- Growth: 15.0% YoY (loan) and 11.3% YoY (CASA)
- Sustainable profitability with a net profit increase of 10.4% YoY to Rp 5.5 trillion
Jakarta, 23 April 2018 – PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries reported consolidated financial results for the first quarter of 2018. The Bank’s balance sheet recorded strong growth The Bank’s loan portfolio increased 15.0% YoY to Rp 470 trillion; current accounts and savings accounts (CASA) grew 11.3% YoY to Rp 451 trillion.
BCA’s President Director, Mr. Jahja Setiaatmadja, noted that, “BCA continues to record positive business performance achieved by supporting the financing needs of customers and maintaining solid funding growth. Strategic investments are continuously made to expand the Bank’s core business in transaction banking and to strengthen the Bank’s franchise.”
BCA’s Non-Performing Loans (NPL) ratio of 1.5% at the end of March 2018 is within the Bank’s risk appetite limits. The ratio of total allowance to NPL (loan loss coverage) stood at 183.6%. The Bank maintained healthy liquidity and a strong capital position with a Loan to Funding Ratio (LFR) of 77.9% and a Capital Adequacy Ratio (CAR) of 23.6% as of 31 March 2018.
Innovative payment settlement products and services play an important role in sustaining CASA growth. CASA grew 11.3% YoY to Rp 451.1 trillion and remained a major contributor to the Bank’s funding base, comprising 77.3% of total third party funds. Within total CASA, savings accounts grew 10.8% YoY to Rp 297.2 trillion while current accounts increased by 12.2% YoY to Rp 153.8 trillion. Time deposit funds reached at Rp 132.5 trillion, up 2.1 % YoY. At the end of March 2018, third party funds registered YoY growth of 9.0%, reaching a total of Rp 583.5 trillion.
“BCA is optimistic about Indonesian economic prospects over the long term, and will continue to capture opportunities through prudent lending and preeminence in transaction banking. BCA consistently adapts to information technology developments and changing customer behavior. Customer experience and customer loyalty are key to support our sustainable business performance,”
said Mr. Jahja Setiaatmadja, President Director of BCA.
BCA's 1st Quarter of 2018 Results - PT Bank Central Asia Tbk (BCA) President Director Jahja Setiaatmadja (second from the left) were seen discussing the bank's financial results within the 1st quarter of 2018 with BCA's Commissioner Tonny Kusnadi (third from the left), BCA's Deputy President Director Eugene K. Galbraith (left), and BCA's Director Suwignyo Budiman (right) in Jakarta, Monday (23/04). At the end of March 2018, the Bank’s loan portfolio stood at Rp 470 trillion, an increase of 15.0% compared to the same period last year. The bank also closed the first quarter of 2018 with net profit growth of 10.4% YoY to Rp 5.5 trillion. Offering reliable, secure, and convenient transaction services, the bank's third party funds registered YoY growth of 9.0%, reaching a total of Rp 583.5 trillion by the end of March 2018.
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About PT Bank Central Asia Tbk (as of 31st March 2018)
BCA is one of the leading commercial banks in Indonesia with a core focus on transaction banking business and providing loan facilities and solutions to the corporate, commercial & SME and consumer segments. At the end of March 2018, BCA had the privilege of serving close to 17.5 million customer accounts, processing millions of transactions every day through 1,236 branches, 17,624 ATMs and more than 490,000 EDC machines as well as transactions made over the 24-hour internet and mobile banking systems.
PT BANK CENTRAL ASIA TBK
Corporate Secretary
Public Relations
For more information, please contact :
Public Relations
Address : Jl. MH Thamrin No. 1
Menara BCA 20th Floor
Jakarta 10310
Telephone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : humas@bca.co.id
