INDONESIA - BANKING - Improve Performance, BNI Syariah Rotation of Directors

WWW.REPUBLIKA.CO.ID, JAKARTA - In order to maximize the company's management, Bank Negara Indonesia (BNI) Syariah change the formation directors. BNI Syariah directors who previously only be filled by three men, now increased by one.
The Annual General Meeting of Shareholders held on Thursday (24/5) afternoon also discussed about the rotational position of the parent to the subsidiary. One rotation is done is to replace some of the positions of directors and commissioners.
Director of the previously filled by Rizqullah will be replaced by Dinno Indiano, who previously served as Division Leader Medium Business BNI. Director of Business who formerly held by Bambang Widjanarko will be filled by Junaidi Hisom. Junaidi previously served as Division Chief Human Capital BNI. Two other directors are the Imam Q R Jawaprawira Saptono and ACEP. ACEP before an independent commissioner position in BNI Syariah.  (source)

INDONESIA - BANKING - BNI Syariah Microfinance Expansion

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank Negara Indonesia (BNI) Syariah will develop micro-finance service this summer. Currently there is a new micro-finance services in five places in Bogor and its surrounding areas.

"Microfinance pilot project this year," said Director of Business BNI Syariah, Bambang Widjanarko, Thursday (17/5).  (source)

INDONESIA - BANKING - Islamic banking transcends 4.5 % market share

www.bisnis.com - JAKARTA: Edy Setiadi, Head of Banking Department of Bank Indonesia has two entries that can penetrate the syariah banking industry market share 4.5% at the end of this year.
"This could occur when each bank syariah and syariah business units can increase the flat compared with the parent," he said to the Business, a brief message late Wednesday, May 9, 2012.
In addition, more recently, the main support absolute effort required to market share growth expectations can be realized. "That should be reflected in the RBB [bank business plan], respectively," he added.  (source)

INDONESIA - BANKING - Gold Pawn Islamic banks fell 12%

www.kontan.co.id - BANDUNG. Settling gold pawn business have a significant impact to the Islamic bank. See, during the first quarter of 2012, gold-backed financing qardh down 12% compared to the position in December 2011 (year to date / ytd). Worth only Rp 11.4 trillion, from Rp 13 trillion previously.
This shrinkage was significant because in previous periods, or before the application of new rules, pledge gold to grow around 15% - 20% per quarter.
Bank Indonesia (BI) is a new rule issued by the end of February 2012. But revamping the standard operating procedure (SOP) pawning gold has been going on since September 2011. (source)

INDONESIA - BANKING - BNI Syariah gold mortgage financing shrinks 64%

www.kontan.co.id - BANDUNG. In the first quarter of this year, BNI Syariah gold lien financing shrank 64% to Rp 210 billion, compared to fourth quarter 2011 reached Rp 590 billion.

Meanwhile, when compared with March last year which amounted to Rp 562 billion, the financing in the first quarter of this year also recorded fell by 62%.

Business Director Bambang Widjanarko said BNI Syariah, the decline in mortgage financing distribution of gold, due to a temporary suspension of business activity following the new rules as stipulated in Bank Indonesia Circular Letter No. 14/7/DPBS dated March 1, 2012.  (source)

INDONESIA - BANKING - ISLAMIC BANK BANKER talk of industrial growth

www.bisnis.com - JAKARTA: A number of Islamic bankers to assess an estimated projection of Bank Indonesia Islamic banking industry assets will reach 15% in the next 10 years is not excessive.

However, there are a number of homework that requires a commitment from the regulator to be completed soon along with industry

"Indonesia is now in the process of transition OJK [the Financial Services Authority]. Commitment of the people who sit in the OJK is very influential on the development of Islamic banking in the future, "said Fauzi Yuslam, Managing Director of Bank Syariah Mandiri, Sunday, March 25, 2012. (source)

INDONESIA - EDUCATION - Islamic Banking is still difficulty HR

www.investor.co.id - JAKARTA - Islamic banks face challenges in order to grow, especially in human resource difficulties.
"The market share of Islamic banks in Indonesia is still small, amounting to about 4 percent. Problem, our network is not as much as a conventional bank and available human resources is still very little," said Director of Business BNI Syariah Bambang Widjanarko here on Thursday.
Difficulty in meeting the HR needs of Islamic banks is also highlighted by the Deputy Governor of Bank Indonesia Halim Alamsyah in the opening of a national consensus Indonesia Sharia Bank Association on Wednesday (21/3).  (source)

INDONESIA - HUMAN RESOURCES - Wanted, an analyst at Financing the Sharia!

