NEW MERGED INDONESIAN ISLAMIC BANK SEEMS TO UNLEASH POTENTIAL IN WORLD’S LARGEST MUSLIM MARKET
May 27th, 2022
Despite its promising outlook and early results, Indonesia’s largest Islamic bank has its work cut out to achieve economies of scale needed to compete globally and even at home, where knowledge of sharia-compliance banking systems remains poor, say analysts and officials.
Bank Syariah Indonesia (BSI) was formed last February (2021) from a merger of the Islamic banking units of Indonesian state-owned banks, Bank Syariah Mandiri, BRI Syariah and BNI Syariah, making it the country’s seven largest bank with a 2.5%-share of industry assets. Its goal is to become ...
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