BSI's Gold Business Gains Momentum, Reaches 22.5 Tonnes

PT Bank Syariah Indonesia (Persero) Tbk (BRIS) or BSI recorded total gold under management of 22.5 tonnes since the bullion bank service was launched by the company on 26 February 2025. This reflects growing public confidence in the gold banking service in Indonesia. Not only has it increased the volume of gold under management, the bullion service is expanding ownership inclusivity of gold among the public. Its inclusive nature, digital accessibility, and Sharia-compliant principles make gold more affordable to a broad range of customers. This is reflected in the increasing share of gold customers from Gen Z rising to 32% from 24%. The total number of BSI customers in 2025 increased by more than 2 million to more than 23 million. This achievement marks the highest figure since the 2021 merger of Indonesian sharia banks. The bullion bank has become a new source of customer growth for BSI. The number of bullion bank customers at BSI rose by more than 400%. BSI’s President Director, Anggoro Eko Cahyo, appreciated the government’s trust and support in building the bullion bank industry in Indonesia. “The bullion bank is a 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,” Anggoro said in a statement quoted from Jakarta, Sunday (8/3/2026). According to him, BSI has the honour of being one of the first banks to operate bullion bank services in Indonesia. The bullion bank service complements BSI’s existing gold services, such as gold instalment and gold pawning. BSI has an integrated gold ecosystem spanning gold trading, gold storage, gold instalment, gold pawning, and BSI Gold. Anggoro noted that all gold transactions at BSI are conducted in accordance with Shariah principles. “We are not allowed to sell items we do not own. Therefore all gold transactions at BSI are ensured to have an underlying physical gold stored in our vault,” he explained. In addition to expanding the customer base, the bullion business last year contributed fee-based gold revenue and delivered results with growth solid above the industry average. As of December 2025, BSI’s assets stood at Rp456 trillion, up 11.64% compared with the same period in 2024. Financing rose 14.49% with quality maintained, as reflected by a cost of financing at 0.84%. Meanwhile, third-party funds grew 16.20% to Rp380 trillion. BSI is optimistic about using bullion bank more effectively as a new engine of growth. Growth in BSI’s gold business aligns with rising public interest in gold investment amid global economic dynamics. “At the time of the launch, we recall that gold prices were around US$3,000 per troy ounce. Now they are above US$5,000 per troy ounce. So if you invest, it’s about a 60% rise in a year,” Airlangga said. The gold sector is one of the commodities with a complete value chain from mining activities to various financial service products. The Roadmap for the Development and Strengthening of Bullion Business Activities and the Bullion Ecosystem 2026–2031 was prepared through collaboration between the Coordinating Ministry for Economic Affairs, OJK, and all stakeholders in the national bullion ecosystem. This roadmap is an initiative to support the implementation of the bullion ecosystem’s development in Indonesia, including bullion business activities conducted by financial service institutions. “All parties play an important role in shaping a gold sector ecosystem known as the bullion ecosystem,” Dian said. Bullion Roadmap. The roadmap aims to provide guidance for the direction of bullion business activities and the bullion ecosystem’s development going forward. The roadmap consists of two complementary parts: the Bullion Ecosystem Roadmap from upstream to downstream and the Bullion Business Activities Roadmap.