10.05.2012 - Bank Islam mulling acquisition of Indonesia’s Bank Muamalat
Malaysia’s Bank Islam, the country’s second largest Sharia bank is still exploring plans for a potential acquisition of a stake in PT Bank Muamalat in Indonesia, said its group managing director and CEO Johan Abdullah. “We are still collecting data and nothing is concrete yet. We like Indonesia because the market is robust and the infrastructure is readily available for us to go in there,” he told reporters after BIMB’s AGM on Tuesday...............................................Full Article: Source
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