Three state syariah banks–PT Bank BRISyariah Tbk (BRIS), PT Bank Syariah Mandiri (BSM), PT Bank BNI Syariah–will merge and become the largest sharia bank in Indonesia. Bank Negara Indonesia (BBNI), Bank Rakyat Indonesia (BBRI), and Bank Mandiri (BMRI) have signed a conditional agreement that will merge their Islamic subsidiaries.

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