Bank BSN Targets Rp87 Trillion in Assets by 2026, First-Half Performance Exceeds Target

PT Bank Syariah Nasional (Bank BSN) recorded a positive performance throughout the first half of 2026, with total assets reaching Rp78.8 trillion, representing a 20.1 percent year-on-year growth. This achievement exceeded the first-semester target and provides a foundation for the company to aim for total assets of approximately Rp87 trillion by the end of the year. Bank BSN President Director Alex Sofjan Noor stated that the company is targeting total assets of around Rp87 trillion, financing of approximately Rp66 trillion, and third-party funds (DPK) of about Rp69 trillion by the end of 2026, while maintaining financing quality and profitability. “In 2026, Bank BSN is targeting total assets of around Rp87 trillion, financing of approximately Rp66 trillion, and third-party funds of about Rp69 trillion, while maintaining financing quality and profitability performance,” Alex said after opening the First Semester 2026 Business Review Forum in Bandung on Thursday (16/7/2026), according to a press release on Sunday (19/7/2026). According to Alex, after officially operating as an independent entity resulting from a spin-off from PT Bank Tabungan Negara (Persero) Tbk, Bank BSN has greater flexibility in responding to market dynamics while strengthening its competitiveness in the Islamic banking industry. Based on the financial report for June 2026, Bank BSN’s total assets increased to Rp78.8 trillion from Rp65.6 trillion in the same period last year. This realisation reached 100.8 percent of the first-semester 2026 target and positions Bank BSN as the second-largest Islamic bank in Indonesia. This performance was supported by financing growth reaching Rp59.6 trillion, an increase of 23.0 percent year-on-year, equivalent to 99.2 percent of the first-semester target. The financing portfolio remains dominated by the housing sector, contributing approximately 93 percent of total financing. The breakdown consists of Subsidised Mortgages (KPR Subsidi) of Rp37.19 trillion, Non-Subsidised Mortgages (KPR Nonsubsidi) of Rp18.36 trillion, Yasa Griya of Rp1.97 trillion, Non-Yasa Griya of Rp1.28 trillion, and non-mortgage financing of Rp0.81 trillion. In the subsidised mortgage segment, Bank BSN is targeting the distribution of Housing Financing Liquidity Facility (FLPP) for 73,700 units throughout 2026. As of June 2026, the company had realised FLPP financing for 27,888 units. On the funding side, third-party fund collection reached Rp61.6 trillion, growing 11.5 percent compared to the same period the previous year. This growth was also supported by the strengthening of digital services through the Bale Syariah by BSN application. Intermediation growth also drove Bank BSN’s net profit to Rp444 billion in the first half of 2026, an increase of 10.7 percent year-on-year. This realisation reached 112.2 percent of the first-semester target. Profitability indicators also showed improvement. Net Interest Margin (NIM) increased to 4.00 percent from 3.72 percent in the same period last year, while fee-based income surged 89.9 percent to Rp127.3 billion. “In this second half, we will focus on accelerating asset quality management, optimising collections, and strengthening provisioning so that business expansion continues to run in a trustworthy and prudent manner,” Alex said. The Business Review Forum, held on 16-17 July 2026, also featured Ignatius Jonan and Managing Director of Human Capital at Danantara Asset Management, Agus Dwi Handaya. Both shared insights on business transformation and human resource development. President Director of PT Bank Tabungan Negara (Persero) Tbk, Nixon L.P. Napitupulu, said that BTN will continue to support Bank BSN’s development to grow sustainably and strengthen the national Islamic banking ecosystem. According to Nixon, the market potential for Islamic banking in Indonesia remains very large. With support from the parent company and synergy with stakeholders, Bank BSN is expected to strengthen its position as an Islamic bank focused on housing finance while driving the growth of the national Islamic finance ecosystem.