PT Bank Central Asia Tbk First Nine Months 2019 Results - Solid and Sustainable Growth

Jakarta, 28 October 2019 – PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries reported consolidated financial results for the first nine months of 2019. Net profit increased 13.0% YoY to Rp20.9 trillion, supported by solid operating income performance. In line with the Bank’s loan growth, net interest income increased 12.2% YoY to Rp37.4 trillion. Non-interest income grew 19.3% YoY to Rp15.0 trillion, driven by increasing fees & commissions and trading income. 

“BCA recorded increasing loan portfolio in various segments as well as in core CASA funds. Customer trust in BCA’s financial services enable us to have a sustained business performance. BCA continued to make innovations to accommodate customer’s growing needs.” said BCA President Director, Mr. Jahja Setiaatmadja. 

Total loans increased 10.9% YoY to Rp585 trillion and NPL was recorded at 1.6% in September 2019. Loan portfolio growth was mainly supported by business loans, including corporate loans that grew 16.5% YoY to Rp232.0 trillion and Commercial & SME loans that increased 10.5% YoY to Rp192.2 trillion. Meanwhile, consumer loans increased 4.1% YoY to Rp156.3 trillion. Within the consumer segment, mortgages grew 6.8% YoY to  Rp92.1  trillion;  vehicle  loans  decreased  2.0% YoY to Rp47.8 trillion primarily due to a decrease in two-wheeler financing; and credit card outstanding balances grew 10.4% YoY to Rp13.4 trillion in September 2019. In the same period, Sharia financing increased 5.9% YoY to Rp5.0 trillion. 

The preeminence in transaction banking continued to support BCA in growing Current Accounts and Savings Accounts (CASA) as its core funds. BCA recorded a 10.4% growth of total third party funds to reach Rp683.1 trillion with CASA contributed 75.2% of the total. CASA grew 7.6% YoY to Rp513.9 trillion on the back of strong increase in number of transactions particularly in e-channels. In the meantime, time deposits increased 19.7% YoY to Rp169.2 trillion. 

BCA continued to deliver solid financial metrics. The Capital Adequacy Ratio (CAR) and the Loan to Deposit Ratio (LDR) were recorded at healthy levels of  23.8%  and  80.6%  respectively.  Return on Assets (ROA) came in at 4.0%

“BCA’s focus on maintaining solid liquidity, capital position and loan quality will sustain business performance. BCA continues to grow its business prudently by closely monitoring the environment and optimizing opportunities. The Bank remains open minded and adapts to the changing customer behavior to stay relevant in this dynamic financial industry.” said Mr. Jahja Setiaatmadja.

BCA’s Third Quarter of 2019 Results - Bank Central Asia’s (BCA) President Commissioner Djohan Emir Setijoso (middle) and BCA’s President Director Jahja Setiaatmadja (second left), BCA’s Vice President Director Direktur Suwignyo Budiman (second right), BCA’s Director Subur Tan (right), and BCA’s Director Vera Eve Lim (left) were seen announcing BCA’s Third Quarter of 2019 Results in Jakarta on Monday (28/10). Within the first nine months of 2019, the bank saw a 13,0% (YoY) increase in net profit up to Rp20,9 trillion, supported by solid operational achievement. Excellence in banking transaction continues to drive the increase in core funds with the rising demand in current account savings account  (CASA). BCA saw a 10.4% growth in third party funds up to Rp683.1 trillion, with CASA contributing 75.2% of the total third party funds.