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)

INDONESIA - FINANCE - Learn to Manage Funds Asbisindo Hajj from Malaysia

WWW.REPUBLIKA.CO.ID, JAKARTA - Indonesia Sharia Bank Association (Asbisindo) will have a meeting with bankers Malaysia. One issue to be discussed in this meeting is how Malaysian Islamic banks can manage the fund as a whole pilgrimage.

Designed by Asbisindo meeting will take place in early July. in addition to talking about the potential of Islamic banking in each country, this meeting will also discuss in depth about the tricks of Islamic banks of Malaysia entrusted to manage the fund pilgrimage. "We hope to explore what Malaysia can be placed in Islamic banks," said Chairman Asbisindo, Yuslam Fauzi, this weekend. (source)

INDONESIA - BANKING - Gold Pawn Islamic banks fell 12%

www.kontan.co.id - BANDUNG. Settling gold pawn business have a significant impact to the Islamic bank. See, during the first quarter of 2012, gold-backed financing qardh down 12% compared to the position in December 2011 (year to date / ytd). Worth only Rp 11.4 trillion, from Rp 13 trillion previously.
This shrinkage was significant because in previous periods, or before the application of new rules, pledge gold to grow around 15% - 20% per quarter.
Bank Indonesia (BI) is a new rule issued by the end of February 2012. But revamping the standard operating procedure (SOP) pawning gold has been going on since September 2011. (source)

SINGAPORE - BANKING - Mandiri Syariah opens up remittance services in Singapore

www.bisnis.com - JAKARTA: PT Bank Syariah Mandiri Indonesia launched the Transfer Funds For Beloved, a product delivery or remittance of money from Singapore to Indonesia.

In a Transfer of Funds for Indonesia Beloved (DUIT), Bank Syariah Mandiri (BSM) in collaboration with the Mass Express Pte, Ltd., sebuiah local remittance companies in Singapore.

Through this product, labor Indonesia (TKI) working in Singapore can send money to families in the homeland, which can be accepted at all bank branches and post office network, in just a few minutes.

In a press release received by Business, grand product launch was held in Singapore Indonesian School is located at Siglap Road, Singapore today.  (source)

INDONESIA - BANKING - BSM PROFIT surged 31.67% to Rp551, 07 billion

www.bisnis.com - JAKARTA: PT Bank Syariah Mandiri, Indonesia's largest Islamic bank, earned a net profit of Rp551, 07 billion at the end of 2011, an increase of 31.67% compared to 2010 which recorded Rp418, 52 billion.
 Yuslam Fauzi, Managing Director of Bank Syariah Mandiri (BSM), said the biggest contributor is the increase in net profit margin and revenue sharing is reached Rp3, 77 trillion, up 36.59% compared with 2010.
 "The increase in revenue margins and profit sharing along with the growth of financing to grow significantly by 53.26% to Rp36, 72 trillion, compared with the previous year Rp23, 96 trillion," he said in a press conference performance in 2011, today, Wednesday, April 18, 2012.  (source)

INDONESIA - BANKING - Gold Pawn Contribute Largest Fee Income Based BSM

WWW.REPUBLIKA.CO.ID, JAKARTA - Pawning gold became the largest contributor to fee-based income for the Bank Syariah Mandiri last in 2011. BSM closed the year with a record Rp 2.2 trillion for the pledge of gold.

But since Bank Indonesia imposed rules, pawn gold in BSM fell by half. As of April pawn value of gold that was left was Rp 1.3 trillion. "BI Directives require banks that have mortgage products to finance a maximum of gold fell $ 250 million," said Director of Financing for Small Micro BSM, Hanawijaya, told reporters on Wednesday (18/4).  (source)

INDONESIA - BANKING - BSM Serve DUIT Transfer of migrant workers abroad

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Syariah Mandiri (BSM) became the first Islamic bank in Indonesia to serve the delivery of outside money into the country by the Labor Indonesia (TKI). Until the end of 2011 BSM has received deposits of money from abroad by migrants worth Rp 2.1 trillion.
Director of Micro Financing Small BSM, Hanawijaya, this reveals a service called the Transfer of Funds to Indonesia Beloved (DUIT) is a form of new services for overseas workers who want to submit the results of his efforts in the Islamic shoreline, safe, and fast.  (source)

INDONESIA - FINANCE - Agricultural Sector Financing Company constrained core

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Syariah Mandiri (BSM) will increase the financing of the agricultural sector amounted to Rp 500 billion this year. With the addition, the financing of the agricultural sector is targeted to Rp 1.8 trillion.

Business Director of BSM, Hanawijaya, recognizes the addition of financing the agricultural sector was not aggressive. Because the distribution of financing to the agriculture was considered quite difficult. '' Up to Rp 500 billion that's already good. Because, we are hard core nyari company that became the guarantor of financing to farmers,'' said Hanawijaya. (source)

INDONESIA - AWARDS - BSM Wins The Best Islamic Bank

WWW.REPUBLIKA.CO.ID, JAKARTA-Bank Syariah Mandiri (BSM) was awarded the Best Islamic Bank in Indonesia 2011 from Islamic Finance News. The award was made in Kuala Lumpur, Malaysia, February 15, 2012.

