Announced
Financials
Sources
Tags
Merger
Friendly
Pending
commercial banking
Indonesia
banking
Private
Banks
Domestic
Majority
Single Bidder
Synopsis
PT Bank BRISyariah, a commercial bank, agreed to merge with PT Bank BNI Syariah and PT Bank Syariah Mandiri, Indonesia’s state Islamic banks. Financial terms were not disclosed. "The resulting bank will raise Indonesia’s profile on the global stage and revive the domestic Shariah economy. The merged entity will also look at global sukuk that can be sold in the Middle East,” Hery Gunardi, Bank Mandiri Vice President Director.
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