BSI Signs MOU with Two Regional Development Banks to Expand Shariah Banking in Region

Bank Syariah Indonesia (BSI) has entered a collaboration through a Memorandum of Understanding (MOU) with two Regional Development Banks (BPD) in the country, to facilitate the expansion of Shariah banking in the region. The MOU relates to business and knowledge transfer in respect of Shariah banking services and products. The two BPDs that signed the MOU are, BPD Riau Kepri and Bank DKI Shariah Business Unit.

Why it Matters?

Ade Cahyo Nugroho, Director of Finance and Strategy of BSI stated, at a press conference held some time ago that BSI is ready to cooperate and partner with BPD Syariah and Shariah Business Units to improve and grow its products and services. BSI intends to collaborate with other BPDs in future to achieve greater penetration of Shariah...