Al Baraka Banking Group
Representative Office, Indonesia
In 2011 the Indonesian economy grew by an estimated 6.5%,compared with a growth rate of 6.1% in 2010. The current account surplus was estimated to be standing at 0.4% of GDP (0.8% in 2010). The rate of inflation was slightly better at 5.3% as compared with 2010's 5.7%.
The Indonesian government's policy in recent years has been one of encouragement of Islamic banking in the country, with a long term target of increasing Islamic banking assets to 5% of total banking assets. Due to the favourable regulatory environment, the growing economy and having the largest Muslim population in the world, Indonesia offers a very attractive operating environment for Islamic banks.
ABG's representative office serves as a base for the Group to conduct research on local banks and their potential for acquisition and for assessing the business potential of the country from the Group's perspective.
The representative office is also responsible for maintaining contact with regulators and major banking groups in Indonesia and for preserving the image and brand value of the Group. With trade flows between Indonesia and many of the countries where the Group operates growing rapidly, the Indonesia Representative Office pro-actively identifies business opportunities and generates leads that are directed towards ABG subsidiaries.
Mr. Moesfian Mokhtar
Ravindo Building, 10th Floor,
Jalan Kebon Sirih, No. 75,
Jakarta Pusat 10340,
TEL: +62 21 316 1345
FAX: +62 21 316 1074