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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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BNI cleared to separate sharia unit

  • The Jakarta Post

Jakarta | Tue, October 6 2009 | 10:08 am

PREMIUM 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 confe...

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