Muhammadiyah Withdraws Jumbo Savings Funds, BSI Boss: Liquidity Remains Solid

President Director of PT Bank Syariah Indonesia Tbk (BSI) Hery Gunardi. (Photo: Mery Handayani/VOI)

JAKARTA - President Director of PT Bank Syariah Indonesia Tbk (BSI) Hery Gunardi ensured that his company's liquidity condition remained solid.

This follows the withdrawal of savings and financing of PP Muhammadiyah.

The amount of savings that was planned to be withdrawn by PP Muhammadiyah was quite large, even reaching Rp. 13 trillion to Rp. 15 trillion.

"Our liquidity is simple. Solid, solid," said Hery after a press conference on the implementation of the BSI International Expo in the Gelora Bung Karno (GBK) area, Jakarta, Friday, June 14.

For your information, BSI recorded collecting customer deposits or third party funds (DPK) of Rp. 291.86 trillion until May 2024.

This figure grew 11.33 percent compared to the same period in 2023.

Meanwhile, the ratio of financing to deposits aka financing to deposit ratio (FDR) of BSI is still at the level of 86.8 percent.

Then, the financing that BSI has distributed in May 2024 is IDR 253.6 trillion.

This figure grew 17.11 percent compared to the same period the previous year.

As is known, the news of the withdrawal of funds began when the Muhammadiyah PP letter circulated on social media.

Through Memo Muhammadiyah number 320/1.0/A/2024 which was issued on May 30, Muhammadiyah instructed to transfer funds from BSI to a number of Islamic banks.

The memo was signed by the Chairman of Muhmadiyah Agung Danarto and the Secretary of Muhammadiyah Muhammad Sayuti as a follow-up to a meeting with the leaders of PP Muhammadiyah and Muhammadiyah Business Amal regarding AUM's financial consolidation in Yogyakarta on May 26.

DPR Will Call BSI Directors

Previously, Commission VI of the DPR would summon the directors of PT Bank Syariah Indonesia Tbk or BSI. This summons is to explore the news that PP Muhammadiyah withdrew its savings funds from the largest Islamic bank.

For your information, the amount of savings that PP Muhammadiyah plans to withdraw is quite large, even reaching Rp. 13 trillion to Rp. 15 trillion.

"We want to schedule a meeting with BSI. It is already on the agenda, maybe next week," said Deputy Chairman of Commission VI of the DPR, Martin Manurung to VOI when met at the DPR Building, Parliament Complex, Thursday, June 13.

Martin said that although BSI is the largest Islamic bank, the withdrawal of tens of trillions of funds by PP Muhammadiyah needs to be known.

Even though BSI Bank Syariah is the largest, if Muhammadiyah withdraws the funds, what is the reason why they (BSI) must be investigated. We also don't know. Later at the meeting we will explore with BSI," he explained.