Bank Syariah Nasional Strengthens Position with Headquarters Relocation

Strategic Move to Jakarta Central

PT Bank Syariah Nasional (BSN) has officially relocated its headquarters from Jakarta Selatan to Jakarta Pusat, effective December 12, 2025. The new location is at Menara Bank BTN, 11th Floor, Jalan Gajah Mada No. 1, Jakarta Pusat 10130. This strategic move comes as BSN consolidates its position as the second-largest Islamic bank in Indonesia with total assets amounting to Rp70 trillion.

Formation and Ownership Structure

BSN is a fully owned subsidiary of PT Bank Tabungan Negara (Persero) Tbk (BBTN), formed through the restructuring of BTN's Sharia Business Unit (UUS BTN) and the merger with Bank Victoria Syariah. The restructuring process was completed in mid-November 2025, following regulatory compliance with POJK 12/2023. As of 2023, UUS BTN's assets stood at Rp54.3 trillion, growing at a CAGR of 16.36% between 2020-2024.

Business Focus and Network

BSN specializes in sharia-compliant housing financing (KPR) and has a comprehensive network comprising 35 Sharia Branch Offices, 76 Sharia Sub-Branch Offices, and 589 Sharia Service Offices across various regions. The bank has shown significant growth in recent years, with financing increasing by 15.04% CAGR and third-party funds growing at 20.12% CAGR between 2020-2024.

Future Prospects and Synergies

The establishment of BSN is expected to create a balanced growth between conventional and sharia banking businesses under the BTN banking group. Nixon LP Napitupulu, CEO of BTN, stated that the separation was conducted considering the future growth potential of sharia economics. The bank is well-positioned to strengthen its presence in the national banking ecosystem while enhancing its contribution to sharia economic development.