BSI Prints Profit of IDR 1.71 Trillion in the First Quarter of 2024 – 2024-04-30 17:15:07

Illustration(Intermediate)

PT Bank Syariah Indonesia (BSI) managed to record a profit of IDR 1.71 trillion in the first quarter of 2024. This positive result was achieved amidst challenges and fluctuating global economic conditions.

BSI President Director Hery Gunardi said that this good performance was driven by the growth of cheap funds and BSI’s consistency in carrying out its intermediation function.

“Thank God, in the midst of global economic conditions full of uncertainty, BSI has once more proven itself capable of producing impressive performance,” said Hery in his statement, Tuesday (30/4).

BSI’s positive achievements were driven by the collection of third party funds (DPK), which grew rapidly, namely 10.43% (yoy) reaching IDR 297 trillion, which was dominated by cheap funds. Savings grew 8.75% and current accounts grew up to 10.52%. This achievement also succeeded in bringing BSI to fifth place nationally in terms of savings accumulation.

From the intermediation side, BSI financing distribution in the first quarter of 2024 reached IDR 247 trillion or grew 15.89% (yoy). Of this value, 54.62% was distributed to the consumer segment. Then, 27.81% was distributed to the wholesale segment and 17.56% to the retail segment.

“In the consumer segment itself, the largest amount of financing is channeled to home financing, partners, pensions, gold businesses, autos, gold installments and hasanah cards,” he said.

Meanwhile, for sustainable financing, BSI has distributed IDR 59.2 trillion, dominated by the MSME sector amounting to IDR 46.6 trillion, sustainable agriculture IDR 4.9 trillion, renewable energy IDR 0.9 trillion, and other green projects amounting to IDR 0.6 trillion.

“We are committed to continuing to show positive growth with healthy quality. In the first quarter of 2024, BSI recorded assets of IDR 358 trillion growing 14.25% with a return on assets (ROA) of 2.51%, return on equity (ROE) of 18.30%, financing to deposit ratio (FDR) of 83, 05% with non-performing financing (NPF) gross 2.01% and cash coverage 196.61,” said Hery. (Z-11)