Bank Mandiri will channel an additional Rp 800 billion ($83 million) in funds to its Shariah banking arm as the unit prepares to expand its services after next year’s initial public offering, a bank official said on Monday.
The bank, Indonesia’s largest lender by assets, will inject a total of Rp 1.1 trillion in capital to Bank Syariah Mandiri ahead of the Islamic finance unit’s listing on the Indonesia Stock Exchange (IDX)……………………………………Full Article: Source