INDONESIA - BANKING - OCBC NISP Shariah Asset Target $ 500 Billion - no spin off planned yet

INDONESIA FINANCE TODAY  - JAKARTA (IFT) - Sharia PT Bank OCBC NISP Tbk (NISP) to target assets reached Rp 500 billion by the end of 2011, compared to per semester 2011 that reached more than Rp 400 billion.
Koko T Rachmadi, Head of Sharia Bank OCBC NISP, explaining the increase, among other assets derived from adding the value of corporate financing to Rp 135 billion at the end of 2011, from positions per semester 2011 about USD 74 billion.
He said the entire financing of the company is currently focused on home financing. Focus on property sector following major credit OCBC Bank NISP is strong in consumer lending, especially mortgages. (source)

INDONESIA - FINANCE - OCBC NISP mortgage performance exceeds Rp 74 m

REPUBLIKA.CO.ID, JAKARTA - Credit OCBC NISP home ownership the Sharia show significant growth. Since its official launch late 2010, the sector that dominated the whole Islamic finance business unit (UUS) is PT Bank OCBC NISP, reached Rp 74 billion.

According to the Head of Syariah Business, Syariah Business Unit OCBC NISP, Koko T Rachmadi, contract strategy is different from most Islamic products into one keungulan. "We use musharaka mutanaqisas, so it is more fair," he said when met Reuters on Wednesday (20 / 7). (source)