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)
Showing posts with label mandiri syariah. Show all posts
Showing posts with label mandiri syariah. Show all posts
Sunday, August 26, 2012
Wednesday, August 15, 2012
INDONESIA - BANKING - Distributes Funding BSM Rp39, 93 trillion
www.investor.co.id - JAKARTA-Bank
Syariah Mandiri (BSM) financing channel for Rp39, 93 trillion by the
end of June 2012, up 32.85 percent over the same period in 2011
amounting to Rp30, 06 trillion.
"Financing is a source of income for margins and results of the largest profit contributor," said Managing Director of BSM Yuslam Fauzi current events and breaking fast gathering together in Jakarta, Monday (13/8).
BSM said Yuslam financing micro business sector focuses on small and medium enterprises (SMEs) which occupies a portion of 73.34 percent, while the share of corporate financing amounted to only 26.66 percent.
"In the previous period, the portion of the financing is greater to the corporation, but the current and future we will pay more attention to SMEs," he said. (source)
"Financing is a source of income for margins and results of the largest profit contributor," said Managing Director of BSM Yuslam Fauzi current events and breaking fast gathering together in Jakarta, Monday (13/8).
BSM said Yuslam financing micro business sector focuses on small and medium enterprises (SMEs) which occupies a portion of 73.34 percent, while the share of corporate financing amounted to only 26.66 percent.
"In the previous period, the portion of the financing is greater to the corporation, but the current and future we will pay more attention to SMEs," he said. (source)
INDONESIA - BANKING - Syariah Mandiri Bank Profit Up 47%
www.investor.co.id - JAKARTA
- PT Bank Syariah Mandiri (BSM) recorded a net profit of Rp 396.84
billion in the first half of 2012, growing 47% over the same period last
year valued at Rp 270 billion. Margin and revenue sharing to be the largest contributor to the increase in net income.
Director of Finance BSM Fanani Zainal said the revenue and margin for the BSM at the end of June 2012 reached Rp 2.24 trillion, up 24.81% over the same period last year amounted to Rp 1.79 trillion. "Our financing is channeled up 32.85% from Rp 30.06 trillion to Rp 39.93 trillion," Zainal said at a press conference at Wisma exposure to the performance of BSM Mandiri, Jakarta, Monday (13/8). (source)
Director of Finance BSM Fanani Zainal said the revenue and margin for the BSM at the end of June 2012 reached Rp 2.24 trillion, up 24.81% over the same period last year amounted to Rp 1.79 trillion. "Our financing is channeled up 32.85% from Rp 30.06 trillion to Rp 39.93 trillion," Zainal said at a press conference at Wisma exposure to the performance of BSM Mandiri, Jakarta, Monday (13/8). (source)
Monday, August 13, 2012
INDONESIA - BANKING - Gold Pawn Islamic banks still shining
www.kontan.co.id - JAKARTA. After a three-month slide, gold pawn restriction rules taking effect for the Islamic banking industry. Bank with a portfolio of gold pawn is too high, posting a decline in financing during the first half of 2012. Meanwhile, a new Islamic bank in business, enjoying a fantastic surge in financing nan.
BRI Syariah, BNI Syariah, and Bank Syariah Mandiri, including a slowdown. In addition to their gold financing business was suspended, the three largest Islamic bank is also no longer jor-rod. According beleid BI, bank financing may only deliver a maximum of 20% gold of the total financing or a maximum of 150% of bank capital. (source)
BRI Syariah, BNI Syariah, and Bank Syariah Mandiri, including a slowdown. In addition to their gold financing business was suspended, the three largest Islamic bank is also no longer jor-rod. According beleid BI, bank financing may only deliver a maximum of 20% gold of the total financing or a maximum of 150% of bank capital. (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)
"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)
Thursday, August 09, 2012
INDONESIA - BANKING - BSM motor vehicle financing stagnant
www.bisnis.com - JAKARTA: PT Bank Syariah Mandiri not experience an increase in the distribution of syariah-based financing of motor vehicles to the company's multi-since last June.
Director of Microfinance & Small Hanawijaya BSM said before the company can provide financing facilities to multi-Islamic berskema conventional, both of which have a business unit of sharia (UUS) and do not have UUS.
However, he added, since the minimum down payment regulations applicable to conventional auto financing business, not an increase in financing for multi-channeling berskema sharia. (source)
Director of Microfinance & Small Hanawijaya BSM said before the company can provide financing facilities to multi-Islamic berskema conventional, both of which have a business unit of sharia (UUS) and do not have UUS.
