Oplecenter Business & Finance News

ABN AMRO plans to launch Islamic banking services (Islamic Banking) as the development of international banking services in Indonesia.

“Islamic banking model, like that already exist in Indonesia. The plan Islamic Banking from ABN AMRO is to be operational in April 2008,” said the Country Head of Business Banking ABN AMRO Indonesia, Madi D Blue in Bandung, Tuesday.

Not mentioned earlier capital that will for Islamic banking from the bank. According to Madi everything was done market research and exploration.

“We still do an assessment and consultation with several prominent scholars in here, set up the infrastructure and assess appropriate service models for customers,” he said.

He acknowledged, the market potential for Islamic banking in Indonesia is quite large because the majority Muslim population. According to him, some customers assume that banking is more acceptable.

“Honestly, I see the development of such a bank was quite good. ABN AMRO always see the market demand, and it was a consideration for entry into that service,” he said.

However, he added, his side are still seeing demand from the public or potential customers.

“In principle we continue to get closer to customers in Indonesia,” he said.

ABN AMRO is a leading international bank with more than 4,500 branches in 53 countries. In Indonesia, the bank stood at 10 major cities with 15 branches namely in Bandung, Balikpapan, Denpasar, Jakarta, Manado, Makassar, Surabaya, Semarang, and Solo.

Banks based in the Netherlands were targeted disbursement of loan funds Rp1, 5 trillion by the end of 2008. One of them optimize business strategies in the financing sector, Small and Medium Enterprises (SMEs) through credit products business capital and WoCA Flexi BL.

The World Bank plans to establish an international fund of at least U.S. $ 250 million to combat deforestation which one cause of global warming, said the bank officials.

Of the bank’s target is a country that has a tropical rain forest area, Werner said a senior specialist engineer Kornexl in carbon finance unit.

The war against deforestation, is targeted to include countries in Latin America, Central Africa, and Southeast Asia, especially that absorb carbon-dioxide (CO2) in large numbers, such as Brazil, Congo, and Indonesia.

State target program will receive funds only after the assessed and verified to reduce carbon emissions, “he said.

Deforestation, which rose an average of five percent per decade, contributing 20 percent of total emissions of CO2 per year – or three billion tons of CO2, according to world bank report released last October.

“The developed countries (G8) asked us to design the facility (funding program), but this program we have done several times before,” said Kornexl. He said the World Bank officials hope to launch this program at the UN climate conference in Bali in December.

Bali conference is aimed to prepare a framework agreement for the success of the Kyoto Protocol, which ends in 2012.

Funding to combat deforestation program would include donors from the private and public, Kornexl said.

“The World Bank will not collect the money. The fund will be brought by investors and donors,” he said.

“Many companies are ready to invest in climate change activities and forestry, which are indicated by interests,” he said.

He said it would only declare the effectiveness of this program when we have something in common.

Forests provide 47 million jobs worldwide, according to WWF and covers 30-40% of the total land of the world.

Indonesia should only have three international banks with capital of at least Rp 50 trillion, in order to develop healthier, stronger and able to compete globally.

“Vision Indonesian Banking Architecture (API), achieving a healthy banking system, strong and efficient, with only three international banks,” said Associate Center for Education Research and Studies Bank Indonesia, Untoro, in Socialization Theory for journalists, Thursday (25 / 07), in Manado.

One of the three banks had almost qualified as international banks namely Bank Mandiri, since capital is able to achieve the required amount.

“Bank Mandiri’s not that easy to achieve, still many requirements that must be met by management, but when viewed from the side of allowing assets,” said Untoro.

API 2010, there are six pillars of the pillars of sound banking structure, effective management system, a system of independent and effective oversight, strong banking industry, adequate supporting infrastructure and the six pillars, consumer protection.

BI Leader Socialization opened Manado, Jeffrey Kairupan, showing Main Researcher Education and Study Center BI, Abdul Kadir, a matter of monetary policy, Economic Research Directorate Economic and Monetary Statistics, Ismet Isnono with material surveys Purwanto deliver BI and organization and management of central banks.

