PT Bank Syariah Nasional (BSN), the newly established entity resulting from the spin-off of BTN’s Sharia Business Unit (UUS), has officially entered the Core Capital-Based Bank Group (KBMI) 2 category with a core capital of IDR 6.379 trillion. This milestone marks BSN’s readiness to compete as a major player in Indonesia’s Islamic banking industry.
Following the spin-off, BTN remains the majority shareholder with 99.99973% ownership, while Balai Harta Peninggalan Jakarta holds 0.00027%. With this strong capital base, BSN aims to grow its assets to nearly IDR 200 trillion within five years, positioning itself as the second-largest Islamic bank in Indonesia.
BTN’s President Director, Nixon LP Napitupulu, emphasized that the spin-off is a strategic move to strengthen BSN’s capital structure and raise its Capital Adequacy Ratio (CAR) to 18–20%. “With solid core capital, BSN will be able to expand Islamic financing and support the government’s agenda to enhance financial inclusion through sharia-based services,” he stated.
Prior to the spin-off, BTN’s Sharia Business Unit recorded strong performance, with assets growing 18% YoY to IDR 66 trillion, financing increasing 17% to IDR 48 trillion, and third-party funds rising 19.8% to IDR 55 trillion. Net profit is projected to reach IDR 900 billion by the end of 2025.
