INDONESIA - BANKING - Bank Mandiri’s Shariah Unit Plans IPO

www.thejakartaglobe.com - Bank Mandiri, the country’s largest lender by assets, is considering an initial public offering next year for its Islamic unit, Bank Syariah Mandiri, a top executive has said.

Sunarso, a commercial director of Bank Mandiri, said on Thursday that the preparations for the offering were under way and the IPO was likely for next year.

“The preparations for the share sale, still have to be completed first but I don’t think it will take too long,” he said.

“We want the IPO to help strengthen the capital [of Bank Syariah Mandiri] .”   (source)

INDONESIA - BANKING - Bank Syariah Mandiri ready for IPO in 2014

www.kontan.co.id - JAKARTA. PT Bank Syariah Mandiri (BSM) is ready to take the floor at the Indonesia Stock Exchange (BEI). Managing Director of BSM Yuslam Fauzi said, the release of BSM is reviewing options IPO (IPO) in 2014.

"Everything is in the process," he said when met at the Bapepam-​​LK, Thursday (9/8). He said the IPO scheme is the domain of the majority shareholder of PT Bank Mandiri Tbk (BMRI).

"BSM is ready to go public. Moreover, if the parent is thinking at this time," he explained. (source)

INDONESIA - BANKING - Bank Mandiri Push BSM & BSHB Go Public

www.bisnis.com - JAKARTA: PT Bank Mandiri Tbk preparing to take off some shares in the subsidiary through an initial public offering as a consequence of regulatory restrictions on bank ownership.

Bank Mandiri president director Zulkifli Zaini said the actual regulatory restrictions on bank ownership of common stock in the corporation is not an issue because the government as largest shareholder is exempt from the rules.

However, he added, these rules affect the ownership of shares in Bank Mandiri Bank Syariah Mandiri (BSM) and Bank of Hope Sinar Bali (BSHB).  (source)

INDONESIA - BANKING - BANK JATIM IPO latest in June

www.bisnis.com - JAKARTA: PT Bank of East Java Regional Development Bank will host the inaugural release of shares by the end of June 2012.

Rudie Hardiono, Company Secretary Bank of East Java, said the company used an audit of financial statements in the plan in December 2011 initial public offering (IPO) this year.

"Because we use financial statements in December 2011, the IPO will be implemented no later than the end of June 2012," he said when confirmed Business, Wednesday, March 21, 2012.  (source)

INDONESIA - BANKING - Ready for IPO, Bank of East Java Capital Unit Will Add Shariah

REPUBLIKA.CO.ID, JAKARTA - Bank of East Java plans to raise capital for a business unit of sharia (UUS) to $ 500 billion in stages.

The capital will be added after the Bank of East Java is able to absorb the funds through an Initial Public Offering (IPO) with the indicative target of Rp 1 trillion. (source)

INDONESIA - BANKING - Bank Muamalat Sells IPO Shares in 2012

JAKARTA (IFT) – PT Bank Muamalat Tbk plans to sell 20-40 percent shares in initial public offering (IPO) at Indonesia Stock Exchange in the second semester of 2012 for finance portfolio and as source of funds.(source)

CAPITAL MARKETS - BANKING - IPO of Victoria Syariah is planned in H2/2012

JAKARTA: PT Bank Victoria Syariah is planning an initial public offering (IPO) by second half of 2012 in attempt to add capital adequacy ratio (CAR). The two-year financing expansion has eroded the bank's CAR.

President Director of Bank Victoria Syariah Sari Idayanti explained that CAr of the private bank now stands at 196%. The high CAR is resulted from the inefficient financing distribution after the spin-off in April 2010. (source)