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.

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