INDONESIA - BANKING - MICRO FINANCE: Victoria Sharia achieve a target contribution of 45%

www.bisnis.com - JAKARTA: PT Bank Syariah Victoria is committed to boost micro financing business this year with a target of having contributed 45% of all loans disbursed.
Idayanti Sari, Managing Director of Victoria Islamic Bank, said micro-finance portfolio since its launch in December 2011 has reached Rp65 billion by the end of April 2012
"Microfinance we launched last December, because of the potential in this market is still very big," he told Business, today, Friday, May 18, 2012. (source)

CAPITAL MARKETS - BANKING - IPO of Victoria Syariah is planned in H2/2012

JAKARTA: PT Bank Victoria Syariah is planning an initial public offering (IPO) by second half of 2012 in attempt to add capital adequacy ratio (CAR). The two-year financing expansion has eroded the bank's CAR.

President Director of Bank Victoria Syariah Sari Idayanti explained that CAr of the private bank now stands at 196%. The high CAR is resulted from the inefficient financing distribution after the spin-off in April 2010. (source)