Jakarta. Bank Syariah Indonesia (BSI) reported solid performance in the early months of 2026, supported by accelerated digital transformation, expansion of its gold-based services, and continued focus on consumer financing and government-backed productive sectors.

The bank’s unaudited results as of February 2026 showed broad-based growth across key indicators. Net profit reached Rp 1.36 trillion ($80.4 million), up about 17% year on year, extending its steady growth trend in recent years.

Financing grew 14.32% to Rp 323 trillion ($19 billion), with the largest contribution coming from the consumer segment, particularly gold-related products. Retail financing, including micro, small and medium enterprises (MSMEs), reached Rp 52.43 trillion, up 6.10% year on year.

The performance underscores BSI’s continued commitment to supporting MSMEs through mentoring, training, financing, business matching, and dedicated MSME centers.

Growth was further supported by the bank’s strategy to strengthen differentiation through its bullion banking business, which has emerged as a key competitive advantage. Since obtaining a bullion bank license, BSI’s gold business has expanded significantly, becoming a major contributor to overall performance. Gold assets under management have reached around 22.5 tons, while the customer base has grown to 23 million over the past four years.

Fee-based income rose 30% year on year to Rp 1.47 trillion, driven primarily by gold banking services, which surged 136.55% to Rp 463 billion. Additional support came from treasury operations and e-channel services, reflecting the effectiveness of BSI’s digitalization and service diversification strategy. As of February 2026, the bank’s BYOND super app had 6.3 million users and processed 125.4 million transactions.

Third-party funds grew 14.76% year on year to Rp 366 trillion, led by a 16.06% increase in savings to Rp 154 trillion, indicating rising public confidence in Islamic banking services.

Liquidity remained sound, with the financing-to-deposit ratio (FDR) at 88.20%. Fee-based income also accounted for a larger share of total revenue, reaching 24.59% on an annual basis.

The results highlight the success of BSI’s strategy to balance margin-based and fee-based income streams, strengthening resilience amid evolving financial sector dynamics. The bank remains optimistic about sustaining healthy and sustainable growth throughout 2026, supported by the expansion of the Islamic finance ecosystem, digital transformation, and continued development of its gold business as a core growth pillar.

BSI also reaffirmed its commitment to supporting the government’s Astacita program, particularly through retail financing aimed at accelerating national economic growth. The bank has extended financing for initiatives such as free nutritious meal programs, micro and MSME lending, and Sharia-compliant business loans.

Support for the free meals program includes the provision of 1,520 virtual accounts for partners of the National Nutrition Agency and financing for the construction of 145 kitchens worth Rp 194.5 billion. BSI is also contributing to the government’s plan to establish 80,000 “Merah Putih” rural cooperatives.

As of year-to-date February 2026, BSI had disbursed Rp 1.65 trillion in people’s business credit (KUR) and allocated Rp 94.82 billion to support the construction of 582 homes under the government’s 3 million housing program.