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25 Oct 2018

PT Bank Central Asia Tbk First Nine Months 2018 Results Positioning for Growth

  • 17.3% YoY loan growth supported by corporate and commercial & SME loans
  • Transaction accounts, CASA, grew 11.4% YoY, representing 77.7% of total third party funds

Jakarta, 25 October 2018 – PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries reported consolidated financial results for the first nine months of 2018. The Bank recorded healthy balance sheet growth. The loan portfolio increased 17.3% YoY to Rp 516 trillion and current accounts and savings accounts (CASA) grew 11.4% YoY to Rp 477 trillion.

BCA’s Deputy President Director Eugene K. Galbraith noted that, “BCA posted higher loan growth compared to the previous year. We saw opportunities and stronger business loans demand from our customer base. BCA also recorded solid CASA growth thanks to our customers’ trust in BCA’s transaction banking services.”

At the end of September 2018, the Bank’s loan portfolio stood at Rp 516 trillion, an increase of
17.3% YoY. BCA experienced higher business loan growth both in investment and working capital loans. Investment loans started to show higher demand in the first nine months of 2018. Corporate loans grew 23.3% YoY to Rp 199.2 trillion, mainly driven by financial services, telecommunications and edible oils sectors. Commercial and SME loans increased 17.6% YoY to Rp 176.4 trillion, while the consumer loans grew 9.0% YoY to Rp 139.9 trillion. Within the consumer segment, mortgages rose 9.4% YoY to Rp 86.3 trillion and vehicle loans grew 7.7% YoY to reach Rp 41.5 trillion. In the same period, credit card loans outstanding balances posted YoY growth of 10.9% to Rp 12.1 trillion.

BCA posted healthy loan growth with a stable Non-Performing Loans (NPL) ratio of 1.4% at the end of September 2018, comfortably within the Bank’s risk appetite limits. The ratio of total allowance to NPL (loan loss coverage) stood at 187.0%. The Bank maintained healthy liquidity and a strong capital position with a Loan to Funding Ratio (LFR) of 80.9% and a Capital Adequacy Ratio (CAR) of 23.2%. A refinement of LFR, the newly introduced Macroprudential Intermediation Ratio (MIR), stood at 81.8%.

BCA continued to strengthen its core business in transaction banking which resulted in solid CASA growth. CASA increased 11.4% YoY to Rp 476.8 trillion and remained a major contributor to the Bank’s funding base, comprising 77.7% of total third party funds at the end of September 2018. Within total CASA, current accounts increased 12.7% YoY to a total of Rp 163.1 trillion while savings accounts grew 10.8% YoY to Rp 313.7 trillion. Time deposits stood at Rp 137.1 trillion, a decline of 6.4% YoY. Despite the YoY decrease, time deposits have increased since March 2018, in line with increasing time deposit rates. At the end of September 2018, third party funds registered YoY growth of 6.9%, attaining
Rp 613.9 trillion.

BCA closed the first nine months of 2018 with net profit growth of 9.9% YoY to Rp 18.5 trillion compared to Rp 16.8 trillion in the same period last year. The Bank’s operating income as a total of net interest income and non-interest income grew 10.1% YoY to Rp 45.9 trillion compared to Rp 41.7 trillion recorded in the first nine months of 2017.

“BCA constantly applies prudent banking practices and carefully monitors economic conditions to sustain its business performance. We are optimistic that Indonesian economic dynamism will continue despite the recent changing global environment. We believe that the Indonesian banking system remains stable and has positive prospects in the long term. Our solid fundamentals and the ability to adapt to a changing business environment will support BCA’s position for growth,” said Eugene K. Galbraith, Deputy President Director of BCA.

PT Bank Central Asia Tbk Hasil Kinerja Sembilan Bulan Pertama 2018 - Mengelola Pertumbuhan

PT Bank Central Asia Tbk Third Quarter of 2018 Results – Bank Central Asia’s (BCA) President Commissioner DE Setijoso (center) and BCA’s Deputy President Director Eugene Keith Galbraith (left) were seen in a discussion with BCA’s Director Suwignyo Budiman (right), BCA’s Director Henry Koenaifi (second right), and BCA’s Director Vera Eve Lim (second left) at BCA’s Third Quarter of 2018 Results in Jakarta, Thursday (25/10). The third quarter of 2018 has been a successful period for BCA as it gained a 9.9% yoy net profit growth up to Rp18.5 trillion compared to last year’s Rp16.8 trillion. BCA continues to strengthen transaction banking as its core business to ensure a solid CASA growth, which saw 11.4% yoy improvement up to Rp476.8 trillion and remains a major contributor to the Bank’s funding base, comprising 77.7% of total third party funds at the end of September 2018.

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About PT Bank Central Asia Tbk (as of 30th September 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 September 2018, BCA had the privilege of serving 18.5 million customer accounts, processing millions of transactions every day through 1,243 branches, 17,440 ATMs and more than 500 thousands of EDC machines 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

      Menara BCA Grand Indonesia Lt. 20

      Jakarta Pusat

Telepon : (021) 2358-8000

Fax : (021) 2358-8300

E-mail : humas@bca.co.id

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