INDONESIA - BANKING - HAJJ FUND drawn Affairs, Islamic Banking Performance immediately dropped

www.bisnis.com - JAKARTA: Withdrawal of funds by the Ministry of Religious pilgrimage to be one major factor weakening the performance of Islamic banking industry during April.
A source of Business in an Islamic bank in the know said the weaker performance of Islamic banks because the funds withdrawn Hajj then transferred to the instrument sukuk
"It came out trillions and must be replaced to use low-cost funds. Well it difficult to pursue because of the retail savings, "he told Business this morning Wednesday (20/6).  (full story)

INDONESIA - FINANCE - HAJJ FUND drawn Affairs, Islamic Banking Performance immediately dropped

www.bisnis.com - JAKARTA: Withdrawal of funds by the Ministry of Religious pilgrimage to be one major factor weakening the performance of Islamic banking industry during April.
A source of Business in an Islamic bank in the know said the weaker performance of Islamic banks because the funds withdrawn Hajj then transferred to the instrument sukuk
"It came out trillions and must be replaced to use low-cost funds. Well it difficult to pursue because of the retail savings, "he told Business this morning Wednesday (20/6).  (source)

INDONESIA - BANKING - BRI Syariah Distributes Funding Target Rp14 Trillion

www.investor.co.id - JAKARTA - PT Bank BRI Syariah finance disbursement target of about Rp14 trillion during 2012 which will be channeled into five segments, namely the commercial sector, cooperative finance, microfinance, consumer and SME.
"Targeting our funding this year of about Rp14 trillion, an increase of 55.5% compared with last year Rp9 trillion," said Director of Business BRI Syariah Ari Purwandono here on Wednesday.
He added that the financing of the commercial sector is expected this year reached Rp3, 6 trillion, co-operative financing amounting to Rp1, 9 trillion, consumer Rp3 trillion, micro amounting to Rp2, 2 trillion, as well as small and medium enterprises (SMEs) around Rp1, 5 trillion.  (source)

INDONESIA - BANKING - BRI Syariah cuts more than a half of target of new branches

en.bisnis.com - JAKARTA: PT Bank Rakyat Indonesia Syariah, BRI's subsidiary, has changed a target of additional branches in this year to 70 new branch offices from the initial target to 150 offices.

BRI Syariah Director of Business Development Ari Purwandono said the measure is aimed to cut the expansion cost. (source)

INDONESIA - BANKING - BRI Syariah Micro Add 70 Outlets

WWW.REPUBLIKA.CO.ID, JAKARTA - Special to serve the micro finance sector, BRI Syariah will add 70 outlets. The addition of these outlets targeted micro-finance could raise to $ 2 trillion this year.
The addition of 70 outlets is targeted for completion in the first half of 2012. With that addition, the micro-BRI Syariah outlet will be 226 outlets. "The amount that can be added, we will review again in a few areas that have the potential," said Director of Business BRI Syariah, Ari Purwandono, Thursday (2 / 2).  (source)

MICRO FINANCE - BRI Syariah will simplify the requirement for Micro financing

Jakarta, (16/6). One of the obstacles in expanding the micro enterprises is the fresh capital. In order to remedy this situation it need to apply for financing from the bank, unfortunately, the financing proposal is rejected by the bank due to lack of requirement to the bank that need to be fulfilled.

Therefore, some Islamic banks are trying to focus on micro financing; among others is Bank Rakyat Indonesia (BRI) Syariah. (source)

BANKING - BRI Syariah targeting Rp 9t in financing

Islamic bank BRI Syariah plans to increase its financing target to Rp 9 trillion (US$1 billion) this year, up from Rp 5.5 trillion last year.

BRI Syariah business director Ari Purwandono said the retail sector would be the focus of the financing program, followed by government infrastructure. (full story)