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Islamic Finance Briefing - Categorized | Banking, Finance, Market Moves more

Indonesia’s BCA plans to launch sharia bank in Sept

Posted on 20 May 2009

From Reuters: Indonesia’s third-largest lender, PT Bank Central Asia Tbk, is planning to launch a sharia bank in September following its acquisition of a small bank last year, its vice president director said on Tuesday.

BCA, which has a market capitalisation of nearly $7.9 billion, acquired Bank UIB in October last year and planned to convert the small lender into a sharia bank as part of its effort to tap a growing Islamic banking segment………..Full Article: Source

 
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