“The purpose of BI according to the mandate of Law No. 3 of 2004 of achieving and maintaining stability in the rupiah, to achieve this, the Bank has three tasks of setting and implementing monetary policies, regulate and maintain the smooth running of payment systems and regulate and supervise banks,” said Abdul Kadir.

Community expectations often become one of the factors that also contributed to the occurrence of an economy such as inflation, seen from the results of the BI survey showed a very close relationship with the reality of the field, said the material Isnono

Kookmin Bank contribute earthquake victims in Yogyakarta to the World Food Program (WFP) worth U.S. $ 100,000 (equivalent to Rp940, 3 million) through PT Bank Internasional Indonesia (BII).

Contributions submitted Bank BII President Director Henry Ho to WFP’s Deputy Country Director, Indonesia witnessed Representative Bradley Busetto Kookmin Bank Yong Kook Oh in BII Platinum Access, Thamrin Jakarta, Saturday.

Yong Kook Oh who is also a Commissioner of Bank BII said, Kookmin Bank’s contribution is part of BII collected funds for shareholders, employees and customers BII.

This donation will be distributed directly to disaster victims and reliable institutions, he said.

Regarding donations given to the WFP, he said aimed to provide food noodles and highly nutritious biscuits produced in Indonesia for the disaster victims in Yogyakarta and surrounding areas.

“We are very sorry for the occurrence of natural disasters that hit Indonesia in recent years, especially the earthquake that struck Yogyakarta and around, he said.

With the availability of food in sufficient quantity, the families who become victims of the earthquake can restructure their lives.

Bradley Busetto on this occasion to say, the funds needed to meet the food needs for the earthquake victims in six months is estimated at U.S. $ 5.58 million.

“We are very grateful for the support of Kookmin Bank and BII, he said.

Kookmin Bank is Korea’s largest bank is one of the shareholders of financial Sorak Holdings Pte Ltd, Consortium shareholders

Indover Bank, a bank which is owned by Bank Indonesia in Amsterdam Netherlands, denied the illegal practice because of all the accusations that had been presented in the media is not proven and the Dutch central bank (DNB) has conducted oversight of the Bank Indover.

“We deny the allegations of certain parties that the Bank Indover has done an unhealthy practice. We are still conducting its activities with reference to the principle of` prudential and `good corporate governance,” said Adji D Soenyoto, Indover Bank’s Chief Representative in Jakarta

He argued that because there are certain parties who claim that the Bank Indover in the Netherlands only a corruption agency officials and Indonesia did not benefit from the financial aspect. Therefore, Bank Indonesia as the owner must immediately divested.

“All the negative allegations against the Bank Indover was never proven. It issues long. Indover bank anyway it is always supervised by the Dutch central bank (DNB), so would not have done illegal practices,” he said.

De Nederlansche Bank (DNB) is known internationally known as one of strict central bank. In the role of bank supervision, DNB has a regular and intensive relations with the bank Indover. KPMG Netherlands, as a company accountant who has a reputation internationally and operate a bank auditor Indover

For those who continue cornering Indover Bank, continued Adji, management will do everything the way, including the legal route in order to show its commitment to maintain the good name and reputation of the company.

He argues, that the company’s financial condition is now improving, the situation is different than previously as a result of these steps “turn-around” implemented in 1998, including the transfer of non-performing loans (NPLs) to the Indo Plus. This is evident from the company’s financial statements (unaudited) as of the end of 2004.

One indicator of improvement is the position of Capital Adequacy Ratio (CAR) perseoran per end 2004. Indover Bank’s CAR as of end December 2004 increased to 46.8% from 43.3% in 2003 and 26.6% in 2002.

Indover Bank was born in 1828 and made Indover Bank as one of the oldest financial institutions in the Netherlands. Indover Bank currently specializes in the “Trade Finance” to serve the enterprises of small and medium enterprises in Europe and Southeast Asia, supported by a network of “correspondent banking” wide.

Indover Bank even has a single B + rating with “stable outlook” given by the Fitch-Ibca, an international reputable companies in the field of credit rating.

Indover bank, continued Adji D Soenyoto, offering products “standard” or “taylor-made” especially for companies import and export in several countries. Service our customers do the Amsterdam office, Hong Kong, Jakarta, Singapore and Hamburg.