October 27, 2020, 08.51 PM

The merger of sharia banks

The vice president called on the people to not be worried about the merger of the three state-owned sharia banks as this will not affect micro, small and medium enterprises in accessing capital.

“With these various policies, people should not be worried as the policies will not block small and medium enterprises’ access to capital,” he told the webinar participants.

The policy includes the government intervention through the Revolving Fund Management Agency (LPDB) at the Ministry of Cooperatives and microcredit program (KUR) provided by shariah banks for the micro, small and medium enterprises.

Also read: Finance Minister Expects Indonesian Economy to Grow 0.5 percent in Q3

“The merger of the three sharia banks is actually to pave the way for a complete sharia financial ecosystem,” he said.

“By combining the three sharia banks, the new sharia bank later will be more competitive at the global level.” 

The merger process has been carried out following the signing of the Conditional Merger Agreement. It is hoped that the merger entity will be fully operational in February 2021.

(Writer: Deti Mega Purnamasari | Editor: Krisiandi, Bayu Galih)

Sources: https://nasional.kompas.com/read/2020/10/27/11431761/wapres-sebut-ekosistem-ekonomi-keuangan-syariah-di-indonesia-lengkap.

https://nasional.kompas.com/read/2020/10/27/11102291/rencana-merger-tiga-bank-syariah-wapres-minta-masyarakat-tak-khawatir.

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