INDONESIA - BANKING - Bank Muamalat Increases Retail and MSME Financing

www.indonesiafinancetoday.com - Bank Muamalat targets a finance portfolio growth of 40-50 percent in 2012 to Rp 31.46 trillion-Rp 33.71 trillion. (IFT/STANLIE)

JAKARTA (IFT) – PT Bank Muamalat Tbk plans to increase its retail as well as its micro, small and medium enterprise (MSME) finance portion to 60 percent of this year’s total finance portfolio from 55 percent last year. Its strategy for finance portfolio growth is to minimize risks that may affect non-performing finance (NPF). (source)

INDONESIA - BANKING - FINANCING SMEs: Target Muamalat Rp29, 12 trillion

www.bisnis.com - JAKARTA: The contribution of SME financing Muamalat this year is projected to reach 60% of total financing.
"This year the total funding is expected to reach Rp 29.12 trillion. Number is up by 30.16% compared to last year. Of the total financing to SME financing will contribute to Rp 17.47 trillion, or 60%," said president director Arifin Thursday Muamalat Arviyan February 2, 2012.  (source)

INDONESIA - BANKING - EXPANSION FINANCING: BRI Syariah focus to the micro sector

 Makassar: Makassar BRI Syariah this year focus on financing in the sector of micro, small and medium enterprises following the achievement of the realization of lending in the sector are expected to penetrate 115% in 2011.
Branch Manager Makassar BRI Syariah Court W. Rahardjo said that for the micro credit sector to be financed company providing ceiling between 5 million and Rp500 million, while the SME sector got a credit limit between Rp500 million and Rp 5 billion. (source)

INDONESIA - KUR - Bank Syariah Mandiri channels funds to Micro Small Medium Enterprises

Jakarta (13 / 8). To enhance the role of cooperatives as a pillar of the community's economy, Islamic banking players do not want to miss. In commemoration of cooperatives in Senayan Jakarta, Bank Syariah Mandiri (BSM) handed People's Business Credit (KUR) to the Islamic Financial Services Cooperatives (KJKS) Tanggerang Mandiri Rp 500 million.

Managing Director of BSM, Fauzi Yuslam on the occasion said, giving the actors KUR cooperatives by Islamic banks is evidence that Islamic banking is very committed in developing cooperatives in Indonesia. (source)