INDONESIA - BANKING - BANK MERGER: Evaluation & BII Maybank Islamic finalized this year

www.bisnis.com - JAKARTA: PT Maybank Islamic Indonesia optimistic to complete the evaluation plan of merger with Islamic business unit of PT Bank International Indonesia Tbk this can be completed in the year.
Indonesia President Director of Maybank Islamic Ibrahim Hassan said the merger plan itself is still not final because the company has not found the right business model.
"We're still evaluating the model. We hope the evaluation can be completed this year," he said in the midst of Islamic Finance Forum, 17 April 2012.  (source)

INDONESIA - BANKING - BANK JATIM: brown Management plans to spin off a business unit of sharia

www.bisnis.com - JAKARTA: PT East Java Development Bank will finalize the concept of separation of business units sharia (UUS) is planned to be implemented in 2016.

Aviantono Hadhianto, Sharia Leaders of East Java Development Bank (Bank of East Java), said the company will complete construction blueprints road map splitting (spin off) UUS to invite four consultants.

"This year we will put up a road map to invite four consultants as a step in the preparation of blue print of the spin off," he said last week.  (source)

INDONESIA - TAKAFUL - Two Insurers Postpone Establishment of Islamic Business Units

www.indonesiafinancetoday.com - JAKARTA (IFT) – Insurance companies, PT Pan Pacific Insurance and PT Asuransi Jiwasraya, postponed their plans to create their Islamic business units. They will etsablish the units in 2013. (source)

INDONESIA - BANKING - CIMB NIAGA: Spin off sharia unit judged to be urgent

www.bisnis.com - JAKARTA: PT Bank CIMB Niaga Tbk will not ensure the separation of business units implement sharia and more interested in developing a dual banking system.

CIMB Niaga president director Arwin Rashid said the development of dual banking model is more challenging for the company in driving the expansion of a business unit of Islamic (CIMB Niaga Syariah).

Through this system, the company can market the products through the branch Islamic conventional. (source)

INDONESIA - TAKAFUL - Spin Off Push Takaful Company Competitive

WWW.REPUBLIKA.CO.ID, JAKARTA - The separation of business units sharia (spin off) at rated insurance company will be a stimulus for the growth of the Takaful industry. Encouragement separation shariah business unit will be included in insurance law.

Vice Chairman of the General Insurance Association of Indonesia Sharia (AASI), Yudha Primary, said the separation of business units in the Islamic insurance companies will encourage the increasingly competitive industry. When it became its own entity, the performance of insurance companies will be more motivated to be commensurate with other companies. (source)

INDONESIA - BANKING - BTN Sharia Spin Off Unit

REPUBLIKA.CO.ID, JAKARTA - State Savings Bank (BTN) has been able to separate target (spin off) unit of Islamic sharia became a commercial bank before 2016. Preparation is done by the development of core (core) business of sharia in the housing.
"Now, we further examined when the sharia into enterprises themselves or remain a unit of sharia," said BTN president director Iqbal Latanro, BI deputy governor after the inauguration, Thursday (29/12).  (source)

INDONESIA - BANKING - TPG/NORTHSTAR Indonesia JV branches out

PG Capital, a Texas-California based private equity shop’s joint ownership, with San Diego-based Northstar Pacific Partners, of PT Bank Tabungun Pensiunan Nasional Tbk (BTPN) in Indonesia has bought the American investors into the Islamic finance arena. BTPN is now looking to grow then spin-off its Shari’ah banking unit through acquisition. Indonesian newspaper Bisnis Indonesia has reported that one acquisition target for BTPN is microfinance bank, Sahabat Purba Danarta, currently owned by manufacturing conglomerate Tri-Putra Group. (source)

INDONESIA - BANKING - Sinarmas Syariah delays spin off

JAKARTA-business unit Sinarmas Tbk PT Bank Syariah postpone plans to separate business with the parent (spin off) until 2015 because of the constraints of human resources (HR) and technological systems.

"We really had planned spin off in 2012, but after re-evaluate the whole preparation, it turns out there are still many obstacles in terms of human resources and technology systems," said Director of Bank Syariah Sinarmas Heru Agus Wuryanto after signing a cooperation agreement with PT Al-Ijarah Indonesia Finance (Alif ) here on Thursday. (source)

INDONESIA - BANKING - Spin Off UUS to BUS Need Assessed

Jakarta (13 / 9). In the year 2010 - 2011 Lots of sharia banking Sharia-shaped (UUS) to spin off (mains broke away from the bank) to establish Sharia Commercial Banks (BUS) with reasons for wanting to promote Islamic banking and more independent in performing self-management. 

But from the beginning of a spin off that lovely teryata not as easy to do, there UUS successful in doing a spin off of it but some have oversized UUS in doing a spin off when the BUS. Observing this phenomenon, Chairman of the All-Indonesia Association of Islamic Banks (Asbisindo) Riawan Achmad Amin, said that the spin off of the Islamic banking BUS UUS be enforced as if it had happened so many new Islamic bank management is difficult to develop themselves. (source)

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 - BANKING - 2013, Danamon Syariah Spin Off Plan

Jakarta (4 / 8) - Sharia (UUS) Bank Danamon plans to spin off into Sharia Commercial Banks in 2013. This was disclosed Danamon director Herry Hykmanto on the sidelines of the launch of Gold Solutions product in Jakarta, Wednesday (3 / 8).

Herry said that it did until now there has been targeting the UUS Danamon may spin off. However, the discussion continues to spin off done internally. At the end of the year are expected to have final discussions. (source)

INDONESIA - BANKING - The expansion of 279 branches, Danamon Sharia prepare Rp150 billion - Spin Off for 2012

JAKARTA: sharia business unit of PT Bank Danamon Indonesia Tbk budgeted investment of Rp150 billion to build 279 new branches by the end of 2013.

Bank Danamon Syariah Unit Head, Prayudha Moeljo, said the addition of the branch is one of the preparation of separation company to do business (spin off) that the process will begin in 2012. (source)