REPUBLIKA.CO.ID, JAKARTA -- PT Bank Syariah Indonesia Tbk (BSI) declared its readiness to become a bullion bank or gold bank, in line with the great opportunities in Indonesia's gold business sector. BSI President Director Hery Gunardi confirmed that sharia banks have the natural ability to run gold businesses, including mortgage services and gold installments.

“The nature of the sharia bank allows us to run a gold business. Currently, we are already running a gold mortgage and installment business,” Hery said in Jakarta, Tuesday (10/12/2024).

BSI, he added, is also poised to become the bank's bullion holding or holding parent. “If there is an opportunity for even greater expansion, God willing we are ready,” he said.

With a core capital of Rp 39.05 trillion until June 2024, BSI is in a strategic position to qualify as a bullion bank, as stipulated in Financial Services Authority Regulation (POJK) Number 17 of 2024. The regulation requires a minimum core capital of Rp14 trillion for financial services institutions (LJKs) that want to organize bullion business activities.

“We have more than enough core capital to meet those requirements,” he explained.

Coordinating Minister for Economic Affairs, Airlangga Hartarto fully supports the move of BSI and PT Bank Rakyat Indonesia (BRI) to become the managing parent of bullion banks in Indonesia. According to him, the relevant legislation has already been prepared, and the government is targeting the realization of bank bullion in the first half of 2025.

“Bank bullion is actually from by law, we have introduced the law. We hope that in the next year the first semester can be realized,” Airlangga said.

Airlangga also highlighted the importance of bank bullion in supporting national gold production. With gold production of 60 tons per year in Gresik Special Economic Area (KEK) and PT Pegadaian gold reserves reaching 70 tons, Indonesia is expected to be able to manage gold more effectively domestically.

Regarding global challenges, Airlangga stressed the importance of maintaining market access in uncertain geopolitical situations. “Different countries use tariffs as a bulwark. We need to actively undertake trade remedies to prevent unfair competition,” he said.

With regulatory support, the presence of bullion banks is expected to strengthen the national gold business ecosystem, increase value added, and foster economic growth.

Ikuti Whatsapp Channel Republika