However, he added, since the minimum down payment regulations applicable to conventional auto financing business, not an increase in financing for multi-channeling berskema sharia. (source)
INDONESIA - AWARDS - INVESTOR magazinegive Institutions & Products Awards Best Syariah 2012
www.investor.co.id - JAKARTA-Investor
magazine again awarded best Islamic or Sharia Best Awards 2012 for best
Islamic financial institution 10, 11 Islamic financial products and the
best three Islamic leaders.
At the awarding ceremony of Sharia Investor Award 2012 in the Ballroom, Hotel Aryaduta, Jakarta, Wednesday (8/8), PT Bank Syariah Mandiri (BSM) was crowned the best Islamic bank in 2012. Business unit of sharia (UUS) banking, Bank DKI tops in the category of UUS beraset above Rp 500 billion. For best UUS beraset below Rp 500 billion, won UUS SulSelBar Bank.
Awards are also given for the best life insurance and general insurance islamic sharia best. Sinarmas MSIG Insurance branches of Sharia and Islamic branches Avrist Assurance business unit won an award as the best Islamic insurance. While the Sinar Mas branch of Islamic Insurance and Islamic Insurance as general manager of Mega branches of general insurance business units best branch of sharia. National Reinsurance while Indonesia won the award for Best Islamic reinsurance branch. (source)
At the awarding ceremony of Sharia Investor Award 2012 in the Ballroom, Hotel Aryaduta, Jakarta, Wednesday (8/8), PT Bank Syariah Mandiri (BSM) was crowned the best Islamic bank in 2012. Business unit of sharia (UUS) banking, Bank DKI tops in the category of UUS beraset above Rp 500 billion. For best UUS beraset below Rp 500 billion, won UUS SulSelBar Bank.
Awards are also given for the best life insurance and general insurance islamic sharia best. Sinarmas MSIG Insurance branches of Sharia and Islamic branches Avrist Assurance business unit won an award as the best Islamic insurance. While the Sinar Mas branch of Islamic Insurance and Islamic Insurance as general manager of Mega branches of general insurance business units best branch of sharia. National Reinsurance while Indonesia won the award for Best Islamic reinsurance branch. (source)
Tuesday, August 07, 2012
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)
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)
Wednesday, July 25, 2012
INDONESIA - BANKING - Bank Syariah Mandiri Open 'Warung Mikro'
WWW.REPUBLIKA.CO.ID, KUPANG-Bank Syariah Mandiri Branch Kupang, East Nusa Tenggara open the program "Micro Shop" to provide loans for people managing small and medium enterprises with a limit of Rp 100 million to develop productive enterprises.
"BSM Kupang Branch is also a bank that can help people who have small and medium enterprises by providing venture capital to business managers a clear and good," said Marketing Manager BSM Kupang Branch, Hidayatyatullah Damanik in Kupang, on Sunday (22/7) (full story)
"BSM Kupang Branch is also a bank that can help people who have small and medium enterprises by providing venture capital to business managers a clear and good," said Marketing Manager BSM Kupang Branch, Hidayatyatullah Damanik in Kupang, on Sunday (22/7) (full story)
Tuesday, July 03, 2012
INDONESIA - FINANCE - Learn to Manage Funds Asbisindo Hajj from Malaysia
WWW.REPUBLIKA.CO.ID, JAKARTA - Indonesia Sharia Bank Association (Asbisindo) will have a meeting with bankers Malaysia. One issue to be discussed in this meeting is how Malaysian Islamic banks can manage the fund as a whole pilgrimage.
Designed by Asbisindo meeting will take place in early July. in addition to talking about the potential of Islamic banking in each country, this meeting will also discuss in depth about the tricks of Islamic banks of Malaysia entrusted to manage the fund pilgrimage. "We hope to explore what Malaysia can be placed in Islamic banks," said Chairman Asbisindo, Yuslam Fauzi, this weekend. (source)
Designed by Asbisindo meeting will take place in early July. in addition to talking about the potential of Islamic banking in each country, this meeting will also discuss in depth about the tricks of Islamic banks of Malaysia entrusted to manage the fund pilgrimage. "We hope to explore what Malaysia can be placed in Islamic banks," said Chairman Asbisindo, Yuslam Fauzi, this weekend. (source)
Saturday, June 23, 2012
INDONESIA - RATINGS - Bank Syariah Mandiri Tbk.
www.pefindo.com - PEFINDO assigned its “idAA+” rating to PT Bank Syariah Mandiri (BSRM or the Bank) with a ‘stable’ outlook. The rating reflects very strong support from PT Bank Mandiri (Persero) Tbk (Bank Mandiri or BMRI, rated idAAA/Stable), very strong position in sharia banking segment, and improving asset quality indicators. However, the rating is constrained by the Bank’s moderate capitalization and weakening profitability measures. (source)
Wednesday, June 20, 2012
INDONESIA - REGULATIONS - Comments on this Islamic Banking Commissioner OJK
WWW.REPUBLIKA.CO.ID, JAKARTA - Director of Compliance and Risk Management of Bank Muamalat, Andi Buchari, expect the new Board of Commissioners OJK can help the progress of Islamic banking.
