INDONESIA - BANKING - BTPN ACQUISITION: For merged with Islamic unit

www.bisnis.com - JAKARTA: PT National Savings Bank Ltd. are considering acquiring a small bank which will be merged with Islamic business units.

Director of National Savings Bank (BTPN) Jerry Ng said the company is not ready to realize the plan this year, because the possibility of acquisition will be conducted in the coming year.

"Sharia yes, we want sharia developed. Apparently not this year. We'll see next year," he said on Thursday (28/06).  (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 - BTPN explore acquisition options Islamic bank

JAKARTA: PT Bank National Savings Pensioners Tbk plans to hold the acquisition of one bank to become a business unit of sharia.

Retired Director of the National Savings Bank (BTPN) Anika Faisal said the policy is in accordance with directives from Bank Indonesia to develop a business unit of sharia.

"BTPN explored a number of options to spin off business units focus on developing sharia with fixed mass market segment. One option is to explore the acquisition of the bank prepared to become Islamic banks," he told Business, this afternoon. (source)