Bank Syariah Nasional (BSN) Launches Operations as Major Islamic Banking Player

Strategic Business Expansion

PT Bank Syariah Nasional (BSN) officially commenced nationwide operations on December 22, 2025, following its successful spin-off from PT Bank Tabungan Negara (Persero) Tbk (BBTN) through an Extraordinary General Meeting of Shareholders (EGMS) approval in November 2025 ¹

Comprehensive Service Network

BSN operates an extensive network comprising 35 Syariah Branches, 76 Syariah Sub-Branch Offices, and 589 Syariah Service Offices across various operational regions in Indonesia. The bank is committed to becoming a primary financial partner for Indonesian families by offering sharia-compliant financial solutions including gold savings, hajj and umrah savings, and gold pawning services ¹

Digital Transformation and Financial Inclusion

To address the growing demand for accessible Islamic banking services, BSN is focusing on digital transformation while maintaining its physical branch network. The bank's strategy includes developing digital platforms to reach wider customers while continuing to optimize its physical presence ¹

Growth Potential in Islamic Banking

The Indonesian Islamic banking sector presents significant growth opportunities, particularly outside housing finance. The Sharia Financial Inclusion Index stands at 12.88%, while the Sharia Financial Literacy Index has reached 39.11% as of 2024, indicating growing awareness but limited access to Islamic financial products ¹

Financial Performance

As of September 2025, BSN's financial performance (while still part of BTN's Sharia Business Unit) showed significant growth: financing grew by 19.7% year-on-year to Rp51.1 trillion, while third-party funds increased by 19.3% year-on-year to Rp56.9 trillion. Total assets reached Rp68.4 trillion, representing an 18.4% year-on-year growth ¹

Market Position and Future Plans

Following the merger with Bank Victoria Syariah, BSN's total assets reached Rp71.3 trillion in November 2025, establishing it as Indonesia's second-largest Islamic bank. The bank plans to leverage its strengthened structure to expand financing and market presence while maintaining its commitment to sharia principles and customer satisfaction ¹