Jakarta. Bank Syariah Indonesia (BSI) delivered a strong performance in the third quarter of 2025, posting double-digit growth across key financial indicators and outperforming the industry.
Key Highlights
- BSI’s financing (loans) reached IDR 300.85 trillion in Q3 2025, up 12.65% year-on-year.
- Of that financing, the retail, MSME and consumer segment (including gold) contributed IDR 217.86 trillion (72.42%), while the wholesale segment contributed IDR 82.89 trillion (27.58%).
- Assets rose 12.37% to IDR 416 trillion.
- Deposits (funds collected from the public) reached IDR 348.38 trillion, up 15.66% YoY; of these, 59.42% were low-cost funds (CASA).
- In the gold business (introduced after the government’s bullion service launch on 26 Feb 2025), gold financing surged 72.82% YoY to IDR 18.76 trillion: gold installments were IDR 10.32 trillion (growth 106.36% YoY) and gold pawn (gadai) financing was IDR 8.44 trillion (growth 44.19% YoY).
- Gross Non-Performing Financing (NPF) stood at 1.86%, improving from the previous period and better than the industry average.
- Digital transformation also accelerated: the “BYOND by BSI” user base reached 5.23 million (up 164% year-to-date), and other digital/distribution metrics also expanded.
Strategic Drivers
BSI credited its strong Q3 performance to a combination of favourable factors:
- Support from the government, including economic stimulus programs and the establishment of a “Bank Emas” (Gold Bank) on 26 Feb 2025, helped bolster the Islamic banking and finance ecosystem.
- The central bank’s downward adjustment of its benchmark rate (BI Rate) and placement of special funds (SAL) created more accommodative liquidity conditions for banks. For instance, BSI received SAL placement of IDR 10 trillion which has been fully absorbed.
- A strategic focus on growing low-cost deposits (especially savings) with unique Sharia-proposition products: in 2025 BSI is targeting savings growth of 19% and business savings growth of 55%.
- Emphasis on gold-based financial products which are gaining traction among consumers and MSMEs.
- Continued investment in IT and digital infrastructure to broaden market coverage, boost profitability and provide faster, more efficient, inclusive services.
Outlook
BSI remains optimistic heading into the end of 2025. The bank intends to:
- Sustain financing growth in healthy, resilient segments.
- Continue its digital transformation journey, enhancing service speed, efficiency and inclusivity.
- Strengthen its human capital (SDM) and IT/infrastructure capabilities to support the rising customer base (currently 22.6 million users) and scaling business.
Why This Matters for Investors & Industry Observers
- The growth of Islamic finance in Indonesia is being underpinned by both retail/consumer demand and strategic government support—BSI’s performance exemplifies this trend.
- The bank’s strong low-cost deposit growth (CASA) enhances profitability potential, as low-cost funds reduce funding cost.
- A controlled NPF ratio (1.86%) suggests the bank is managing its asset quality well even while expanding rapidly.
- The gold financing business highlights a niche growth area in Islamic banking, reflecting both product innovation and consumer appetite.
- Digital expansion is aligning with industry shifts toward fintech integration and inclusion.
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