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More sharia banks planned in Indonesia

Posted on 14 February 2011

From Asianbankingandfinance.net: Several banks expressed interest in establishing sharia banks in Indonesia. According to Bank Indonesia director for sharia banking Mulya Siregar, the list includes Bank Kesawan, which has just recently been acquired by Qatar National Bank; Malaysia’s Affin Bank Bhd., which owns Bank Ina Perdana Indonesia; and Bank Sinarmas.
“[Affin Bank] hinted last year that they wanted to buy a bank in Indonesia and convert it to a sharia bank, but the deal is not yet done… Sinarmas is planning to spin off its sharia unit in 2012. They have come, expressed their interest and presented their plans, but we have not received any formal letters,” he said……………………………………….Full Article: Source

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