BNI Syariah Optimistic Funding Increase 30 Percent

December 29, 2011 By: admin Category: ISLAMIC BANKING

Funding of cheap funds (savings and current accounts) and expensive funds (deposits) in BNI Syariah still predicted to grow by 30 percent. This growth will be supported from the increasing public interest in cheap funds of sharia banks. Value of funding or the Third Party Funds (TPF) in targeted next year could increase from 2 to 2.5 trillion USD. While BNI Syariah deposits as of end November 2011 reached Rp 7 trillion. Director of Business BNI Syariah, Bambang Widjanarko stated that public interest is now growing steadily, more and more interest to cheap funds. Growth funding, he added, will be supported by strong domestic economy. Europe’s debt crisis is predicted to be relatively minor in the country. In addition, the rise in Indonesia’s debt rating to be worth the investment would create stronger economic conditions. As for financing, BNI Syariah 40-50 percent growth target. Financing that has been distributed as of November 2011 has reached USD 6 trillion. Bank ready for next year will still focus on the retail sector and consumer financing. Retail and consumer finance sector will rely on two products that is housing Griya iB Hasanah Hasanah and card financing. Next year, BNI Syariah targeting can channel Griya Hasanah financing of up to Rp 3 trillion. As for the card Hasanah, BNI Syariah targeting could raise up to 150 thousand cards. Of that amount, outstanding financing is estimated to reach Rp 278 billion. While in late November 2011, the value of card transactions Hasanah has reached Rp 516 billion. In addition to these sectors, BNI Syariah will serve commercial financing with no value will be more than 20 percent of the financing portfolio. Commercial financing channeled into infrastructure sector is still dominated with a ceiling of more than Rp 10 billion. By the end of November 2011, commercial financing channeled reach USD 1 trillion.