"Indonesia Sharia Bank Association already advises the OJK to participate in making policies that promote Islamic banking," said Andi, Wednesday (20/6). (source)
"Indonesia Sharia Bank Association already advises the OJK to participate in making policies that promote Islamic banking," said Andi, Wednesday (20/6). (source)
Saturday, June 02, 2012
INDONESIA - CAPITAL MARKETS - Bank Muamalat Readies for Rp 1.5t Islamic Bond Sale
www.thejakartaglobe.com -Bank Muamalat, the country’s top Islamic bank, plans to
sell Islamic bonds worth Rp 1.5 trillion ($159 million) over the next
two years to boost lending.
The Jakarta-based lender aims to sell Rp 500 billion in July this year, it said in a brief prospectus published in Bisnis Indonesia newspaper on Wednesday.
It will offer the notes to investors on June 25-26, with a planned listing on the Indonesia Stock Exchange on July 2. It will sell the final Rp 1 trillion next year. (source)
The Jakarta-based lender aims to sell Rp 500 billion in July this year, it said in a brief prospectus published in Bisnis Indonesia newspaper on Wednesday.
It will offer the notes to investors on June 25-26, with a planned listing on the Indonesia Stock Exchange on July 2. It will sell the final Rp 1 trillion next year. (source)
Friday, May 25, 2012
INDONESIA - BANKING - BSM posts net profit of rp193 bln in Q1
www.antaranews.com - Jakarta (ANTARA
News) - Bank Syariah Mandiri (BSM), a sharia unit of Indonesia`s largest
state lender Bank Mandiri, posted a net profit of Rp192.72 billion in
the first quarter of 2012, up by 42.87 percent from a year earlier.
"The net profit hike was mainly contributed by margin income and profit sharing," the bank said in a press statement released here on Tuesday.
The bank`s margin income and profit sharing rose by 24.76 percent to Rp1.07 trillion in the year ended March 31, 2012 from Rp860 billion a year earlier, the statement said. (source)
"The net profit hike was mainly contributed by margin income and profit sharing," the bank said in a press statement released here on Tuesday.
The bank`s margin income and profit sharing rose by 24.76 percent to Rp1.07 trillion in the year ended March 31, 2012 from Rp860 billion a year earlier, the statement said. (source)
INDONESIA - BANKING - Bank Mandiri Syariah Post the First Quarter Earnings Rp192, 72 M
WWW.REPUBLIKA.CO.ID, JAKARTA-Through First Quarter of 2012, Bank Syariah Mandiri (BSM) recorded excellent growth. One indicator is the growth in net profit. BSM net profit at the end of March 2012 for Rp192, 72 billion, up 42.87% compared to net income of BSM end of March 2011 amounting to Rp 134.89 billion.
The biggest contributor to the increase in net profit margin is revenue and profit sharing. Revenue and margin for the BSM at the end of March 2012 reached Rp 1.07 trillion, up 24.76%, compared to the position in March 2011 amounted to Rp 860 billion. (source)
The biggest contributor to the increase in net profit margin is revenue and profit sharing. Revenue and margin for the BSM at the end of March 2012 reached Rp 1.07 trillion, up 24.76%, compared to the position in March 2011 amounted to Rp 860 billion. (source)
Thursday, May 10, 2012
INDONESIA - BANKING - Islamic banking transcends 4.5 % market share
www.bisnis.com - JAKARTA:
Edy Setiadi, Head of Banking Department of Bank Indonesia has two
entries that can penetrate the syariah banking industry market share
4.5% at the end of this year.
"This could occur when each bank syariah and syariah business units can increase the flat compared with the parent," he said to the Business, a brief message late Wednesday, May 9, 2012.
In addition, more recently, the main support absolute effort required to market share growth expectations can be realized. "That should be reflected in the RBB [bank business plan], respectively," he added. (source)
"This could occur when each bank syariah and syariah business units can increase the flat compared with the parent," he said to the Business, a brief message late Wednesday, May 9, 2012.
