Financial Services Authority (OJK) insists a merger of sharia banks and units of four state-owned banks (Bank Syariah Mandiri, BRI Syariah, BNI Syariah, and Syariah Unit of BTN). Final decision on the merger—which would create a sharia bank with total asset of Rp118 trillion (US$9.1 billion), however, is in the hands of state-owned enterprise minister Rini Soemarno.To subscribe please click here
