PT Bank Syariah Mandiri wants to be the parent company, PT Bank Mandiri Tbk (BMRI),providing funds for capital injections in 2013.

         PT Bank Syariah Mandiri wants to be the parent company, PT Bank Mandiri Tbk (BMRI),providing funds for capital injections in 2013.

PT Bank Syariah Mandiri wants to be the parent company, PT Bank Mandiri Tbk (BMRI),providing funds for capital injections in 2013. The capital required for the expansion ofthe company into the future.

Director of Bank Syariah Mandiri Yuslam Fauzi explained, additional capital mayincrease the expansion of Islamic banking business in the future. "We've shot this year to Rp 300 billion. Hopefully next year will also receive the same funds," said Yuslam inJakarta, Monday (24/12/2012).

According Yuslam, capital injections from the parent company will increase its capital adequacy ratio (capital adequacy ratio / CAR) of the company to remain at levels above12 percent. Currently, the company is still in the CAR ratio level of 14 percent, still higher than the standard Bank Indonesia (BI). However Yuslam claimed not to know the time ofthe capital injection plan tersebut.Pihaknya will submit to the Bank as the main shareholder of the company.

"The issue of capital added, it depends on the bank. We will follow their business plan," he added.

Just for the record, the Bank credit expansion this year targeted to increase by 20-25 per cent. But for Bank Syariah Mandiri, funding is targeted to rise 35-45 per cent.

With the expansion, it wants no additional capital to expand their businesses could close. Moreover, payment of income to the bank also is expected to increase every year.

"This year alone, the total profit subsidiary of Rp 2 trillion. BSM has mengontribusikanabout 50 percent or Rp 1 trillion. We hope that the future will continue tomengontribusikan profits to the parent at least Rp 1 trillion," he added.