Commissioner of BSM Mr. Achmad Marzuki, Director and Director BSM BSM Yuslam Fauzi Hanawijaya plans to attend the awards night. (source)

INDONESIA - PAWN BROKING - Bank Syariah Mandiri Businesses Pawn Gold Freeze

Jakarta - PT Bank Syariah Mandiri (BSM) has suspended the service while pawning his gold. Subsidiary of Bank Mandiri is no objection to the plan of Bank Indonesia (BI) to regulate the mortgage financing of gold.
"We support a plan to reorganize BI pawn gold. But financing-related restrictions, which I know BI has not been limited," said the Director of BSM Hanawijaya in Building Coordinating Minister for Economy, Bull Field, Jakarta, Tuesday (01/10/2012). (source)

INDONESIA - BANKING - 'Intervention' Foreign Competition Trigger Local Islamic Bank

REPUBLIKA.CO.ID, JAKARTA - Director of Bank Syariah Mandiri, Hanawijaya admit foreign investment in Islamic banking will lead to competition between banks. Foreign banks have a relatively large capital as well as high competence.

"We must prepare ourselves to face the challenges of the foreign banking investment," he said in Jakarta, Thursday (17/11). (source)

INDONESIA - BANKING - Mandiri Syariah and POS Indonesia working together for Islamic mortgages and pawn broking

JAKARTA: PT Bank Syariah Mandiri established cooperation with PT Pos Indonesia in the marketing of products and the opening of a special counter Islamic pawn.I Ketut Marjana, Managing Director of Pos Indonesia, said the signing of the cooperation with Bank Syariah Mandiri (BSM) was performed on October 2 in Denpasar, Bali.Cooperation was signed by I Ketut Marjana with Yuslam Fauzi as Director of BSM. "The implementation of such cooperation will begin in November," he said during a visit to the Business Editor, today. (source)

INDONESIA - BANKING - This is the reason BSM trims financing 2012

JAKARTA: PT Bank Syariah Mandiri only set a growth target of 25% financing in 2012, whereas growth in financing this year reached 40%.

Director of Retail Banking of Bank Syariah Mandiri (BSM) Hanawijaya said the realistic target of a possible slowdown in world economic growth triggered by the crisis Greece and the United States.  (source)

INDONESIA - MICRO FINANCE - Participate KUR, BSM Exceeds Target Distribution

REPUBLIKA.CO.ID, JAKARTA-Channeling People's Business Credit (KUR) Bank Syariah Mandiri (BSM) has exceeded the target set in 2011. The distribution of KUR reaches 106 percent of the target of Rp 550 billion on 23 September 2011.

"The distribution of KUR BSM is pretty good. We exceeded the target of this September, "said Director of Retail BSM Hanawijaya after a coordination meeting with Coordinating Minister for Economic Affairs, on Monday (3 / 10).  (source)

INDONESIA - BANKING - BNI Syariah eyes capital financing of IDR200billion from PLN Batam and BSM hits record financing August 2011

JAKARTA: PT Bank BNI Syariah seeks opportunity to provide working capital amounting to IDR200 billion for the state-owned PT PLN Batam in a guaranteed-financing program. Besides, the bank expects to gain fees from other partnership programs with the electricity company.

The sharia unit of the state-controlled PT Bank Negara Indonesia Tbk is targeting an income from the payment which is charged on deposits of newly upgraded electricity subscribers in Batam amounting to IDR150 billion. (source)

INDONESIA - GOLD - Bank Mandiri Syariah Affirm Make It Pawn Gold SOP

REPUBLIKA.CO.ID, JAKARTA - In order to address concerns that worry the central bank gold pawn business into its core business of banking, Islamic banking makes a number of standard operation procedure (SOP) in conducting business pawning gold.

According to Director of Retail Bank Syariah Mandiri (BSM), Hanawijaya, it had made ​​improvements to the SOP pawning gold. She said SOP pawning gold already outlined the current management began to plunge into this business some time ago. (source)

INDONESIA - BANKING - Financing BSM exceeds Rp 32 trillion

JAKARTA: PT Bank Syariah Mandiri recorded distribution of financing by the end of August 2011 amounting to Rp32, 89 trillion, an increase of 31.21% compared to the position at the end of 2010.

This was revealed by Hanawijaya, Director of Bank Syariah Mandiri (BSM) at the halal Islamic banking bihalal organized by the Association of Islamic Bank Indonesia, last week. (source)

INDONESIA - BANKING - Assets Mandiri Syriah exceed Rp 40 Trillion

Jakarta (16 / 9). Bank Syariah Mandiri (BSM) is an Islamic bank in recording the top leaders of Islamic banking assets among others. Imagine, until the end of August in the performance of its business records that BSM has exceeded the assets of Rp 40 trillion. Thus, BSM has a major contribution in developing a market share of Islamic banking in Indonesia. (source)

INDONESIA - BANKING - Growth of 3.4 Percent Sharia Industrial, Normal

REPUBLIKA.CO.ID, JAKARTA - Retail Banking Director of PT Bank Syariah Mandiri in Jakarta, Hanawijaya rate, the growth of sharia banking industry in 2011 reached 3.4 percent is quite normal. Because if forced to grow much more it is feared will undermine growth.
"If Islamic banks forced the industry to grow by five percent, it is feared would disrupt the wheels of growth which has been running," he said Thursday (25 / 8). (source)

INDONESIA - BANKING - KUR - KUR BSM customers amounted to 10 700

Jakarta (25 / 8). Even though only one Islamic bank designated by the government in channeling people's business credit (KUR), teryata customers KUR Bank Syariah Mandiri (BSM) is not far behind with other banks, where the current number of clients has reached 10,700 clients with financing average average Rp 50 million.

As for the focus of KUR financing, as long as this is the largest financing the agricultural sector, services and trade. (source)