks. Bank Indonesia (BI) issued a permit a business unit of sharia (UUS) and the People's Bank Financing the Sharia (SRB) in December 2011.

Regional Development Banks Jambi opened UUS UUS increase the number to 23 units. While the number to 155 by the presence of SRB SRB Light Living in Yogyakarta. (source)

INDONESIA - BANKING - Establish SRB Tangsel City Government in 2012

Tangerang (1 / 12) - In an effort to help the Micro, Small and Medium Enterprises (SMEs) in South Tangerang (Tangsel), the local city government will establish Sharia Rural Bank (SRB). "SRB's municipal government will be realized in late 2012 or early 2013 at the latest. Now in the assessment phase," said Oting Ruhiyat, Chief Investment Office of the South Tangerang on the sidelines of the Seminar and Conference 2012 Regional Employment Indonesia Sharia Bank Association (ASBISINDO) in Jakarta, Thursday (1 / 12).  (source)

INDONESIA - BANKING - Increase Competitiveness, SRB Apex Company Must Have

Jakarta, (25/11) - Sharia Rural Bank (SRB) is still considered difficult to compete with conventional BPR. Lack of synergy between the SRB with the Islamic Bank is one factor. "Spirit should unite owned by Islamic banking. Including the spirit of cooperation with the SRB, "said Riawan Amin, Chairman of the Association of Islamic Bank Indonesia in Jakarta, Wednesday (23/11).

He expressed the spirit of cooperation that can be applied in a linked program between Islamic banks with SRB. Islamic banks should be able to empower the SRB to the fullest.  (source)

INDONESIA - MICRO FINANCE - Micro Financing is Increasingly Popular in Indonesia

Jakarta, (15/11). Micro financing is now increasingly popular in Indonesian banking system. Some of the Indonesian banks are now establishing micro financing business unit. Micro financing is supported by the Indonesian government as well, by implementing the program Kredit Usaha Rakyat (KUR)/microfinancing for people in need. (source)

INDONESIA - BANKING - BI: Sharia Banking Assets Rp 129 Trillion

JAKARTA - The total assets of Islamic banking to mid-November 2011 reached Rp 129 trillion, up from the end of 2008 amounting to Rp 49.6 trillion."The total assets of Islamic banking by September 2011 reached Rp 126.4 trillion, and data that I received this morning reached Rp 129 trillion," said Director of the Directorate of Islamic Banking BI, Mulya Siregar, said here on Wednesday.  (source)

INDONESIA - BANKING - Bank Saudara Acquisition Plan SRB

JAKARTA - PT Bank Saudara  (SDRA) develop sharia business by setting up a fund of Rp 5 billion to acquire three sharia rural banks (BPRS).

"Hopefully, all the processes related to acquisitions completed by the end of 2011," said Director of Business SDRA, Denny N Mahmuradi here on Wednesday.  (source)

INDONESIA - BANKING - Sharia banking industry sees 46.55% rise in assets

JAKARTA: Sharia-based banking industry in Indonesia had its total assets increase 46.55% at end-September from a year ago. Total assets grew to IDR126 trillion from IDR85.97 trillion at end of September 2010.

The figure consists of IDR123 trillion from full-fledged Sharia General Banks (BUS) and Sharia Business Units (UUS), IDR3 trillion from Sharia Credit Banks (BPRS), said Bank Indonesia Director Mulya Siregar.  (source)

INDONESIA - BANKING - Sharia banking industry sees 46.55% rise in assets

en.bisnis.com - JAKARTA: Sharia-based banking industry in Indonesia had its total assets increase 46.55% at end-September from a year ago. Total assets grew to IDR126 trillion from IDR85.97 trillion at end of September 2010.

The figure consists of IDR123 trillion from full-fledged Sharia General Banks (BUS) and Sharia Business Units (UUS), IDR3 trillion from Sharia Credit Banks (BPRS), said Bank Indonesia Director Mulya Siregar. (source)