Bank Syariah Indonesia

Bank Syariah Indonesia (lit. 'Sharia Bank of Indonesia', abbreviated as BSI) is a state-owned Islamic bank in Indonesia. The bank was officially founded on 1 February 2021 as a result of merger between state-owned sharia banks.

PT Bank Syariah Indonesia Tbk
TypePublic
IDX: BRIS
IndustryIslamic banking and finance
Predecessors
  • Bank Syariah Mandiri
  • Bank BNI Syariah
  • Bank BRIsyariah
Founded
  • 17 November 2008 (2008-11-17) (as BRIsyariah)
  • 1 February 2021 (2021-02-01) (as Bank Syariah Indonesia)
HeadquartersJakarta, Indonesia
Key people
Hery Gunardi (President Director)
Mulya E. Siregar (President Commissioner)
Total assetsRp 205,72 trillion [1]
Owners
Websitebankbsi.co.id

Bank Syariah Indonesia has obtain merger permit from Financial Services Authority (OJK) dated 27 January 2021, using BRI Syariah as a surviving company.[2]

History
BRI Syariah, one of the pre-merger banks and the surviving company

BSI originated from three state-owned banks which are subsidiary of larger banks: BRIsyariah (of Bank Rakyat Indonesia/BRI), Bank Syariah Mandiri (of Bank Mandiri) and BNI Syariah (of Bank Negara Indonesia/BNI).

  • Bank Syariah Mandiri: The bank was founded in 1955 as Bank Industri Nasional ("National Industrial Bank"); in 1967 it was changed into Bank Maritim Indonesia ("Maritime Bank of Indonesia") and was changed again in 1973 into Bank Susila Bakti. In 1999, the newly founded Bank Mandiri became majority shareholder of the bank, and was converted to sharia banking in 1999 as Bank Syariah Mandiri.
  • BNI Syariah: The bank was founded on 29 April 2000 as a sharia banking unit of BNI. In 2010, it spun-off as a separate subsidiary.
  • BRIsyariah: The bank was originally established on 3 July 1969 as Bank Djasa Arta (later spelled Bank Jasa Arta) and headquartered in Bandung, West Java. On 19 December 2007, the bank was acquired by BRI. Following Bank Indonesia permit on 16 October 2008, it was converted to sharia banking and officially operated as BRI Syariah on 17 November 2008;[3] in 2009 the sharia banking unit of BRI was officially merged to the bank. In 2018, the bank went public in Indonesian Stock Exchange.[4]

As of February 2023, acquisition of another state-owned bank BTN Syariah is still being discussed. BTN Syariah was founded on 14 February 2005 as a sharia banking unit of Bank Tabungan Negara (BTN).[5]

References
  1. "Top 10 Largest Bank asset in Indonesia". CNBC Indonesia. 2023. Retrieved 10 March 2023.
  2. Hutauruk, Dina Mirayanti (1 February 2021). "Bank Syariah Indonesia resmi beroperasi hari ini, simak prospek bank syariah ke depan". Bisnis.com. Retrieved 3 February 2021.
  3. "Sejarah BRI Syariah". BRI Syariah.
  4. Fauzia, Mutia (9 May 2018). "BRI Syariah Resmi Melantai dengan Kode Efek BRIS". Kompas.com. Retrieved 8 October 2021.
  5. Aprilia, Zefanya (2023-02-23). "BTN Syariah Mau Pisah Sama Induk & Gabung BSI, Kapan?". CNBC Indonesia (in Indonesian). Retrieved 2023-04-15.
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