BSI Vehicle Financing Grows 12.40 Percent in June, Reaching IDR 6.70 Trillion

PT Bank Syariah Indonesia (Persero) Tbk (BSI) recorded a 12.40 percent year-on-year (yoy) growth in vehicle financing through its BSI OTO product, reaching approximately IDR 6.70 trillion as of June 2026, with maintained financing quality. BSI Retail Banking Director Kemas Erwan Husainy stated that this increase indicates strong public interest in Sharia-based vehicle financing amid dynamic economic conditions. He noted that the positive performance was also supported by strengthened digital transformation, with BYOND by BSI features accommodating financing applications, including vehicle financing. Kemas added that the achievement signals a positive outlook for the automotive sector. “People are still purchasing vehicles, but with more careful consideration and prioritising Sharia financing schemes that provide certainty in financial management,” he said. The company noted that the positive performance aligns with the national automotive industry trend. According to data from the Association of Indonesian Automotive Industries (Gaikindo), national wholesale car sales from January to June 2026 reached more than 400,000 units, growing 15.89 percent year-on-year compared to 376,000 units in the same period the previous year. Besides mobility needs, the company views that financing growth is also supported by several factors, including government policies accelerating electric vehicle adoption, increasing public awareness of environmentally friendly vehicles, and more diverse vehicle options in the market. From the company’s perspective, growth is supported by various competitive financing programmes tailored to customer needs. One such programme is a fixed instalment scheme until the end of the financing period, providing certainty of monthly payments so customers can manage their cash flow more comfortably and in a planned manner. The company continues to expand collaboration with dealers and strategic partners, as well as presenting various collaborative programmes to provide easy access to vehicle financing for the public, including through literacy events and gatherings in several major cities. With strong business fundamentals and support from an increasingly broad financing ecosystem, the company is optimistic that vehicle financing will continue to be one of the main growth drivers for its consumer financing throughout 2026.