BSI targets upgrade to KBMI 4 within two to three years
According to our plan, within two to three years, we should be able to enter the KBMI 4 category.
Jakarta (ANTARA) - PT Bank Syariah Indonesia (Persero) Tbk (BSI) aims to ascend to the KBMI 4 (Bank Group based on Core Capital) category within the next two to three years, or by 2030 at the latest.
“According to our plan, within two to three years, we should be able to enter KBMI 4,” said BSI President Director Anggoro Eko Cahyo during the “Ngopi Bareng Media” event at the BSI Head Office in Jakarta on Wednesday.
Anggoro explained that ascending to the KBMI 4 category is a necessity for the company. Currently, BSI has officially assumed the status of a limited liability company (persero) and is part of the State-Owned Banks Association (Himbara), but it remains within the KBMI 3 category.
Referring to the company’s financial reports as of the end of March 2026, BSI’s core capital (Tier 1) was recorded at Rp46.15 trillion, representing a year-on-year growth of 6.24 per cent compared to the same period last year.
To ascend to the KBMI 4 category, core capital must exceed Rp70 trillion. With the core capital position at the end of March 2026, BSI still requires an additional approximately Rp23.85 trillion to meet this requirement.
When asked about efforts to realise this target, Anggoro stated that the company is still exploring several options. However, he noted that achieving the target can also be pursued through organic growth.
Anggoro added that BSI’s target to become a KBMI 4 bank aligns with the company’s ambition to rank among the five largest Islamic banks in the world by 2030.
In addition, the company aims for its public float (free float) to meet the minimum requirement of 15 per cent in the near future.
According to Anggoro, several options to increase the free float are being discussed with Danantara, acting as the shareholder. Nevertheless, the decision regarding the chosen scheme rests entirely with the shareholders, and the company will execute that decision.
For the record, BSI has administratively held the status of a ‘persero’ since 23 January 2026. This change in status is a consequence of the shareholders’ decision at the Extraordinary General Meeting of Shareholders (RUPSLB) held on 22 December 2025 regarding amendments to the Company’s Articles of Association.
Subsequently, this change received approval from the Ministry of Law on 23 January 2026 and was disclosed in an Information Disclosure on the IDX website.
As of May 2026, BSI recorded an unaudited net profit of Rp3.39 trillion, growing by 16.73 per cent year-on-year. Total assets reached Rp444 trillion, third-party funds (DPK) stood at Rp372 trillion, and financing reached Rp335 trillion with maintained quality.
The Financial Services Authority (OJK) has also encouraged the strengthening of bank fundamentals, including the move to higher categories.
Currently, only four banks are recorded as having core capital above Rp70 trillion or belonging to the KBMI 4 category, namely PT Bank Mandiri (Persero) Tbk, PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, and PT Bank Negara Indonesia (Persero) Tbk.