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 - FINANCE - Permodalan Nasional Madani Boosts Islamic Finance Portfolio

JAKARTA (IFT) - PT Permodalan Nasional Madani, a state-owned micro, small and mid-scale enterprise (MSME) finance company, plans to boost its Islamic finance portfolio this year. The market is relatively untapped although it has large potentials. (source)

INDONESIA - BANKING - Bank Syariah Mandiri Finance Portfolio Up 60.45%

JAKARTA (IFT) –  PT Bank Syariah Mandiri saw a 60.45 percent growth in its finance portfolio to Rp 34.4 trillion as of the third quarter of 2011 from Rp 21.44 trillion year-on-year (YOY). This prompted a 27.83 percent increase in the net income to Rp 409.12 billion YOY.   (source)

INDONESIA - BANKING - BRI Syariah Posts Finance Portfolio of Rp 7.9 T

JAKARTA (IFT) – PT BRI Syariah, a subsidiary of PT Bank Rakyat Indonesia Tbk (BBRI) saw a 43.64 percent increase in finance portfolio to Rp 7.9 trillion as of September 2011 from Rp 5.5 trillion in end-2010 (year-to-date). A bulk of the portfolio comprise micro, small, and medium enterprise (MSME) loans as well as consumer loans.  (source)