Jakarta, 30 July 2019 – Indonesian students and youth must be continuously encouraged to possess financial literacy and inclusion awareness and develop subsequent habits. Through the Indonesian Students and Youth Savings Action, PT Bank Central Asia Tbk (BCA) promotes and proactively invites Indonesian students and youth to obtain a savings and financial planning in managing the future of Indonesia’s future generation.
BCA demonstrated its support by participating in the Indonesian Students and Youth Savings program initiated by the Financial Services Authority (OJK), at BPPT Building, Jakarta, Tuesday (30/07). Attending the opening event was Director of BCA Santoso along with the Chairman of the OJK Board of Commissioners Wimboh Santoso.
Santoso said that the level of financial literacy and inclusion among Indonesian students and youth have to be improved. Based on the OJK index, the financial literacy rate among Indonesian students only stood at 64.2%. This is relatively low compared to other Southeast Asian neighboring countries. Not vastly different from financial literacy, the inclusion rate among students and youth is estimated at around 23.4%.
“Student and youth today should be perpetually reminded and encouraged to have a savings and positive financial planning so they can organize their future. Apart from helping the country maintain national financial stability, financial inclusion also offers better future security for Indonesian students and youth,” explained Santoso.
Santoso added that BCA has always played an active role and collaborated with related institutions, including with the OJK in encouraging most Indonesian millennial generation to develop good spending and savings habit. The collaboration allows BCA to promote and provide financial planning assistance and training that aim to produce pioneers, who play an active role in promoting early financial inclusion among the society.
“This socialization is not only carried out during such events. BCA continues to provide actual information and updates on financial literacy in BCA’s assisted villages so that Indonesian students and youth who are part of that community may gain knowledge, benefits, and reciprocal values in opening a savings and other economic activities,” Santoso concluded.
BCA Supports Indonesian Students and Youth Savings – Director of BCA Santoso (second left) accompanied by Senior Vice President Transaction Banking Business Development of BCA I Ketut Alam Wangsawijaya (left) were talking with two students of PPA/PPTI BCA after the Launching of Indonesian Students and Youth Savings (AksiMuda) project initiated by the OJK in Jakarta, Tuesday (30/07). Through the Indonesian Students and Youth Savings activities, BCA promotes and proactively invites Indonesian students and youth to obtain a savings and financial planning to plan their future.
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About PT Bank Central Asia Tbk (as of 30th June 2019)
BCA is one of the leading commercial banks in Indonesia with a core focus on the transaction banking business and providing loan facilities and solutions to the corporate, commercial & SME and consumer segments. At the end of June 2019, BCA had the privilege of serving 20 million accounts, processing millions of transactions every day through 1,246 branches and 17,688 ATMs as well as transactions made over the 24-hour internet and mobile banking systems.
For more information, please contact:
PT BANK CENTRAL ASIA TBK
Corporate Secretariat Division – Corporate Communication Sub Division
Public Relations Bureau
Address : Jl. MH Thamrin No. 1
BCA Grand Indonesia Lt. 20
Jakarta Pusat
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : humas@bca.co.id
