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26 Oct 2017

PT Bank Central Asia Tbk First Nine Months 2017 Results - Maintaining a Solid Position

  • Third party funds grew 16.5% YoY and loan increased 13.9% YoY
  • Net profit increased 11.3% YoY to Rp 16.8 trillion

Jakarta, 26 October 2017 – PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries announced consolidated financial results for the first nine months of the fiscal year ending September 30, 2017. Net profit increased by 11.3% to Rp 16.8 trillion from Rp 15.1 trillion in the same period last year. The Bank’s operating income as a total of net interest income and non-interest income grew 5.2% to Rp 41.7 trillion in the first nine months of 2017 compared to Rp 39.7 trillion in the first nine months of 2016.

BCA’s President Director, Jahja Setiaatmadja, noted that, “BCA successfully recorded positive growth of third party funds and loans despite soft business conditions in the banking sector. The performance was supported by quality customer service, various promotional events and competitive lending rates, as well as comprehensive banking solutions. Prudent risk management was also integral in ensuring profitable growth.”

Outstanding loans stood at Rp 440 trillion at the end of September 2017, representing a growth of 13.9% YoY, driven by the performance of corporate and consumer segments. Corporate lending contributed Rp 161.5 trillion to the total, rising 21.2% compared to the same period in 2016, while consumer lending was recorded at Rp 128.3 trillion, a 20.6% YoY increase. Within consumer segment, mortgages grew 26.8% YoY to Rp 78.8 trillion, thanks to competitively priced and structured products. Vehicle loans and credit cards registered growth of 11.4% YoY to Rp 38.5 trillion and 13.4% YoY to Rp 11.0 trillion respectively. Commercial & SME lending stood at Rp 150.0 trillion, logging 2.4% YoY growth.

BCA’s Non-Performing Loans (NPL) ratio stood at 1.5% at the end of September 2017. The Bank recorded total allowance for impairment losses on loans of Rp 12.8 trillion, a 13.6% increase compared to the previous year. The ratio of total allowance to NPL (loan loss coverage) stood at 190.8%. Meanwhile, the Bank maintained healthy liquidity and a strong capital position. The Loan to Funding Ratio (LFR) stood at 74.7% and Capital Adequacy Ratio (CAR) attained 23.6%.

Third party funds posted YoY growth of 16.5% to Rp 574.4 trillion at the end of September 2017, driven by time deposits which grew 36.0% YoY to reach Rp 146.4 trillion. Current and Savings Accounts (CASA) continued to predominate at 74.5% of total third party funds. CASA deposits increased 11.0% YoY to reach Rp 428.0 trillion at the end of the reporting period. Within total CASA, current accounts rose 14.7% YoY to Rp 144.7 trillion and savings accounts grew 9.3% YoY to Rp 283.3 trillion.

“We work to maintain a strong market position in our core transaction banking and lending businesses. BCA continues to provide a payment system that is secure, reliable and convenient to serve our large customer base. BCA also works to maintain a diverse and healthy loan portfolio, while protecting solid liquidity and capital positions. Going forward, we will remain cautious and maintain a prudent business approach,” said Jahja Setiaatmadja, President Director of BCA.

President Commissioner PT Bank Central Asia Tbk (BCA) Djohan Emir Setijoso (center), President Director BCA Jahja Setiaatmadja (third left), Deputy President Director BCA Eugene Keith Galbraith (second left), Director BCA Suwignyo Budiman (left), Director BCA Henry Koenaifi (third right), Director BCA Rudy Susanto (second right), Director BCA Inawaty Handoyo (right) discuss after announced consolidated financial results for the first nine months of the fiscal year ending September 30, 2017 in Jakarta, Thursday (26/10). Net profit increased by 11.3% to Rp 16.8 trillion from Rp 15.1 trillion in the same period last year. BCA successfully recorded positive growth of third party funds and loans despite soft business conditions in the banking sector.


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About PT Bank Central Asia Tbk (as of 30th September 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 September 2017, BCA had the privilege of serving 16 million customer accounts, processing millions of transactions every day through 1,225 branches, 17,314 ATMs and more than 460 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

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