BTN Syariah’s Plan to Acquire Bank Muamalat
BTN Syariah is preparing to acquire Bank Muamalat. It is the latest option to improve the financial health of Bank Muamalat, despite the move being rejected by the MUI.
Ghoida Rahmah
March 18, 2024
AFTER holding the annual general shareholders meeting on March 6, Nixon Napitupulu, Chief Executive Officer (CEO) of Bank Tabungan Negara (BTN), had a number of new targets to meet. In addition to improving performance, Nixon must realize the consolidation of BTN Syariah—the BTN sharia banking business unit—with Bank Muamalat Indonesia. “We are carrying out due diligence, which usually takes three months. We’ve done i
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