BSI Ready To Support Government Plans To Implement Gold Deposit Guarantees

BSI (Photo: dock. Antara)

PT Bank Syariah Indonesia Tbk (BSI) said the reduction in the benchmark interest rate (BI-Rate) would have a positive impact on the company's financing portfolio.

Corporate Secretary of PT Bank Syariah Indonesia Tbk (BSI) Wisnu Sunandar in a statement received in Yogyakarta, Friday, views that monetary policy aimed at encouraging national economic growth will have a positive impact on bank performance.

As a sharia bank, the majority of BSI financing uses a fixed rate-based scheme. Supported by a strong low-cost fund base and a wadiah product, this condition provides an increased potential for Net Imbalan (NIM) to increase profitability potential.

On the other hand, in line with the BI-Rate decline, BSI will review the financing margin so that it can be more competitive in the market.

Wisnu revealed that the company can still maintain positive growth.

Previously in March 2025, BSI's assets recorded an increase of 12 percent on an annual basis (year on year / yoy). Financing grew 16.21 percent, while third party funds (DPK) rose 7.40 percent.

BSI conveyed that it is optimistic that this policy of lowering interest rates will at the same time expand the role of Islamic banking in supporting inclusive and sustainable economic development.

In addition, the company will also focus on businesses that have the uniqueness of sharia such as the halal ecosystem, especially hajj, and continue to strengthen the gold business.

At the Board of Governors Meeting (RDG) of Bank Indonesia in August 2025, the benchmark interest rate was decided to drop by 25 basis points (bps) so that it is now at the level of 5 percent.

In total, BI has cut the benchmark interest five times by 125 bps starting in September 2024 and continuing in January, May, July, and August 2025.

In a press conference on Wednesday (20/8), BI Governor Perry Warjiyo noted that the decline in bank credit interest rates was still slow after the BI-Rate was cut by 100 bps from September 2024 to July 2025.

In July 2025, credit interest rates were recorded at 9.16 percent or still relatively the same as the previous month.

However, BI Deputy Governor Juda Agung said that the transmission of the BI-Rate to the banking interest rate began to show positive signs even though its effect was still relatively limited or not too strong.

In detail, Juda noted that the third party interest rate (DPK) fell by 10bps from 4.85 percent in June 2025 to 4.75 percent in July 2025.

Meanwhile, the new lending rate, which is actually just given by the bank, has also decreased, especially corporate, commercial and MSME lending rates. The consumption credit interest rate has not decreased.

The corporate credit (interest rate) fell 27bps from 7.58 percent to 7.31 percent. Commercial loans fell from 8.35 percent to 8.26 percent or 9bps from June to July. MSMEs fell 15bps from 11.01 percent to 10.86 percent," said Juda.

Bank Indonesia also views that bank lending rates need to continue to decline so as to encourage increased lending/financing to support economic growth.