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BNI cleared to separate sharia unit

Posted on 07 October 2009

From Thejakartapost.com: Shareholders of Bank Negara Indonesia (BNI), the country’s fourth-largest lender by assets, on Monday approved a plan to separate the bank’s sharia banking division to better tap into the hugely lucrative sector.

The separated unit, to be called BNI Syariah, will be equipped with a paid-up capital of Rp 1 trillion (around US$104 million), BNI president director Gatot Suwondo told a press conference after the company’s extraordinary shareholders’ meeting………………Full Article: Source

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