Bisnis.com - Rabu, 28 Desember 2011 | 12:42 WIB

JAKARTA: PT Bank Muamalat Indonesia Tbk is eyeing the corporate financing growth of 39% to IDR12.25 trillion in 2012, by focusing on the disbursement for energy sector.

Under such growth, the corporate financing portion will stay at 40% of the total financing-portfolio, trailing the retail financing portion of 60%.

“In the meantime, corporate financing in the end of November goes near to IDR9 trillion,” Corporate Director of Bank Muamalat Luluk Mahfudah said yesterday.

So far, the sharia-based lender channels most of its corporate financing to energy sector with subsector of power plant construction, oil and gas contractor, and mining.

Facing the global turmoil in 2012, it will prefer disbursing the loan to a more resistant sector against crisis rather than the vulnerable sectors to the government’s policies, such as transportation which is overshadowed by fuel subsidy restriction.

To support the expansion of corporate financing, Bank Muamalat will also bolster loan under syndication to IDR1.23 trillion, or a 25% increase from this year’s target of IDR981 billion.

Meanwhile, the syndicated financing of Bank Muamalat until September 2011 was IDR576 billion, channeled for gas and natural oil projects, power plant, tanker vessel, carter aircraft, and mining.

By the end of 2011, the oldest sharia bank in Indonesia has a syndicated financing project to disburse worth US$45 million for gas and natural oil sector and steam power plant.

The growth of corporate financing in the period of January to November 2011 rose 18.42% to IDR9 trillion, from IDR7.6 trillion in 2010, while gross non-performing financing at 4%.