The adjustment in statutory reserves requirement will be considered for the first quarter of this year. This consideration is based on the belief that the 2006 macro economy will reach a relatively stable level and thus liquidity of the banking sector can be relaxed. Third, Bank Indonesia will work steadily to improve public access to sharia banking services.
We are preparing a regulation that permits branches of conventional banks with a Sharia Unit to also provide sharia transactions through office channeling. By providing office channeling at conventional branches, banks will no longer need to open Sharia Unit branches in numerous locations to offer sharia banking services.