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)

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 - BANKING - Bank Danamon shariah unit to inject capital

www.kontan.co.id - JAKARTA. Bank Danamon Indonesia will increase its capital to Danamon Syariah worth Rp 344 billion, so that at the end of 2012 the total capital increased to Rp 500 billion. This cash infusion to maintain a capital adequacy ratio or capital adequacy ratio (CAR) at position 12%.Danamon Syariah this year targeting business growth of 30%. If no additional capital, the CAR at 12% level by the end of June 2012, could be eroded again. "Therefore, the holding company is committed to increase its capital to $ 344 billion. Was to maintain the CAR at this time," said Herry Hykmanto, Director of Danamon Syariah, a few days ago.  (source)

INDONESIA - BANKING - Add Shariah Capital PermataBank Rp 325 Billion

www.investor.co.id - JAKARTA - Bank Syariah business unit of gems, PermataBank Shariah, the capital increase amounting to Rp 325 billion in June 2012 from the parent company. "With the increase in financing activities, after the capital of Rp 445 billion and Rp 325 billion plus, and our capital about Rp 770 billion," said the Head of Syariah Business Unit gems K Achmad Permana in Jakarta, Friday.  (source)

WORLD - FINANCE - Barwa Bank offering three-year, capital protected Islamic notes

www.gulf-times.com - Barwa Bank is offering a “unique” Shariah-compliant three-year capital protected notes linked to the Turkey and Indonesia equity markets until June 21.
“The Turkey Indonesia Equity Capital Protected Note is an investment opportunity for investors seeking potentially higher returns with 100% capital protection.
The growth is based on the performance of a selected basket of stocks in two high growth emerging markets- Indonesia and Turkey. (source)

INDONESIA - BANKING - BSM posts net profit of rp193 bln in Q1

www.antaranews.com - Jakarta (ANTARA News) - Bank Syariah Mandiri (BSM), a sharia unit of Indonesia`s largest state lender Bank Mandiri, posted a net profit of Rp192.72 billion in the first quarter of 2012, up by 42.87 percent from a year earlier.

"The net profit hike was mainly contributed by margin income and profit sharing," the bank said in a press statement released here on Tuesday.

The bank`s margin income and profit sharing rose by 24.76 percent to Rp1.07 trillion in the year ended March 31, 2012 from Rp860 billion a year earlier, the statement said. (source)

INDONESIA - BANKING - Bank Syariah Mandiri to Rp 1 trillion of additional capital

www.bisnis.com - JAKARTA: PT Bank Syariah Mandiri (BSM) requires an additional capital of Rp1 trillion to strengthen its capital adequacy ratio is predicted to be eroded due to the expansion of high finance.

Yuslam Fauzi, Managing Director of Bank Syariah Mandiri, said the capital increase expected to be implemented towards the end of the year by two mechanisms, namely shots of PT Bank Mandiri Tbk as a holding company and the issuance of subordinated medium-term debt (subordinated notes).

"The need additional capital of Rp1 trillion and will be met 50%: 50% of capital injections and publishing," he told Business Today, Wednesday, April 18, 2012. (source)

INDONESIA - BANKING - Muamalat allocated Rp140 billion capex

www.bisnis.com - JAKARTA: Indonesia Tbk, PT Bank Muamalat allocate capital expenditure to Rp140 billion, which is intended for the expansion of branch network and automated teller machines.

Hendiarto, Director of Finance and Operations Bank Muamalat, said the company plans to add about 100 units and 525 units of the branch network of ATM machines during the year.

With these additions, the total office network Muamalat to reach 460 units and the ATM will amount to 1,000 units.  (source)

WORLD - PSIA should not form part of Islamic banks' capital, says Sudan central bank official

www.bt.com.bn - TREATING Profit-Sharing Investment Accounts (PSIA) as "deposit-like" products would expose Islamic banks to credit, market and operational risks, a general manager of the Central Bank of Sudan said here yesterday.

Dr Badreldin Gurashi Mustafa (pictured), the general manager of Banking System Regulation and Development, said that neither restricted nor unrestricted PSIA should form part of the bank's own capital, as outlined by international standard-setting body Islamic Financial Services Board (IFSB) on capital adequacy requirements for PSIA. (source)

INDONESIA - BANKING - CIMB Niaga Pumps $11 Million Into Shariah Unit

Bank CIMB Niaga, Indonesia’s fifth-largest lender, has injected Rp 100 billion ($11 million) into its Islamic banking subsidiary to increase its lending, it said in a statement on Thursday.

