BSI Books Net Profit Of IDR 7.01 Trillion In 2024, Jumps 22.83 Percent

Photo: Special

JAKARTA - PT Bank Syariah Indonesia Tbk (BSI) posted a net profit of IDR 7.01 trillion in 2024.

BSI President Director Hery Gunardi said this number had increased by 22.83 percent on an annual basis or year on year (yoy).

Hery added that the company's assets also grew 15.55 percent yoy to Rp409 trillion.

"So, this is the first time BSI has assets of more than Rp. 400 trillion," he said at a press conference in Jakarta, Thursday, February 6.

Meanwhile, BSI's Third Party Funds (DPK) grew by 11.46 percent yoy to Rp327 trillion. This strengthens the current account saving account (CASA) or BSI's low-cost funds to Rp197 trillion at the end of 2024.

In other contents, BSI financing grew by 15.88 percent yoy to IDR 278 trillion. The based income fee also experienced a fantastic growth of 32.58 percent yoy to IDR 5.51 trillion.

Hery said that BSI's business grew well, supported by the "new game changer" strategy which was implemented throughout 2024. In addition, he also mentioned several other strategic initiatives such as the digital platform owned.

"This keeps our growth well maintained. BSI managed to maintain a healthy cost of financing, down to 0.83 percent," explained Hary.

Cash coverageBSI also grew 165.01 percent or an increase of 66 bps, the fee-based income (FBI) ratio grew 2.15 percent to 14 percent, then ROA grew to 2.49 percent and ROE grew to 17.77 percent.

"This growth makes BSI competitive and BSI's position among national commercial banks in November in terms of assets is in 6th position," said Hery.