RI Has Giant Sharia Banks, Will Do Business Up to Arabia
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16 October 2020

RI Has Giant Sharia Banks, Will Do Business Up to Arabia

Jakarta, CNBC Indonesia - Head of Project Management Office (PMO) and Deputy President Director of PT Bank Bank Mandiri Tbk (BMRI) Hery Gunardi said that the wholesale banking business in Islamic finance is still considered slow to grow in state-owned Islamic banks.

He said the merged bank would have the ability to be able to bring domestic companies, such as other state-owned companies, to be able to raise funds to the global market.

"So it's not a consumer, just retail. So wholesale is also both local and international," he added.

The three banks will soon carry out the merger process and are targeted to be completed in February 2021.

After this merger,BRIS will become a survivor entity or the one receiving the merger with and shareholders of BNI Syariah and shareholders of BSM, will become shareholders of the entity that receives the merger.


As for the position in June 2020, the asset value of these three banks was recorded at IDR 214.6 trillion with an equity value of IDR 20.4 trillion.

Until the end of the year, it is estimated that there will be an increase in assets up to Rp. 220 trillion-Rp. 250 trillion with a profit for the year of Rp. 2.2 trillion.

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