INDONESIA - BANKING - 2013, Danamon Syariah Spin Off Plan

Jakarta (4 / 8) - Sharia (UUS) Bank Danamon plans to spin off into Sharia Commercial Banks in 2013. This was disclosed Danamon director Herry Hykmanto on the sidelines of the launch of Gold Solutions product in Jakarta, Wednesday (3 / 8).

Herry said that it did until now there has been targeting the UUS Danamon may spin off. However, the discussion continues to spin off done internally. At the end of the year are expected to have final discussions. (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)