INDONESIA - BANKING - Muamalat to boost corporate loan to IDR12.25 trillion in 2012

JAKARTA: PT Bank Muamalat Indonesia Tbk is eyeing the corporate financing growth of 39% to IDR12.25 trillion in 2012, by focusing on the disbursement for energy sector.

Under such growth, the corporate financing portion will stay at 40% of the total financing-portfolio, trailing the retail financing portion of 60%.

“In the meantime, corporate financing in the end of November goes near to IDR9 trillion,” Corporate Director of Bank Muamalat Luluk Mahfudah said yesterday. (source)

INDONESIA - BANKING - Muamalat to Increase Financing of Energy Sector

REPUBLIKA.CO.ID, JAKARTA - Bank Muamalat will increase the portion of corporate finance to the energy sector. This is because the sector is considered more resistant to shocks of economic crisis.
According to Director of Corporate Bank Muamalat, Luluk Mahfudah, the impact of European debt crisis in the next year into consideration to find the finance sector. Financing for long-term projects would be preferred for corporate financing. "Next year, corporate finance is still in the energy because we anticipated macroeconomic conditions," he said, Wednesday (28/12).  (source)

BANKING - Shariah Banks Look to Farmers In an Effort to Grow Lending

Indonesia’s largest Shariah-compliant banks plan to increase lending to rural areas, where total agricultural loans have doubled over the past five years.

Bank Muamalat Indonesia is seeking to boost lending tenfold outside cities in 2011 after opening 30 new branches last year, said Luluk Mahfuda, head of Islamic corporate banking. BCA Syariah said it would add 15 outlets aimed at small businesses this year. (full story)