INDONESIA - FINANCE - BRI Syariah - Indonesian Ministry's Houses for Poor Will Cost Rp 70m

www.thejakartaglobe.com - The Ministry of Public Housing has pledged to build 12,000 homes that will retail for less than Rp 70 million ($7,700) in underdeveloped areas across Indonesia, according to a memorandum of understanding signed with the Ministry for Underdeveloped Areas this week.

“Based on the budget available, the Housing Ministry will build 60,000 homes in 2012 and some of it will be earmarked for underdeveloped areas. But the figure is still far from [Indonesia’s] housing needs of 4.8 million units,” Public Housing Minister Djan Faridz said on Tuesday.  (source)

INDONESIA - BANKING - End of September, BNI Syariah Kuangan Performance Increases

Jakarta (27/10) - PT Bank Negara Indonesia (BNI) Syariah showed positive performance through September 2011. Compared to September 2010, recorded profit after tax increased 963.90% to the value reached Rp97, 447 billion.BNI Syariah also recorded a rise in the financing of Rp1, 883 billion or 57.86 percent of Rp3, 255 in September 2010 to Rp 5, 138 in September 2011. While the Special Fund recorded an increase of 23.72%. While the total assets of the company on September 30, recorded at Rp7, 358 trillion, up 20.87 percent compared to same period the previous year (year on year) amounting to Rp 6.088 trillion.  (source)

INDONESIA - BANKING - Consumer Financing in BRI Syariah Dominate

REPUBLIKA.CO.ID, JAKARTA --- Financing for consumer financing portfolio is still dominating in BRISyariah. Distribution of consumer financing until September 2011 this had reached Rp 3.5 trillion.

Of portfolio financing of Rp 8 trillion, the portion of consumer finance to more than 40 percent. It is still dominated by the Home Ownership Financing (PPR) with a share around 40 percent. "We temporarily focus on housing finance," said Director of Retail BRI Syariah, Khaerullah, yesterday.  (source)

INDONESIA - BANKING - BNI Griya iB Hasanah, Make Your House Have a Dream

Jakarta (4 / 10) - Having your own home is probably one of the dreams of every individual, especially for those who have a family. However, in reality the dream is not easy.

Is Griya iB Hasanah, a Home Ownership Loan products (mortgages) from Bank Negara Indonesia (BNI) Sharia are present in society and ready to help realize the dream of dreams of a good house.  (source)

INDONESIA - BANKING - 2012, Bank Permata Syariah Target Market Increase Five Percent

REPUBLIKA.CO.ID, JAKARTA - sharia business unit (UUS) Bank Permata, Permata Syariah Bank, target of sharia would gain market share by five per cent of the country in 2012. Currently, the total market share of 3.4 per cent of Islamic banking, Bank Permata Syariah still has a minimal contribution by two percent.

According to the Head of Bank Permata Syariah, Ahmad K Permana, Permata Syariah Bank will develop business on all fronts. Bank Permata Syariah During this new focus on consumer businesses such as financing vehicles. (source)

INDONESIA - FINANCE - Housing credit dominates BNI Syariah financing

Jakarta (10 / 8) - Funding for Public Housing Loan (mortgage) contributes at most, approximately 60 percent of the total financing by Bank Negara Indonesia (BNI) Sharia. Financing is, until the first half of 2011 reached Rp 2 trillion.

Division Manager of Network Strategy and Financing BNI Syariah, Achmad Basuki, said BNI Syariah have targeted mortgage financing is reached Rp 2.3 trillion by the end of 2011. '''That leaves $ 300 billion again,''he said.  (source)