WWW.REPUBLIKA.CO.ID, JAKARTA --- The growth of the assets of Islamic banks in the soil until water has penetrated an average of 40 percent per year in the last five years. The high performance of Islamic banks are demanding new labor. However, the needs of Islamic banks are still not fulfilled the labor market, particularly for finance analyst position.

According to Director of Business BNI Syariah, Bambang Widjanarko, the growth of Islamic banks meet specific constraints in Human Resources (HR). The personnel and leadership into a position that rarely gets the prospective HR professionals. "Especially for analysts and mudaraba Musharaka financing for it is still very rare," he said on Friday (16/3).  (source)

INDONESIA - EDUCATION - Trisakti Islamic Finance Practice with Mini Bank

WWW.REPUBLIKA.CO.ID, JAKARTA - Bank ready in collaboration with the University of Trisakti, to set up a mini Islamic banks. The facility can be used at the University of Trisakti students to practice the theory of Islamic finance.
Mini Mini Islamic bank called Bank Prof Sofyan Safri is designed to continue thinking the former dean of the Faculty of Economics, University of Trisakti who died some time ago. In addition to the mini Islamic bank, Bank ready to open branch offices (KCPS) Trisakti.
According to the Director of BNI Syariah, Rizqullah, mini bank for the development of Islamic banking industry. Mini-bank activity is devoted to forming human resources (SDI) to suit the needs of industry. "This could be a liaison agency between the practical and academic institutions," he said, Wednesday (14/3). (source)

INDONESIA - BANKING - BNI Syariah Posts Rp89.26 Billion Profit

www.theindonesiatoday.com - JAKARTA, Indonesia Today - PT Bank BNI Syariah booked net profit of Rp89.26 billion in 2011, expects to book profit of Rp73 billion in 2011, surged 143% Rp36.7 billion in previous year.

Operating income jumped 126% to Rp1.01 trillion from Rp447.9 billion in 2010, of which income from financing accounted for Rp786.64 billion. (source)

INDONESIA - INDEX - Margin refers to the results from the real sector index

www.bisnis.com - JAKARTA: While not using the system of interest, but Islamic banking has been making the interest rate on conventional industry as a reference for determining the level of yield and margin financing.
This is because the Islamic financial industry has not had a reference in determining the return for financing to individual industrial sectors.
However, the influence of interest in the conventional market for Islamic industry is perceived to be reduced because Bank Indonesia (BI) immediately launched an index rate of return of the real sector in the country. (source)

INDONESIA - BANKING - Profit BNI Syariah rocketed 100%

www.bisnis.com - JAKARTA: PT Bank Negara Indonesia Sharia optimistic to record profit doubled from a year earlier, to $ 73 billion at the end of 2011 from Rp36, 5 billion as at December 2010.

Business Director Islamic Bank Negara Indonesia (BNI Syariah) Bambang Widjanarko said since the beginning of the company is targeting earnings to grow 100% in comparison with the previous year.

"Fortunately, can thank double [earnings growth in 2011]. Initial target was increased 100%. Profit can not be great because we still strengthen internal and invest," he said, today Tuesday, February 7, 2012. (source)

INDONESIA - BANKIING - BNI Syariah's 2011 Profit Doubled

www.theindonesiatoday.com - JAKARTA, Indonesia Today - PT Bank BNI Syariah booked expects to book profit of Rp73 billion in 2011, doubled from Rp36.5% in previous year, Bisnis.com reported.

