Agreement! Merger Bank Syariah, Mandiri owns 51% of BRIS shares



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Jakarta, CNBC Indonesia – The merger of the three state-owned Islamic banks will subsequently make PT Bank Mandiri Tbk (BMRI) the majority shareholder of PT Bank BRISyariah Tbk (BRIS), as the merged bank (surviving entity) with 51% ownership.

The other composition of shareholders is PT Bank Negara Indonesia Tbk. (BBNI) 25.0%, PT Bank Rakyat Indonesia Tbk (BBRI) 17.4%, DPLK BRI – Sharia shares 2% and the public 4.4%.

The banks that will join Bank BRISyariah in the mega merger of sharia banks BUMN are PT Bank Syariah Mandiri (BSM) and PT Bank BNI Syariah.


Head of Integration of the Project Management Office (PMO) and Value Enhancement for BUMN Sharia Banks, as well as Deputy Director Bank Mandiri Hery Gunardi said that the total assets of the merged bank will reach 215.6 trillion rupees with a core capital of more than 20.4 trillion rupees.

reTherefore, the merged bank will be listed among the top 10 largest banks in Indonesia in terms of assets and among the top 10 largest Islamic banks in the world in terms of market capitalization.

The merged bank will remain a public company and will be listed on the Indonesian Stock Exchange under the ticker code (ticker code) BRIS.

“This integration is more than just corporate action. Protecting and building the largest Islamic bank in the country is actually a great mandate. I, on behalf of PMO, received a mandate from the Government through the Ministry of BUMN to continue to oversee no only legal mergers, but also ensuring the presence of Islamic banks. “This larger national nation can truly benefit many people and bring Indonesia’s name to the world stage as the center of the world’s Sharia economy,” Hery said. in a press release, Wednesday (10/21/2200).

In the future, BRIS will have solid capital and assets in terms of finances, human resources, information technology systems, as well as financial products and services to meet the needs of clients in accordance with Sharia principles.

So in the future this bank is expected to be increase penetration of Islamic assets as well as increase competitiveness to achieve the vision of becoming one of the 10 largest Islamic banks by gross capitalization globally in the next 5 years.

BRISyariah CEO Ngatari said the merger phase will still have a long way to go for the company according to regulations. He said this merger would prioritize employees, customers, business partners, and maximum benefits for the community.

In line with that, BNI Syariah Bank President and Director Abdullah Firman Wibowo added that Merged Bank’s strategy and business plan as outlined in the Merger Plan is in line with the Government’s efforts to realize the ecosystem halal and developing the sharia economy in Indonesia.

The president and director of Bank Syariah Mandiri (BSM), Toni EB Subari, explained that this merger combines the strengths of three state banks of the Sharia, so that this bank will later have 1,200 branches and 1,700 ATM networks, and has the support of 20,000 employees spread across Indonesia.

This bank will also provide sharia-based financial services, social and even spiritual services for more clients.

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