SOE Deputy Minister Calls BRI and BNI Will Leave BSI Slowly

JAKARTA - PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) and PT Bank Nasional Indonesia (Persero) Tbk (BBNI) will slowly leave PT Bank Syariah Indonesia Tbk or BSI (BRIS).

This was revealed by Deputy Minister of State-Owned Enterprises, Kartika Wirjoatmodjo. He will also look at market opportunities in the future.

"If BNI and BRI start to exit, who can replace them and what size will they be," said Tiko quoting Antara, Wednesday, February 15.

He said he had held talks with several potential investors who were expected to come from global banking so that BSI could rise to become a world-class bank.

As for the last BSI rights issue action in December 2022, BNI only used half of its rights, while BRI did not use its rights at all in this capital-strengthening action.

Therefore, BNI's shareholding in BSI shrank from 24.85 per cent to 23.24 per cent, while BRI's shareholding also fell from 17.25 per cent to 15.38 per cent.

Previously, BSI recorded a net profit of IDR 4.26 trillion in 2022, growing 40.68 per cent compared to the same period the previous year (year-on-year/YoY).

"This very impressive achievement in the second year is the result of solid work and the right strategic response for BSI in the midst of various economic challenges throughout 2022," said Hery.

Hery said the profit growth was accompanied by an increase in bank assets with the BRIS issuer code, which currently reached IDR 305.73 trillion or grew 15.24 per cent on an annual basis (YoY).

In addition, the achievement of net profit was also supported by healthy business growth from the retail and wholesale segments and supported by an increase in low-cost funds, good quality financing, efficiency and cost-effectiveness as well as fee-based income (FBI).

The increase in net profit was also driven by the achievement of third-party funds (DPK) collection performance of IDR 261.49 trillion, which grew 12.11 per cent (YoY) and financing which grew 21.26 per cent (YoY) to IDR 207.7 trillion.