Bambang Widjanarko, business director of BNI Syariah, said the profit growth was mainly supported by margin from financing, internal management and investment.  (source)

INDONESIA - BANKING - BNI Syariah Micro To Open 50 stalls

www.bisnis.com - JAKARTA: PT Bank Negara Indonesia Syariah plans to open 50 outlets this year micro, add five outlets that have been launched in mid-January.

"We have launched a five outlets in the area of micro Depok and Bogor in mid-January. This year we plan to open a new outlet to total 55 units, "said Bambang Widjanarko BNI Syariah Business Director, the Business today. Sunday February 5, 2012 (source)

INDONESIA - BANKING - Islamic banking offers a bright outlook in 2012

WWW.REPUBLIKA.CO.ID,  JAKARTA – Indonesian Islamic banking believes the increasing Indonesian debt to become investment grade will indirectly affect business performance in 2012. The ongoing of economic condition and the increase of middle class society are important supports to Islamic bank performance this year.

After Indonesian debt-grade improves to investment grade –as stated by Fitch Ratings and Moody’s Investor Service- the capital flow to Indonesia is believed to grow. The Director of Business in BNI Syariah, Bambang Widjanarko, said, those factors are the stimulus for Indonesian economic development.  (source)

INDONESIA - BANKING - BNI Syariah To Add Three Branch In Jaksel

JAKARTA: PT Bank Negara Indonesia's Shariah branch will open three assistants in the South Jakarta area this year, employment closer to our customers.
Bambang Widjanarko, Director of Syariah Business Bank Negara Indonesia (BNI Syariah), says the three branches assistants (KCP) will be located in the vicinity Cilandak, Chief Polim and Sunday Market.
The opening of the three KCP is part of the company plans to open 105 outlets in the new branches throughout Indonesia for a year. (source)

INDONESIA - LIQUIDITY - Foreign banks may trade in sharia-based inter-bank money market

JAKARTA: Bank Indonesia invites foreign banks to inter-bank money market based on Islamic principles, expanding the pool of participants, and allow transactions using brokerage.

The central bank also relaxes the regulation of sharia-based money market by allowing transfer of ownership of instruments through sale and purchase agreement. (source)

INDONESIA - BANKING - BNI Syariah Optimistic Funding Increase 30 Percent

REPUBLIKA.CO.ID, JAKARTA - Funding of cheap funds (savings and current accounts) and expensive funds (deposits) in BNI Syariah still predicted to grow by 30 percent. This growth will be supported from the increasing public interest in cheap funds of Islamic banks.
Value of funding or the Third Party Funds (TPF) in targeted next year could increase from 2 to 2.5 trillion USD. While BNI Syariah deposits as of end of November reached Rp 7 trillion. "Society interest is now growing steadily, more and more interest to the cheap funding," said Director of Business BNI Syariah, Bambang Widjanarko, Wednesday (28/12).  (source)

INDONESIA - BANKING - BNI Syariah Financing Shutter Consumptive 1000 UI Lecturers and Employees

Jakarta, Bank Negara Indonesia (BNI) Syariah interlace cooperation with the University of Indonesia (UI) in developing the supporting facilities for the academic society UI to perform Umrah and Haj worship using consumer financing facility from BNI Syariah.

Business Director Bambang Widjanarko said BNI Syariah, in this cooperation by providing consumer financing for UI faculty and staff.  (source)

INDONESIA - BANKING - 7 Islamic Banks cooperate with Muhammadiyah

Jakarta (15/12) - A total of seven Islamic banks today conduct a joint collaboration with Muhammadiyah in terms of cash management. These banks are Bank Syariah Bukopin (BSB), Bank Syariah Mandiri (BSM), Bank Negara Indonesia (BNI) Syariah, Negar Savings Bank (BTN) Sharia, Bank Rakyat Indonesia (BRI) Sharia, Bank Muamalat Indonesia (BMI), and Bank Danamon Syariah.
Cooperation itself is set forth in the joint signing of a memorandum of understanding that made the Chairman of Muhammadiyah, Din Syamsudin with representatives of each Islamic bank at the House of Muhammadiyah Jakarta, Thursday (15/12).  (source)