Assets Surpass Rp 460 Trillion, BSI Enters Top Five National Banks
PT Bank Syariah Indonesia Tbk (BSI) is beginning to demonstrate dominance among the ranks of major national banks. In the first quarter of 2026, BSI officially entered the top five national banks in terms of assets and profits.
Amid global economic uncertainty and tight banking liquidity competition, the state-owned Islamic bank recorded double-digit profit growth. As of March 2026, BSI’s profits reached Rp 2.2 trillion, an increase of 17.1% compared to the same period last year.
BSI President Director Anggoro Eko Cahyo stated that this achievement represents an important momentum for BSI, which is no longer competing only at the Islamic banking level.
“BSI not only leads the Islamic banking market but is also increasingly competitive in the national banking sector,” Anggoro said during the presentation of BSI’s first-quarter 2026 performance on Tuesday (12/5/2026).
BSI’s total assets as of the first quarter of 2026 stood at Rp 460 trillion, growing 14.78% annually. This growth was supported by third-party funds (DPK) that rose to Rp 377 trillion.
The largest contributor came from savings growth. BSI recorded savings growth of 20.18% to Rp 160 trillion. This figure is the highest among major national banks.
According to Anggoro, the growth in these low-cost funds was primarily supported by hajj savings. As of the first quarter of 2026, the number of BSI hajj savings accounts reached 7.25 million accounts with managed funds of around Rp 15.65 trillion.
BSI also recorded that approximately 83.5% of Indonesian hajj pilgrims this year departed through BSI.
“Hajj savings have become BSI’s strength in building sustainable low-cost funds,” Anggoro stated.
He mentioned that a new trend has also emerged in recent years. Young people are now beginning to dominate the opening of hajj savings and gold investments.
BSI noted that customers aged 21-40 years have become the largest group in new customer growth. According to Anggoro, this condition shows that society is starting to prepare for worship from a productive age.
“The next source of growth is indeed the young generation,” he said.
In addition to hajj, the gold business is starting to become a new growth source for BSI. Commission-based or fee-based income grew 22.3%, mainly driven by gold services such as pawning, instalments, and digital gold savings.
BSI Finance and Strategy Director Ade Cahyo Nugroho stated that the number of BSI gold savings customers has now surpassed one million users. Yet, the service has only been running for about a year.
“What we are promoting is not people buying gold due to price speculation, but building long-term saving habits,” Ade said.
He added that society can now buy gold starting from Rp 50,000 through BSI’s BYOND application. As of the first quarter of 2026, BYOND users reached 6.55 million with transaction values of Rp 223 trillion.
On the financing side, BSI also recorded growth of 14.39% to Rp 329 trillion. Financing quality remains maintained with a gross non-performing financing (NPF) ratio of 1.8%. BSI assesses that the combination of hajj, gold, and digital services business will become the main pillar of the company’s growth going forward.