Wednesday, October 6, 2010

Bank Muamalat plans issue IDR1 trilion bonds

PT Bank Muamalat Indonesia, Indonesia's leading Islamic bank, aprivately held Islamic financial services company, plans to sell as much as 1 trillion rupiah of Islamic bonds in the second half of 2011.
During the year 2009, BMI recorded 27% in asset growth, above the average asset growth of the national banking that ranges from 10%.
The progress of business is demonstrated from the growing of offices number and alliances. The offices number increased 62 units to 286 offices, while the post office alliance reached 4,000 units that previously amounted to about 3,000 units.
Post-Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of the Shareholders (EGMS) held at end of June 2010.
EGMS has approved an increase in capital through new share offering maximally 820,251,749 shares with an exercise price of Rp 1,161 per share.

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