Fee-Based Income Surges, BSI's Gold Business Generates Increasing Profits

PT Bank Syariah Indonesia Tbk (BSI) recorded a 22.3 per cent year-on-year growth in commission-based or fee-based income. BSI President Director Anggoro Eko Cahyo stated that the gold business has now become one of the company’s new strengths, in addition to the hajj and umrah ecosystem.

“The gold business is starting to become a new growth source that is increasingly relevant for BSI,” said Anggoro during the presentation of BSI’s Q1 2026 performance on Tuesday (12/5/2026).

According to him, BSI’s position as a sharia bank as well as a bullion bank provides different growth opportunities compared to other banks.

BSI officially became Indonesia’s first bullion bank since it was inaugurated by President Prabowo Subianto in February 2025. BSI Director of Finance and Strategy Ade Cahyo Nugroho said the growth in the gold business is evident from the surge in the number of gold savings customers, which has now exceeded one million users. Meanwhile, the service has only been running for about one year.

“What we are promoting is not people buying gold for short-term speculation, but building long-term saving habits,” Ade stated.

Through the BYOND app, the public can now purchase gold starting from Rp50,000. Customers can also sell or transfer gold digitally.

According to Ade, this scheme makes gold investment more affordable for the wider public, especially the younger generation.

In addition to the increasing number of customers, the gold business is also considered to have very healthy financing quality. BSI Director of Risk Management Grandhis Helmi Harumansya said gold financing has a return rate of around 10 per cent with a non-performing financing (NPF) ratio of only 0.01 per cent.

“Gold financing is one of the segments with the best quality,” said Grandhis.

To date, the total gold managed by BSI through its bullion business reaches around 23 tonnes. On the other hand, the growth in the gold business also supports the company’s overall performance. In Q1 2026, BSI recorded a profit of Rp2.2 trillion, or a 17.1 per cent year-on-year increase, with total assets reaching Rp460 trillion.

BSI assesses that the trend of increasing gold investment will continue along with high global economic uncertainty and growing public awareness of safe investment instruments.