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Islamic Finance Briefing - Categorized | Banking, Performance more

Indonesia’s sharia banks to maintain returns

Posted on 17 February 2010

From Reuters: Indonesia’s Islamic banks could offer investors twice the returns of conventional lenders in coming years, driven by solid demand for Islamic products in the world’s most populous Muslim nation, and despite growing competition, a banker said.

Beny Witjaksono, president director of Bank Mega Syariah Indonesia, the country’s fourth-largest Islamic lender, told the Reuters Islamic Banking and Finance Summit he expected his bank to post a return on equity (ROE) of around 40 percent this year…………………………………Full Article: Source

 
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