BRI Syariah Master the Market for 14 percent of East Java

Tuesday, May 3, 2011 Label:
Bank Rakyat Indonesia (BRI) dominated Islamic Sharia banking market to 14 percent in East Java. Data from the Syariah BRI Java, Bank Umum Syariah (BUS) was recorded performance of assets to Rp 860.63 in the first quarter of 2011.

Main Branch Leader BRI Syariah Java, Mulyatno Rachmanto, said there was an increase of 600 percent of assets from its inception at the end of 2008. Assets''we rose from Rp 138 billion,''said Mulyanto the Republika on Tuesday (3 / 5).

BRI Syariah Java provides third-party funds (TPF) of Rp 802 billion. Meanwhile, funding amounting to Rp 632 billion. Special deposits, time deposits still dominate the fund-raising to 70 percent. The rest are current and savings accounts with their contribution of five percent and 25 percent.

Data from the Bank Indonesia East Java, the total market share of Islamic banking in the area of new 2.85 percent. With the market at 2.66 percent and deposits by 3.5 percent financing.
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