Growing 12 Percent, BSI Soars To Become 5th Bank With The Largest DPK Collection

Illustration (Photo: Doc. Antara)

JAKARTA - PT Bank Syariah Indonesia Tbk noted that the collection of banking Third Party Funds (DPK) until December 2023 reached IDR 293.77 trillion. This number grew 12.35 percent yoy.

Director of Finance and Strategy Ade Cahyo Nugroho said, of this amount, the composition of savings which were low-cost funds reached Rp124.73 trillion or 40 percent of the total DPK.

"If you look at the growth of our DPK, BSI is one of the unique banks in Indonesia because not many banks in Indonesia have the composition of their DPKs dominated by savings," he said at a press conference on the performance presentation of the fourth quarter of BSI, Thursday, February 1.

He emphasized that BSI is only one of the few banks that has the best DPK collection capacity and has a positive impact not only on cost of funds, but also on growth stability.

"For example, one of our backbone backbone saves a growing business and last year we were happy to see the figure that BSI could grow by 7.8 percent," added Ade.

Ade said this achievement made BSI one of the best in the industry and placed BSI as the number 5 best bank in terms of savings in Indonesia.

"For a bank that has only been around for 3 years, it is still very young, perched in 5th position for savings, it illustrates that the potential for Islamic finance is very strong and is expected to grow better in the future," concluded Ade.