INDONESIA - BANKING - Sampoerna family moves into banking (Islamic micro finance by July 2012)

www.thejakartapost.com - Open for business: President director of Bank Sahabat Sampoerna Indra W. Supriadi (from left), Michael Sampoerna, the owner of Sampoerna Strategic Group and Bank Indonesia’s director Mulya Siregar during the launch of Bank Sahabat Sampoerna in Jakarta on Wednesday evening. JP/Wendra AjisyatamaWidely diversified business group Sampoerna launched PT Bank Sahabat Sampoerna on Wednesday, aiming for the largely untapped but lucrative small and micro-businesses.

Although the sector has already seen the presence of various big banks, Bank Sahabat Sampoerna president director Indra W. Supriadi said the market was still large enough for a new player.  (source)