Get Ready! Merger Muamalat And BTN Syariah Targeted To Occur This Year

Photo: IST

JAKARTA - The merger of Bank Muamalat with the sharia business unit of Bank PT Bank Tabungan Negara (Persero) Tbk or BTN, will certainly occur this year.

This assurance was conveyed by the Minister of State-Owned Enterprises (BUMN) Erick Thohir while attending the 74th BTN anniversary event, in the Gelora Bung Karno Complex area, Jakarta, Sunday, March 3.

"This year we want to merge Bank Muamalat and BTN Syariah. That's what we will try to push this year," said Erick.

Meanwhile, the President Director of BTN, Nixon LP Napitupulu, revealed that his party is currently conducting reviews and deepening the corporate action plan.

Nixon said it is estimated that the merger of the Islamic business unit of Bank PT Bank Tabungan Negara (Persero) Tbk or BTN could be carried out in April 2024.

"Again due diligence. April (a corporate action estimate)," said Nixon.

Previously, it was reported that the Minister of State-Owned Enterprises (BUMN) Erick Thohir for the merger or the merger of Bank Muamalat and BTN Syariah could be completed in the near future. Erick installed a deadline for the merger not to exceed October.

"Banks of Muamalat and BTN Syariah if this can be combined the targets of March, April, May, basically before October," he said when met at JIExpo Kemayoran, Jakarta, Sunday, February 18.

According to Erick, if Bank Muamalat and BTN Syariah officially join, Indonesia will have a sharia bank whose scale is quite large apart from PT Bank Syariah Indonesia or BSI, it will even become the number 16 largest bank in Indonesia.

It could be the largest bank number 16 in Indonesia. That is, there is number 5 (BSI), there is a number 16 which is good. The market can have a good competition," he explained.