Home » today » Business » BSI Will Annex Sharia BTN

BSI Will Annex Sharia BTN

Jakarta, CNBC Indonesia Minister of State-Owned Enterprises (BUMN), Erick Thohir will withdraw the sharia business unit (UUS) of PT Bank Tabungan Negara Tbk (BBTN) from joining the parent of Sharia BUMN, PT Bank Syariah Indonesia Tbk (BRIS).

The joining of UUS BTN is expected to strengthen the position and enlarge the market capacity of state-owned Islamic banks that are now incorporated in BRIS.

“That’s what we hope so that BSI’s position will get bigger and of course stronger, in terms of market capitalization and of course its encouragement for the banking industry,” he explained.

Erick added that in the future BSI is expected to be able to increase the productivity of the Indonesian Halal Industry, which is currently not yet in the top five in the world.

“If we look at it, we are a country with the largest Muslim population in the world. But the productivity level has not yet entered the top five Halal Industries in the world. Therefore, we encourage BSI to go there,” he determined.

Not only annexing UUS BTN, this year the Ministry of SOEs will also accelerate state capital participation through Series A Dwiwarna shares in BSI in the third quarter of this year.

“God willing, Mr. Vice President, I have discussed with the Himbara Directors for this Dwiwarna share, we will make sure it happens this year,” he said.

For information, currently the share ownership of BRIS is 50.83% owned by PT Bank Mandiri Tbk (BMRI), PT Bank Negara Indonesia Tbk (BBNI), 24.85%, PT Bank Rakyat Indonesia Tbk (BBRI), 17.25% . Furthermore, the public shareholder is 17.25%. Meanwhile, ownership under 1% each is owned by DPLK BRI – Syariah Shares, PT BNI Life Insurance and PT Mandiri Sekuritas.

For the record, throughout 2021, the net profit of Bank BTN’s Sharia Business Unit (UUS) rose 37.33% yoy from Rp 134.86 billion in 2020 to Rp 185.20 billion in 2021.

At the end of 2021, sharia financing was recorded to have grown 9.93% yoy to Rp 27.55 trillion compared to 2020 which was Rp 25.06 trillion.

In terms of the gross Non-Performing Financing (NPF) ratio, it improved to 4.32% in 2021 from 6.53% in 2020.

BTN Syariah is also recorded to have collected deposits of Rp. 29.26 trillion in 2021, an increase of 22.79% yoy from Rp. 23.83 trillion in 2020. With this achievement, UUS BTN assets grew at the level of 16.14% yoy to Rp. 38.36 trillion in 2021 compared to the same period in 2020 of Rp 33.03 trillion.

[Gambas:Video CNBC]

(sys / hps)


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.