Bank BSN Posts 40% Profit Growth to Rp643.6 Billion in First Year of Operations
PT Bank Syariah Nasional (Bank BSN) booked a gross profit of Rp643.6 billion up to the end of July 2026, an increase of 40 percent year-on-year (YoY). In the same period, BSN’s assets grew 22.2 percent YoY to Rp81.1 trillion after one year of operations following the spin-off of BTN’s sharia business unit and the integration of Bank Victoria Syariah.
The asset growth was in line with financing disbursement, which rose 25.7 percent YoY to Rp62 trillion. Meanwhile, third-party funds increased 14.8 percent YoY to Rp64.1 trillion.
President Director of PT Bank Tabungan Negara (Persero) Tbk Nixon LP Napitupulu expressed appreciation for Bank BSN’s performance in recording positive growth in its first year of operations.
“BTN greatly appreciates the performance of our colleagues at Bank BSN, who in a short period have been able to realise the big dream of becoming the second-largest sharia bank in Indonesia,” Nixon said in his remarks at the first anniversary celebration of BSN in Jakarta on Thursday (20/8).
Nixon advised Bank BSN to maintain its growth and preserve its strength in housing sector financing. He also asked Bank BSN to strengthen partnerships with new partners and maintain the cooperation that has been established with Nahdlatul Ulama (NU) and Muhammadiyah.
President Director of Bank BSN Alex Sofjan Noor said the achievements in the first year of operations show that the institutional transformation process, from the acquisition of Bank Victoria Syariah to the spin-off in December 2025, has been effective.
“Bank BSN’s transformation is not merely a change of name or institution. What is far more crucial is how this change provides real added value, strengthens performance, and brings benefit to all stakeholders,” Alex said.
Amid financing expansion, Bank BSN has also maintained the quality of its earning assets. The housing sector is one of the main pillars of the company’s financing growth.
During the first seven months of 2026, BSN disbursed subsidised mortgages for 33,222 housing units. By the end of the year, the company is targeting subsidised mortgage disbursement of 69,636 units, up from the 2025 realisation of 59,463 units.
Meanwhile, non-subsidised mortgage financing up to July 2026 reached Rp2.68 trillion, growing 21.42 percent YoY. The outstanding position of subsidised mortgages was recorded at Rp37.95 trillion, up 24.18 percent YoY, while non-subsidised mortgages reached Rp18.64 trillion, growing 18.56 percent YoY.
Growth was also supported by digital channels. Through the Bale Syariah by BSN platform, the company has more than 225,000 active users with accumulated transactions of more than 2 million and a transaction volume of Rp4.88 trillion as of July 2026.
Chairman of PP Muhammadiyah Haedar Nashir said Bank BSN’s growth should be followed by a strengthening of its role in community economic empowerment, particularly in the micro, small, and medium enterprises (MSMEs) sector.
“Muslims are the majority of the population in this country, yet in terms of economic quality they still face the challenge of lagging behind. The presence of Bank BSN is expected to become a strategic pillar that supports and advances the economic condition of the ummah, particularly in the micro, small, and medium enterprises (MSMEs) sector,” he said.
Haedar encouraged stronger cooperation between Bank BSN and PP Muhammadiyah, Muhammadiyah charitable enterprises, and the ’Aisyiyah organisation to produce more concrete programmes that are easily accessible to the public.
“Muhammadiyah continues to work to build initiatives in education, health, and community economy in frontier and remote areas. Cooperation with BSN must be well targeted so that it can provide the greatest benefit and blessing for the nation’s progress,” Haedar said.