Kamis, 19 April 2012

INDONESIA - BANKING - Gold Pawn Contribute Largest Fee Income Based BSM

WWW.REPUBLIKA.CO.ID, JAKARTA - Pawning gold became the largest contributor to fee-based income for the Bank Syariah Mandiri last in 2011. BSM closed the year with a record Rp 2.2 trillion for the pledge of gold.

But since Bank Indonesia imposed rules, pawn gold in BSM fell by half. As of April pawn value of gold that was left was Rp 1.3 trillion. "BI Directives require banks that have mortgage

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