INDONESIA - BANKING - Bank Mandiri’s Shariah Unit Plans IPO

www.thejakartaglobe.com - Bank Mandiri, the country’s largest lender by assets, is considering an initial public offering next year for its Islamic unit, Bank Syariah Mandiri, a top executive has said.

Sunarso, a commercial director of Bank Mandiri, said on Thursday that the preparations for the offering were under way and the IPO was likely for next year.

“The preparations for the share sale, still have to be completed first but I don’t think it will take too long,” he said.

“We want the IPO to help strengthen the capital [of Bank Syariah Mandiri] .”   (source)

INDONESIA - BANKING - Bank Syariah Mandiri injected 200 billion

JAKARTA: PT Bank Syariah Mandiri soon get an injection of capital amounting to Rp200 billion from the holding company, to boost the capital adequacy ratio is greatly undermined by the rapid expansion financing.
 "We will provide additional capital of Rp 200 billion for the BSM in the near future. It is part of Rp900 billion, which they [BSM] wanted, "said Sunarso, Director of Commercial and Business Banking of Bank Mandiri, in Jakarta today. (source)