BRIS - Optimistic on sharia financing cards growth

BRIS - Optimistic on sharia financing cards growth Bank Syariah Indonesia (BRIS) sees the prospects for the BSI Hasanah Card sharia financing card as quite bright. The reason is that this card recorded significant growth last year. According to BRIS the number of sharia financing cards issued reached 600,000 cards as of December 2023 or grew by 10% yoy. (Source: Kontan). Comment : We believe the growth likely to higher this year. Stronger ecosystem and the potential syariah market will drive demand amd become as the main catalyst. Likewise for the latest trend on normalizing consumer segment demand on the banking product which will become as additional sentiment.