Indonesia Dealbook: IFC eyes Bank Muamalat stake; Bank Negara plans $287m NCD

Photo by Bank Muamalat

In developments related to Indonesia banking sector, IFC is said to be eyeing a stake in the country’s first Islamic lender PT Bank Muamalat Indonesia. State-owned PT Bank Negara Indonesia Tbk (BBNI) plans to issue negotiable certificate of deposit (NCD) of Rp4 trillion ($287.77 million) in 2016.

Bank Muamalat may see IFC come in as investor

Bank Muamalat will soon hold a rights offering and could see the World Bank’s private lending arm IFC coming in as an investor, the Jakarta Globe reported, citing Mulya Siregar, deputy commissioner in charge of monitoring banks at the Financial Services Authority (OJK).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter