On 20th April 2016, BNI Syariah hosted a press conference at its head office to announce strong first quarter profits, amidst a global economic slowdown expected to place the local banking sector under considerable pressure in 2016. The event was attended by Mr Imam Teguh Saptono as President Director, Mr Kukuh Rahardjo as Director, and Mr Junaidi Hisom as Director of Operations. The bank continued to maintain growth by registering profits of 75.18 billion IDR - an increase of 64.42% compared to the previous year at 45.67 billion IDR.

According to Mr Saptono, profit growth was supported by the expansion of the bank’s financial services, backed by continued improvement in operational efficiency and cost maintenance. The bank also achieved asset growth of 20.35% from 20.50 trillion IDR to 24.67 trillion IDR and an increase in customer deposits of 20.07% from the previous year. From the bank’s total financing portfolio of 18.04 trillion IDR, 53.18% was from consumer financing, 22.20% from productive financing for small and medium enterprises, 16.75% from commercial finance, 5.69% from microfinance, while the Hasanah Card contributed 2.15%. Furthermore, third party funds grew by 20.07% from the previous year.

Amidst a lacklustre economic environment, BNI Syariah’s financial performance demonstrates the bank’s standing as one of Indonesia’s foremost Islamic banks as well as the country’s potential to become a hub for Islamic finance in spite of challenges associated with the current business climate.

For further information regarding the latest developments at BNI Syariah, please visit its corporate website.