Not Rushing Spin-Off, Permata Bank Syariah Prepares This Strategy
Jakarta, CNBC Indonesia - PT Bank Permata Tbk. (BNLI) has discussed its strategy for realising the spin-off or separation of its Sharia Business Unit (UUS). The Director of Finance and Sharia Business Unit of Permata Bank, Rudy Basyir Ahmad, stated that their primary focus at present is to strengthen the financial balance sheet and business model.
According to him, once the assets of Permata Bank Syariah have grown sustainably and reached the threshold set by the Financial Services Authority (OJK), the spin-off obligation will be fulfilled.
“My hope is that we grow sustainably and become stronger, so that when we approach assets of Rp50 trillion, we will naturally be ready to meet the OJK’s spin-off requirements,” said Rudy during the Sharia for All media briefing on Wednesday (22/4/2026).
To that end, Permata Bank Syariah is now focusing on playing in prospective segments, namely retail, SMEs, and commercial. This strategy also aims to compete with the increasingly crowded Islamic banking industry in Indonesia.
Rudy said that the bank, owned by Bangkok Bank, wants to ensure that the bank’s balance sheet is sufficiently diversified. He revealed that Permata Bank Syariah currently has a larger portfolio in corporate and mortgage sectors.
“So, this is what we need to strengthen: how to diversify more on the financing side, be strong in commercial, strong in SMEs, and also strong in retail outside of mortgages. That’s our way of strengthening. One of them is also strengthening from the funding side, including funding from retail segments,” said Rudy.
Furthermore, he emphasised that Permata Bank Syariah does not want to rush into spinning off into a Sharia Commercial Bank (BUS). Because growth that is too fast becomes risky if economic conditions are not considered.
“It also depends on the economic situation and conditions; we might grow quickly, or we might need to be more cautious. So all of this will be adjusted accordingly. The important thing is to ensure that we grow sustainably and continuously. Not just chasing certain numbers, but still growing healthily,” said Rudy.
Recorded, the assets of Permata Bank’s UUS reached Rp36.81 trillion as of December 2025, slightly down from the previous year of Rp37.41 trillion.
The OJK requires UUS with asset values that have reached 50% of the parent company’s total assets and/or have minimum assets of Rp50 trillion to spin off. This obligation is stipulated in OJK Regulation (POJK) No.12/2023 on Sharia Business Units.