BSI Expands Bullion Services with OJK Approval for Gold Savings

Enhanced Bullion Capabilities

PT Bank Syariah Indonesia Tbk (BRIS), trading as BSI, has received official approval from the Financial Services Authority (OJK) to operate a gold savings service, effective November 10, 2025 ¹

1. Gold Savings: The newly approved service allowing customers to save gold
2. Gold Trading: Existing service enabling gold buying and selling transactions
3. Gold Storage: Existing custodial service for physical gold

The OJK approval, granted through Official Letter S-53/PB.22/2025 dated February 12, 2025, initially allowed BSI to conduct gold trading and storage activities ¹

Business Growth and Performance

BSI's bullion business has demonstrated remarkable growth since its launch in February 2025 ²

• Gold Sales: Reached 1.06 tons through the BYOND application
• Managed Gold Assets: Totaled 1.15 tons valued at Rp2.55 trillion by September 2025
• Gold Account Customers: Exceeded 200,238 accounts, growing 94.98% YTD
• Fee-Based Income: Generated approximately Rp70 billion from gold-related services

The bank's overall financial performance has also been positively impacted:

• Net Profit: Rp5.57 trillion, up 9.03% YoY as of September 2025
• Consumer Financing: Grew by 15.02% with outstanding balance of Rp167.62 trillion
• Wholesale Financing: Supported by key sectors including telecommunications, agribusiness, and transportation

Market Context and Future Plans

BSI's expansion into comprehensive bullion services positions it strategically in Indonesia's growing gold market ³

• Indonesia's per capita gold consumption remains low at 0.17 grams per person
• BSI boasts 22.6 million customers and 1,039 branches nationwide
• Existing gold-related services include gold installment plans and gold pawning

The bank is advocating for regulatory support to further develop the bullion ecosystem, including:

1. Inclusion of gold savings in High Quality Liquid Assets (HQLA) Level 1
2. Support from Bank Indonesia as lender of last resort
3. Establishment of a gold REPO mechanism