- Healthy third party funds growth of 13.8% YoY
- Sustainable profitability with a net profit growth of 10.7% YoY to Rp 5.0 trillion
Jakarta, 20 April 2017 – PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries reported financial performance in the first quarter of 2017 with net profit growth of 10.7% to Rp 5.0 trillion from Rp 4.5 trillion in the same period last year. The Bank’s operating income, defined as combined net interest income and non-interest income, grew 5.3% to Rp 13.5 trillion during the quarter compared to Rp 12.8 trillion recorded in the first quarter of 2016.
BCA’s President Director, Mr. Jahja Setiaatmadja, noted that, “A steady focus on expanding the transaction banking franchise enabled BCA’s third party funds to grow even against the background of a recovering phase of the national economy. Investments are continually made to strengthen this core business and to consistently adapt to changing customer behavior and preferences. During the quarter, the Bank continued to carry out its intermediary functions prudently while offering competitive lending interest rates.”
At the end of March 2017, the Bank’s loans outstanding stood at Rp 409 trillion, an increase of 9.4% compared to the same period last year. Corporate lending saw a YoY growth of 17.9% to Rp 152.6 trillion, while commercial & SME loans increased by 1.7% YoY to Rp 144.7 trillion. Consumer lending grew 9.4% YoY to Rp 111.7 trillion supported by growth across all products. Mortgages rose 10.4% YoY to Rp 66.1 trillion while vehicle loans grew 7.3% YoY to Rp 35.1 trillion. In the same period, credit card loans outstanding registered a YoY growth of 10.7%, ending the quarter at Rp 10.5 trillion.
BCA’s Non-Performing Loans (NPL) ratio was recorded at 1.5% at the end of March 2017, higher than December 2016’s 1.3%. However, the Bank’s NPL ratio remained below the banking industry average of around 3% and within the Bank’s risk appetite limits. At the end of March 2017, the Bank recorded total allowance for loan impairment losses of Rp 12.2 trillion, a 29.4% increase compared to the previous year. As such, the ratio of impairment allowance provision to NPL stood at 203.3%. BCA maintained an adequate capital and liquidity position with a Capital Adequacy Ratio (CAR) of 23.1% and a Loan to Funding Ratio (LFR) of 75.1% as of 31 March 2017.
On the funding side, the Bank’s preeminence in providing reliable, secure and convenient transaction services has supported BCA in maintaining healthy third party funds growth. At the end of March 2017, third party funds registered YoY growth of 13.8%, reaching a total of Rp 535.1 trillion. CASA grew 12.1% YoY to Rp 405.4 trillion and remained a major contributor to the Bank’s funding base at 75.8% of total third party funds. Savings accounts posted a positive growth of 10.0% YoY to Rp 268.3 trillion, while current accounts increased by 16.4% YoY to Rp 137.1 trillion. At the end of March 2017, time deposit funds were recorded at Rp 129.7 trillion, up 19.4% YoY.
“Faced with the uncertain global interest rate movements and the risk of the instability of global capital flows, we will remain prudent in maintaining strong liquidity and capital positions while continuing to focus on maintaining loan quality. BCA will closely monitor developments in the macro economy and in individual industry sectors to take advantage of business opportunities that may arise,” said Mr. Jahja Setiaatmadja, President Director of BCA.
BCA Performance Exposure for the First Quarter 2017 - President Commissioner of PT Bank Central Asia Tbk (BCA) DE Setijoso (third right) and BCA President Director Jahja Setiaatmadja (third left) explained BCA's financial performance in first quarter 2017 with BCA Commissioner Sumantri Slamet (second right) Vice President Director of BCA Eugene K. Galbraith (second left), Director of BCA Subur Tan (left), and Director of BCA Suwignyo Budiman (right) in Jakarta on Thursday (20/04). At the end of March 2017, BCA posted a 10.7% YOY net profit growth to Rp5.0 trillion with outstanding outstanding BCA's outstanding growth of 9.4% YOY to Rp409 trillion. Excellence in providing reliable, secure and convenient transaction services has supported BCA to maintain the growth of third party funds (DPK) at a healthy level, rising 13.8% YoY to Rp535.1 trillion per quarter I 2017.
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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 2017, BCA had the privilege of serving close to 16 million customer accounts, processing millions of transactions every day through 1,213 branches, 17,207 ATMs and more than 400,000 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 20th Floor
Jakarta Pusat
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : humas@bca.co.id
