BANKING - BNI Intends to Cooperate with Korea's Hanwha Group (BNI Syariah)

Theindonesiatoday.com - PT Bank Negara Indonesia Tbk (BBNI) intends to propose a strategic cooperation with Hanwha Group, a business conglomerate from South Korea, Investor Daily reported this morning.

The cooperation will focus on some lines of business, including the prospect to become a strategic partner for BNI. (source)

BANKING - BNI to spin off BNI Syariah in 2012

JAKARTA (IFT) - Having sold 25 percent stake in PT BNI Securities, PT BNI Tbk (BBNI) plans to sell another subsidiary to a strategic partner in 2012. Gatot M Suwondo, Director of BNI, said that the company is considering releasing its shares in PT BNI Syariah. (full story)