BSI records total gold under management at 22.5 tonnes
Not only has the bullion bank service increased the volume of gold under management, it has also broadened gold ownership across the public. BSI has recorded that the total gold under the company’s management stands at 22.5 tonnes. BSI Chief Executive Anggoro Eko Cahyo said this reflects significant growth in the gold business in the year since the bullion bank service was launched on 26 February 2025.
As is known, the bullion bank service is a government initiative to strengthen national gold management. The programme was inaugurated by President Prabowo Subianto on 26 February 2025 after the Financial Services Authority (OJK) granted bullion business licences to BSI and Pegadaian.
‘TNot only does the bullion bank service increase the volume of gold held, it also widens access to gold ownership among the public. Its inclusive, digitally accessible, Shariah-compliant characteristics make gold more affordable for a range of customers,’ Anggoro said in a statement in Jakarta on Sunday.
This is reflected in the rising share of gold customers from Gen Z, increasing from 24% to 32%. Overall, BSI’s customer base in 2025 rose by more than 2 million to more than 23 million customers, the highest since the Islamic banking merger in 2021.
The bullion bank service has also become a source of new customer growth for BSI, with the number of bullion bank customers increasing by more than 400%. Anggoro thanked the government for its support in building the bullion bank industry in Indonesia.
‘TThe bullion bank marks an important milestone for BSI in strengthening the national Islamic economy ecosystem. We want gold to be not only a hedging instrument, but also part of a productive and inclusive financial system,’ he said.
He added that BSI was honoured to be among the first banks to operate a gold banking service in Indonesia. The bullion bank expansion complements BSI’s existing gold services, such as gold instalments and gold pawnbroking.
With bullion banking, BSI now has an integrated gold ecosystem spanning gold trading, gold storage/savings, gold instalment schemes, gold pawnbroking, and BSI Gold. Anggoro stressed that all gold transactions at BSI are conducted in accordance with Shariah principles. ‘We are not allowed to sell goods we do not own. Therefore all gold transactions at BSI are ensured to have an underlying physical gold stored in our vaults,’ he explained.
In addition to expanding the customer base, by December 2025 bullion operations contributed to fee-based income from gold services. BSI’s 2025 performance closed with growth above the industry average. As of December 2025, BSI’s assets stood at Rp456 trillion, up 11.64% year on year. Financing rose 14.49% YoY, with the cost of financing (CoC) at 0.84%. Third-party funds (DPK) grew 16.20% YoY to Rp380 trillion.
BSI remains optimistic that, following its transformation into a persero and direct reporting to Danantara, the group can optimise bullion bank as a new growth engine. The growth aligns with rising public interest in gold investments amid global economic dynamics, with gold considered a safe-haven asset and increasingly accessible via digital banking channels.
Looking ahead, Anggoro said BSI would continue to strengthen bullion bank innovations, expand literacy on Shariah gold investment, and deepen collaboration with regulators and industry players to build a stronger, sustainable national bullion bank ecosystem. The bank will also extend the use of gold in financial planning, for purposes such as pilgrimage funding, home ownership, and other financial goals, and has launched the Langkah Emas Generasi E.M.A.S. investment literacy campaign to bring the public closer to gold investment.
‘With one year of momentum behind us, BSI is confident bullion bank will become one of the group’s new growth engines and strengthen Indonesia’s position in the global development of Islamic economics and finance,’ he said.
Co-coordinator for Economic Affairs Airlangga Hartarto stated gold is a safe-haven investment instrument in various economic conditions. ‘We continue to push the financial services industry, including Bank Syariah Indonesia, to strengthen the bullion bank ecosystem to become a new engine of national economic growth,’ he said.