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Islamic Finance Briefing - Categorized | Banking, Performance more

Indonesia Mandiri targets 50 pct increase in profit

Posted on 25 March 2013

Bank Syariah Mandiri, the Islamic unit of Bank Mandiri, the country’s largest lender by assets, is targeting its profit to increase 50 percent this year as it seeks to boost its branches across Indonesia.
Yuslam Fauzi, president director of BSM, said in Bogor on Thursday that the lender aims to reach profit of Rp 1.2 trillion ($123.7 million) this year from Rp 800 billion last year. Yuslam was speaking in Bogor during a signing ceremony between postal service Pos Indonesia and BSM. Yuslam said that as profit rose last year, its assets also increased to Rp 55 trillion………………………………………..Full Article: Source

 
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