null Indonesia's largest Islamic bank starts operations
Indonesia's largest Islamic bank starts operations
2 Feb 2021 | Tuesday Source: Today Online
President Joko Widodo launched operations of Indonesia's largest Islamic lender on Monday in a move to boost the sharia finance industry in the world's largest Muslim-majority nation.
Bank Syariah Indonesia was formed by merging Islamic banking units of Indonesia's state-lenders BNI Syariah and Bank Syariah Mandiri into BRI Syariah, combining 240 trillion rupiah ($17.13 billion) in assets and core capital of 22.6 trillion rupiah as of December 2020.