05.06.2009 - Indonesia's BNI to launch separate sharia unit this year

From Reuters: Indonesia's fourth-largest lender by assets, PT Bank Negara Indonesia Tbk, plans to set up its sharia banking business as a separate unit later this year, an executive said on Thursday. Ismi Kushartanto, head of BNI's sharia unit, told Reuters via a mobile text message that BNI would set aside 500 billion rupiah ($49 million) in minimum paid-up capital for separating the unit, as required by the central bank.........Full Article: Source

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