In addition, more recently, the main support absolute effort required to market share growth expectations can be realized. "That should be reflected in the RBB [bank business plan], respectively," he added. (source)
Wednesday, May 09, 2012
INDONESIA - BANKING - Gold Pawn Islamic banks fell 12%
www.kontan.co.id - BANDUNG. Settling gold pawn business have a significant impact to the Islamic bank. See,
during the first quarter of 2012, gold-backed financing qardh down 12%
compared to the position in December 2011 (year to date / ytd). Worth only Rp 11.4 trillion, from Rp 13 trillion previously.
This shrinkage was significant because in previous periods, or before the application of new rules, pledge gold to grow around 15% - 20% per quarter.
Bank Indonesia (BI) is a new rule issued by the end of February 2012. But revamping the standard operating procedure (SOP) pawning gold has been going on since September 2011. (source)
This shrinkage was significant because in previous periods, or before the application of new rules, pledge gold to grow around 15% - 20% per quarter.
Bank Indonesia (BI) is a new rule issued by the end of February 2012. But revamping the standard operating procedure (SOP) pawning gold has been going on since September 2011. (source)
INDONESIA - EVENTS - Islamic Banking Products and Services Need to Be Improved
www.investor.co.id - BANDUNG
- Islamic banking products and services need to be improved as
currently assessed insufficient to meet the interests of the customer
making it difficult to compete with conventional banking products and
services.
Chairman of the Indonesian Association of Islamic Banking (Asbisindo) Yuslam Fauzi in Bandung, Tuesday, said the number of Islamic banking products in Indonesia is lagging behind Islamic banking in Malaysia.
"This form of Islamic banking products in Malaysia is more diverse. Reason is because they are eight years earlier to build the Islamic banking. They year 1984, while our 1992. So they are more in the future," said Yuslam on the sidelines of an international seminar that took place since the Islamic financial Monday (7/5). (source)
Chairman of the Indonesian Association of Islamic Banking (Asbisindo) Yuslam Fauzi in Bandung, Tuesday, said the number of Islamic banking products in Indonesia is lagging behind Islamic banking in Malaysia.
"This form of Islamic banking products in Malaysia is more diverse. Reason is because they are eight years earlier to build the Islamic banking. They year 1984, while our 1992. So they are more in the future," said Yuslam on the sidelines of an international seminar that took place since the Islamic financial Monday (7/5). (source)
Saturday, April 28, 2012
INDONESIA - BANKING - Mandiri Syariah invites clients for business dinner
WWW.REPUBLIKA.CO.ID, BANDUNG - In order to tighten the silatuturahmi and cooperation with businesses, Bank Syariah Mandiri Kopo Branch organized a "Dinner & Business Gathering" at the Pagoda Restaurant, Bandung, West Java.
A total of 50 customers and prospective customers from various circles attended the gathering. They introduced some excellent products Bank Syariah Mandiri.
One excellent product is presented by the Head of Branch Bank Syariah Mandiri Branch Dago, Andri Salman, is a program Mudharabah muqayyadah on Balance Sheet (MMOB).
"Customer is our most important partners. Therefore, this program is the program beneficial to all parties. Both donors and recipients of funds," he said on Friday (27/4). (source)
A total of 50 customers and prospective customers from various circles attended the gathering. They introduced some excellent products Bank Syariah Mandiri.
One excellent product is presented by the Head of Branch Bank Syariah Mandiri Branch Dago, Andri Salman, is a program Mudharabah muqayyadah on Balance Sheet (MMOB).
"Customer is our most important partners. Therefore, this program is the program beneficial to all parties. Both donors and recipients of funds," he said on Friday (27/4). (source)
Monday, April 23, 2012
SINGAPORE - BANKING - Mandiri Syariah opens up remittance services in Singapore
www.bisnis.com - JAKARTA: PT Bank
Syariah Mandiri Indonesia launched the Transfer Funds For Beloved, a product delivery
or remittance of money from Singapore to Indonesia.
In a Transfer of Funds for Indonesia Beloved (DUIT), Bank Syariah Mandiri (BSM) in collaboration with the Mass Express Pte, Ltd., sebuiah local remittance companies in Singapore.
Through this product, labor Indonesia (TKI) working in Singapore can send money to families in the homeland, which can be accepted at all bank branches and post office network, in just a few minutes.
In a press release received by Business, grand product launch was held in Singapore Indonesian School is located at Siglap Road, Singapore today. (source)
In a Transfer of Funds for Indonesia Beloved (DUIT), Bank Syariah Mandiri (BSM) in collaboration with the Mass Express Pte, Ltd., sebuiah local remittance companies in Singapore.
Through this product, labor Indonesia (TKI) working in Singapore can send money to families in the homeland, which can be accepted at all bank branches and post office network, in just a few minutes.
In a press release received by Business, grand product launch was held in Singapore Indonesian School is located at Siglap Road, Singapore today. (source)
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