PT Bank Syariah Indonesia Tbk (BSI) has formally completed its transition into a state-owned enterprise (SOE), having finalised a name change to PT Bank Syariah Indonesia (Persero) Tbk. In a separate development, Tokopedia-TikTok Shop’s president director, Melissa Siska Juminto, has resigned from her role.
BSI formally transitions into a state-owned enterprise
PT Bank Syariah Indonesia Tbk (BSI) has formally completed its transition into a state-owned enterprise (SOE), following approval from the country’s Ministry of Law and Human Rights.
The approval allows the lender to operate under the name PT Bank Syariah Indonesia (Persero) Tbk, in line with requirements under Indonesia’s state-owned enterprises law, according to local media reports.
BSI, which trades under the ticker BRIS, on the Indonesia Stock Exchange (IDX), was established in 2021 through the merger of the Islamic banking units of Bank Mandiri, Bank Negara Indonesia (BNI), and Bank Rakyat Indonesia (BRI). While those state lenders have long been BSI’s controlling shareholders, the Persero designation legally confirms the government’s status as the ultimate controlling shareholder.
The transition follows an extraordinary general meeting of shareholders in late December 2025, where amendments to BSI’s articles of association—to reflect the Indonesian government’s controlling position through Series A ‘Dwiwarna’ shares—were approved. That effectively placed BSI under the state-owned enterprise (BUMN) framework from December, pending administrative and legal formalities.
BSI will now be officially grouped along with Indonesia’s state-owned banks such as Bank Mandiri, BRI, BNI and Bank Tabungan Negara (BTN).
BSI’s management said the status change does not affect its day-to-day operations, though it is expected to influence its long-term strategic role within Indonesia’s state banking ecosystem.
Tokopedia president director Melissa Siska Juminto resigns
Melissa Siska Juminto, the President Director of Tokopedia and Tiktok Ecommerce Indonesia, has resigned from her role. In a statement, the company said Juminto stepped down to pursue personal goals.
“She is currently providing an advisory role as commissioner of the company,” a TikTok spokesperson told DealStreetAsia. “We thank her for her impactful leadership and contribution to our growth as a company, as well as her role in advancing Indonesia’s digital economy. We remain committed to our mission to democratise commerce through technology and empower local MSMEs,” the spokesperson added.
The company did not disclose who would succeed Juminto.
She was appointed president director in April 2024, shortly after TikTok acquired a 75.01% controlling stake in Tokopedia from GoTo. Juminto was involved in steering the post-merger integration, including aligning operations and strategies between Tokopedia and TikTok Shop following their consolidation in the country.
She began her career at Tokopedia in 2012 in finance and gradually took on broader leadership roles. She later served as chief operating officer and president of e-commerce before becoming president director of Tokopedia and TikTok E-commerce Indonesia. She has also held senior roles at GoTo Group, including as Chief Human Resources Officer.
She has a 0.34% stake in GoTo, according to Indonesia Stock Exchange (IDX) data.
