- CASA and time deposits drove the overall third party funds growth of 16.7% YoY
- 11.9% YoY loan growth supported by corporate and consumer loans
Jakarta, 27 July 2017 – PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries released the first half of 2017 financial results with a net profit increase of 10.0% to Rp 10.5 trillion from Rp 9.6 trillion in the same period last year. The Bank’s operating income, consisting of net interest income and non-interest income, grew 4.9% to Rp 27.4 trillion in the first half of 2017 compared to Rp 26.1 trillion in the first half of 2016.
BCA’s President Director, Mr. Jahja Setiaatmadja, noted that, “BCA closed the first half of 2017 with positive financial results. BCA’s efforts to strengthen its transaction banking business and its ability to adapt to the current market condition resulted in increased funds and quality loan growth. Through the offering of competitive rates on the Bank’s flagship lending program, BCA saw significant growth in mortgages outstanding, further strengthening its strategic position in the market.”
Outstanding loans totaled Rp 433 trillion at the end of June 2017 for a 11.9% YoY increase led by corporate and consumer lending. Corporate lending grew 18.7% YoY to Rp 160.7 trillion due to strong demand in the months of April – June 2017. Consumer lending recorded 18.4% YoY growth to
Rp 124.5 trillion. Within consumer lending, mortgages grew 21.9% YoY to Rp 75.3 trillion, owing to a competitive interest rate product offered from February to April 2017. Meanwhile, vehicle loans rose 12.2% YoY to reach Rp 38.2 trillion and credit card loans outstanding increased by 18.0% YoY to
Rp 11.1 trillion at the end of June 2017. Commercial and Small & Medium Enterprises (SME) loans saw a growth of 1.2% YoY to Rp 148.3 trillion, mainly due to the repayment of working capital facilities in the first half 2017.
BCA posted a Non-Performing Loans (NPL) ratio of 1.5% at the end of June 2017, slightly higher than June 2016’s 1.4%, but was within the set risk appetite limits. At the end of June 2017, the Bank recorded total allowance for impairment losses of Rp 12.5 trillion, a 23.7% increase compared to the previous year. The ratio of impairment allowance provision to NPL stood at 196.3%. BCA maintained an adequate capital and liquidity position with a Capital Adequacy Ratio (CAR) of 22.1% and a Loan to Funding Ratio (LFR) of 74.5% as of 30 June 2017.
Third party funds amounted to Rp 572.2 trillion at the end of June 2017, registering 16.7% YoY growth. Current Account and Savings Account (CASA) deposits contributed 74.6% towards the Bank’s total third party funds with a YoY increase of 12.0%, reaching Rp 426.9 trillion at the end of June 2017. Within total CASA, current accounts increased 23.5% YoY to a total of Rp 148.6 trillion, while savings accounts grew 6.7% YoY to Rp 278.3 trillion. Time deposits saw a higher growth of 33.0% and reached Rp 145.3 trillion at the end of June 2017.
“BCA continuously strives to strengthen its business foundation for future growth and capitalize on the opportunities that arise across all business lines while adhering to the principles of prudent risk management. In the midst of an evolving environment, various programs and initiatives have been implemented to anticipate growth in the quantity and variety of customer needs. We believe that strong capital and solid liquidity are prerequisites to delivering growth and added value to the stakeholders,” said Mr. Jahja Setiaatmadja, President Director of BCA.
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About PT Bank Central Asia Tbk (as of 30th June 2017)
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 June 2017, BCA had the privilege of serving 16 million customer accounts, processing millions of transactions every day through 1,222 branches, 17,193 ATMs and more than 440 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 20th Floor
Jakarta Pusat
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : humas@bca.co.id
