INDONESIA - BANKING - BTN Sharia Spin Off Unit

REPUBLIKA.CO.ID, JAKARTA - State Savings Bank (BTN) has been able to separate target (spin off) unit of Islamic sharia became a commercial bank before 2016. Preparation is done by the development of core (core) business of sharia in the housing.
"Now, we further examined when the sharia into enterprises themselves or remain a unit of sharia," said BTN president director Iqbal Latanro, BI deputy governor after the inauguration, Thursday (29/12).  (source)

INDONESIA - BANKING - Credit BTN up with 21.46 % - opening new Shariah branch offices

JAKARTA - PT Bank State Savings Limited (BTN) to record credit growth of 21.46 percent, from Rp 46.51 trillion in June 2010 to Rp 56.49 trillion in June 2011.

BTN president director Iqbal Latanro here on Wednesday said credit growth in the first half of 2011 affected the growth of non-housing loans so that the composition of mortgage and non mortgage to 10.5 percent and 89.5 percent. (source)

INDONESIA - BANKING - BTN Syariah Business Reaches Rp 4.461 trillion

REPUBLIKA.CO.ID, JAKARTA - Islamic Business Savings Bank Negara (BTN) through sharia business unit (UUS) continues to show performance improvement. In the first half of 2011, the bank's State-Owned Enterprises (SOEs) noted an increase in assets to 56 percent from year to year.

According to Director of BTN, Iqbal Latanro, sharia recorded assets of Rp 4.461 trillion from Rp 2.9 trillion previously. "Business is growing like a conventional," he said. (source)