PT Bank Syariah Indonesia Tbk (BSI) recorded a robust profit of IDR 3.74 trillion in the second quarter of 2025, marking a 10.21% year-on-year increase. This growth places BSI among the fastest-growing banks in Indonesia. The bank's success is primarily driven by its gold business and Islamic ecosystem services, particularly Hajj and Umrah offerings. “This strong performance is a result of our consistent focus on core Sharia banking businesses,” said BSI’s President Director, Anggoro Eko Cahyo.

Digital Transformation Accelerates Access and Customer Engagement

BSI’s gold and Hajj business growth is strongly supported by digital innovation. The bank’s services are accessible through the BYOND mobile banking application, facilitating ease of access for customers. The company also launched a bullion banking service in February 2025, enabling 24-hour gold trading with competitive pricing. With 4.49 million BYOND users and extensive ATM, agent, and merchant networks, BSI continues to enhance its digital banking footprint.

Robust Financing Growth Outpaces National Banking Industry

By mid-2025, BSI's financing portfolio expanded 13.93% year-on-year to IDR 293.24 trillion, surpassing national banking industry growth rates. Retail and consumer financing, including gold financing, contributed 72.22% of total financing. Gold financing alone surged by 88.25% to IDR 16.88 trillion, with gold installment financing jumping 155.41%. These strong figures lifted consumer financing growth by 16.20% to IDR 162.19 trillion. The bank maintained high financing quality with a gross non-performing financing ratio of 1.87%, outperforming the industry average of 2.22%.

Strategic Fund Management Enhances Profitability and Asset Quality

Ade Cahyo Nugroho, BSI’s Finance and Strategy Director, highlighted that efficient management of low-cost funds supports the bank’s profitability. Third-party funds grew 8.83% year-on-year to IDR 323 trillion, driven by payroll ecosystems and Hajj-related deposits. The bank’s current account savings account (CASA) ratio stood at a healthy 61.78%, totaling IDR 199.48 trillion. Margin income increased 16.61% to IDR 14.09 trillion, while fee-based income rose 18.37% to IDR 2.94 trillion. Total assets held steady at IDR 401 trillion.

BSI’s Role in Supporting Indonesia’s Inclusive and Sustainable Economic Programs

BSI actively supports government initiatives for inclusive economic growth under the "Asta Cita" program. The bank facilitates Islamic microfinancing (KUR Syariah), subsidized housing financing, and cooperatives in underdeveloped regions. Environmental commitments include green financing worth IDR 15.32 trillion and funding for eco-friendly vehicles totaling IDR 297 billion. The bank also issued ESG Sukuk Sustainability bonds amounting to IDR 8 trillion in 2025. Social contributions include IDR 124 billion in corporate zakat and IDR 20 billion from employees, alongside social financing of IDR 57.54 trillion.

PHOTO: BSI

This article was created with AI assistance.