Islamic Finance

Indonesia’s BRI plans listing of Islamic banking unit in early 2018 -CEO

| 11 August, 2017
Indonesia’s BRI plans listing of Islamic banking unit in early 2018 -CEO
Photo: A woman walks past a Bank Rakyat Indonesia (BRI) automated teller machine (ATM) in Jakarta December 4, 2009. REUTERS/Crack Palinggi

JAKARTA - Indonesia's state-controlled lender, PT Bank Rakyat Indonesia (BRI), plans to launch an initial public offering for its Islamic banking unit, PT Bank BRI Syariah, the lender's chief executive, Suprajarto, told reporters on Friday.

The company aims to launch the IPO early next year to raise 1.5 trillion rupiah ($112.31 million), said Suprajarto, who uses one name, like many Indonesians.

($1=13,356 rupiah)

(Reporting by Cindy Silviana; Editing by Clarence Fernandez)

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