The new money brings CIMB Niaga Syariah’s capital to Rp 450 billion as of December, the statement added.  (source)

INDONESIA - BANKING - Injections Capital Bank Syariah Mandiri $ 300 Billion

REPUBLIKA.CO.ID, JAKARTA - Bank Syariah Mandiri (BSM) received an injection of capital of Rp 300 billion from Bank Mandiri. Capital injection is expected to strengthen the capital structure to support business expansion BSM.

"This move is also part of the child's growth strategy company that has strategic value to support the business development of Bank Mandiri in the provision of retail banking services with sharia-based market segments," said Director of Finance and Strategy of Bank Mandiri, Pahala N Mansury. (source)

INDONESIA - BANKING - Permata Syariah : Shariah unit need a capital injection of Rp200 billion

JAKARTA: The unit of PT Bank Permata Tbk, Bank Syariah gems will require additional capital amounting to Rp200 billion to stem its efforts to expand its business in the next year.

Head of Islamic Banking Jewel Ahmad K. Permana revealed will request additional capital at the end of this year.

"To add unnecessary capital subdebt, simply ask the parent alone, around 200 billion," he said, today. (source)

INDONESIA - BANKING - Contributions Still Small, Danamon Syariah Defer Spin Off Unit

REPUBLIKA.CO.ID, JAKARTA --- Contribution Sharia (UUS) Bank Danamon to total assets that is still relatively little still about 1 percent. Therefore, Bank Danamon have not implemented the separation (spin off) UUS of the parent bank in 2012.

Assets of Bank Danamon UUS only around Rp 1.3 trillion. While the Bank's total assets reached Rp 136 trillion. "We'll just see the potential for spin off," said Director of Bank Danamon, Henry Ho, Tuesday (25/10).  (source)

INDONESIA - BANKING - Bank Syariah Mandiri injected 200 billion

JAKARTA: PT Bank Syariah Mandiri soon get an injection of capital amounting to Rp200 billion from the holding company, to boost the capital adequacy ratio is greatly undermined by the rapid expansion financing.
 "We will provide additional capital of Rp 200 billion for the BSM in the near future. It is part of Rp900 billion, which they [BSM] wanted, "said Sunarso, Director of Commercial and Business Banking of Bank Mandiri, in Jakarta today. (source)

INDONESIA - BANKING - Mandiri Injects Sharia Unit Rp200 Billion and up to Rp 900 Billion possible

Theindonesiatoday.com - Bank Mandiri (BMRI), Indonesia's largest bank by assets, will soon injecting additional capital of Rp200 billion into its sharia business unit, PT Bank Syariah Mandiri (BSM).

Kontan.co.id reported the Rp200 billion is part of Rp900 billion capital injection asked by BSM. (source)

INDONESIA - BANKING - Danamon Syariah Exceed Rp 1.208 T

REPUBLIKA.CO.ID, JAKARTA - PT Bank Danamon Syariah recorded achievement amounted to Rp 1.208 trillion of assets on a business unit of sharia (UUS) Danamon Syariah. According to the Business Head of Danamon Sharia, Prayudha Moeljo, although growth is still below the target, Danamon Syariah assets at June 2011 is quite significant compared to June 2010 ie about 35 percent, from Rp 897 billion the previous position. (source)

INDONESIA - BANKING - Mandiri Injects More Capital into BSM in September Indonesia Breaking News theindonesiatoday.com

Bank Mandiri would still inject unit PT Bank Syariah Mandiri by September 2011 to support its fast growing business.

Pahala N Mansyuri, CFO of Bank Mandiri, told Detik.com Sunday (July 24), that the capital injection has been planned since early this year as part of the state bank's business plan. Mandiri plans to inject about Rp210 billion into BSM. (source)

BANKING - Panin Bank Infuses Capital to Panin Syariah

The capital injection of Panin Bank to Panin Syariah will increase its paid-up capital to Rp 480 billion. (IFT/DINUL MUBAROK)  

JAKARTA (IFT) – PT Pan Indonesia Bank Tbk (Panin Bank) will infuse a capital of Rp 300 billion to its subsidiary, PT Bank Panin Syariah (Panin Syariah) for business expansion in the second semester of 2011, said Roosniati Salihin, Vice President Director of Panin Bank.(full story)

CAPITAL MARKETS - Bank Muamalat to issue Rp 2 trillion next year

PT Bank Muamalat, Indonesia's is reported to have announced on Wednesday it planned to issue 1 trillion rupiah ($114.6 million) of sukuk in 2012 and would have added that it was considering raising up to 1 trillion rupiah in capital through a rights issue or sale of subordinated debt ($1=8,723 Rupiah)(full story)