BigBussiness – Minister of State (BUMN) Erick Thohir said Indonesia wanted a global-caliber national Islamic bank.
The plan is for this process to be achieved by merging three state-owned Islamic banks, namely PT Bank BRIsyariah Tbk, PT Bank BNI Syariah and PT Bank Syariah Mandiri.
“The signing of the Conditional Merger Agreement (CMA) is the beginning of a historic process for the birth of a global Islamic commercial bank of a global caliber. I am optimistic that the Syariah Bank will be a new source of energy for the Indonesian economy as a result of the merger. “The performance of Islamic banks in the second quarter was very high. This merger will make the position of the National Islamic Bank larger and more solid, so that more Indonesians can benefit from the presence of this national Islamic bank,” said Erick Thohir in a statement in Jakarta, Tuesday (13/10/2020).
The signing of the CMA for integration and value improvement of BUMN Sharia banks involves PT Bank BRIsyariah Tbk, PT Bank BNI Syariah and PT Bank Syariah Mandiri.
Three mergers of sharia banks, government guarantees No layoffs
The signing of the CMA took place in Jakarta on Monday (12/10) night by the President of Bank BRIsyariah Ngatari, the President of Bank BNI Syariah Abdullah Firman Wibowo, and the President of Bank Syariah Mandiri Toni EB Subari.
Also signing the agreement, President Director of Bank BRI Sunarso, Director of Bank BNI Institutional Relations Sis Apik Wijayanto, and Acting President Director of Bank Mandiri Hery Gunardi.
After that, the merger process was continued with information to the Indonesian Stock Exchange (IDX) and the Financial Services Authority (OJK) on Tuesday (13/10).
Erick added that the government has carefully planned the establishment of the first largest Islamic commercial bank in Indonesia. With a Muslim majority population, Erick considered that the potential of Islamic banking is still very large, while providing opportunities for the public or business community to be more comfortable using the Islamic banking system.
“Indonesia’s desire to have the largest national Islamic commercial bank by 2021 is part of the government’s efforts and commitment to develop and turn the Islamic financial economy into a new pillar of national economic strength,” Erick said.
Merger, BUMN Sharia Bank to enter the top 10 in the world
According to him, in the long run, this strategy will also encourage Indonesia to become one of the world’s Islamic financial centers.