BCA Won Investor Best Bank Award 2018 for Its Superior Capital Strength

Jakarta, 29 June 2018 – PT Bank Central Asia Tbk (BCA) is again recognized for its expertise in managing solid financial performance amidst Indonesia’s moderate economic growth. BCA’s continuous commitment to provide various banking solutions that cater to customers’ financial needs from diversed segments has resulted in a positive and outstanding performance of the bank’s financial capital strength. This is marked by the achievement of the “Best Bank 2018” under the category of “Commercial Bank with Core Capital above Rp30 Trillion” at the Investor Best Bank Award 2018. The award was submitted by Chief Executive of the Deposit Insurance Agency (LPS) Fauzi Ichsan to Senior Vice President of Investor Relations and Corporate Strategic Alliances of BCA Rudy Budiardjo in Jakarta, Friday (29/06).  

“In the midst of global turmoil and domestic economy, we continuously strive to grow into a solid banking institution. BCA continuous commitment to provide a variety of quality targeted banking products and services as well as the ease and convenience of transaction has become the bank’s robust foundation amid the increasingly competitive banking industry. The trust that our customers have in us has also become our source of motivation to continue maintain and even increase our capital strength index, maintain the quality of asset portfolio, and minimize non-performing loans in order to record a solid and positive business growth,” said Rudy.

Investor Best Bank Award is an annual event organized by Investor Magazine as a form of appreciation to all banks that have successfully recorded outstanding assets and performance in the midst of fierce competition in the financial services industry. There are 12 criteria rating systems used, including capital adequacy ratio (CAR) 2017, non-performing loan (NPL) 2017, return on assets(ROA) 2017, return on equity (ROE) 2017, net interest margin (NIM) 2017, operating expense ratio (OER) 2017, loan to deposit ratio (LDR) 2017, net interest income growth, non-interest operating income growth, operating profit growth, credit growth, and cost to asset ratio. Based on the assessment conducted by the Judges Panel, BCA is honored with the Best Bank 2018 Investor Magazine version after passing the admissions selection and proved its superior performance based on core capital grouping and was awarded with the Best Bank Under the Category of Core Capital > Rp30 Trillion.

On the occasion, the Judging Panel of Investor Best Bank Award also gave appreciation to the banks that focuses on MSME lending, and banks that are committed to support infrastructure development. Responding to this, Rudy said that banks play an important role as credit distributors in providing additional capital injection to MSME actors to finance the operational expenses in starting and/or developing their businesses.

“We are confident that MSMEs has an enormous potential to grow and develop in Indonesia which, in return, is expected to contribute to drive the economy and stimulate export productivity in various regions in Indonesia. As of January-March 2018, BCA’s loan portfolio grew 15.0% Year on Year to Rp470 trillion from Rp408.69 trillion in previous period,” Rudy concluded.  

BCA Won the Investor Best Bank Award 2018 - Senior Vice President of Investor Relations and Corporate Strategic Alliances of BCA Rudy Budiardjo (left) received the Best Bank Core Capital > Rp30 Trillion Category award submitted by Chief Executive of the Deposit Insurance Agency (LPS) Fauzi Ichsan (right) at the Investor Best Bank Award 2018 in Jakarta, Friday (29/06). Based on the Investor Best Bank Award 2018 judges’ assessments, BCA is appreciated as a bank that managed to maintain its business performance and proved superior with the achievement of core capital strength above Rp30 Trillionamid the highly competitive banking industry.