INDONESIA - BANKING - BIMB awaits response from Indonesian bank

www.thestar.com.my - KUALA LUMPUR: Bank Islam Malaysia Bhd (BIMB)is awaiting response from an Indonesian Islamic bank on its proposed offer to acquire 30% to 40% stake, said managing director Datuk Seri Zukri Samat.
Zukri said the proposed acquisition was part of BIMB’s move to expand its overseas operations.
“BIMB has identified one bank and has indicated its offer to them but so far, we have yet to receive any response to our proposal,” he said.  (source)

INDONESIA - BANKING - Bank Islam eyes stake in Indonesian bank

www.bttimes.com.my - Bank Islam Malaysia Bhd, the country’s oldest Islamic bank, is in early talks to buy a stake in PT Bank Muamalat Indonesia, sources said.

Bank Muamalat is Indonesia’s second largest Islamic lender.  “The size of the stake could be slightly below the mandatory general offer trigger level (of 33 per cent)... it ultimately depends on Bank Muamalat’s shareholders,” one of the sources told Business Times. (source)