- Delivered positive results
- Healthy asset quality, liquidity and capital position
Jakarta, March 3rd 2016 - PT Bank Central Asia Tbk (IDX: BBCA) recorded a positive business and financial performance for the full year 2015 with net profit increase of 9.3% to Rp 18.0 trillion, compared with the previous year’s Rp 16.5 trillion. Driven by loan portfolio growth and lower cost of funds, net interest income increased 12.0% to Rp 35.9 trillion. At the same time, non-interest income increased 28.5% to Rp 12.0 trillion in 2015.
BCA’s President Director, Mr. Jahja Setiaatmadja, noted that, “2015 was a year full of challenges for the Indonesian economy and domestic banking industry. Nonetheless we are pleased to report that BCA successfully maintained a solid position in the market and captured a number of business opportunities throughout the year. The Bank’s positive development was achieved by remaining focused on delivering consistency to customers, continuing to strengthen the transaction banking franchise and proactively maintaining loan quality.”
The Bank’s loan portfolio stood at Rp 387.6 trillion, an increase of 11.9% across all segments, with the corporate segment leading the growth. At the end of 2015, corporate loans increased 17.2% to
Rp 141.3 trillion. Commercial and SME loans increased 9.0% to Rp 146.2 trillion. The growth of corporate, commercial and SME loans was driven by improving economic conditions and a growing consumption cycle towards the end of the year. For consumer lending, the increase of 8.9% to
Rp 100.5 trillion in 2015 was supported by a number of innovative programs that offer attractive interest rates. Mortgages increased 8.7% to Rp 59.4 trillion, while vehicle loans rose 9.6% to Rp 31.6 trillion in 2015. In the same period, credit card outstanding grew 8.1% to Rp 9.5 trillion.
Continued application of prudent lending policies allowed the Bank to maintain a low Non Performing Loans (NPL) ratio of 0.7% with a ratio of reserves to non-performing loans of 322.2%. The Bank’s capital and liquidity position were each maintained at a healthy level with a Capital Adequacy Ratio (CAR) of 18.7% and Loan to Funding Ratio (LFR) of 81.1% as of 31 December 2015.
BCA maintained a solid funding position, with third party funds standing at Rp 473.7 trillion in 2015, an increase of Rp 25.8 trillion or 5.8%. This growth was mainly derived from Current Accounts and Savings Accounts (CASA) accounts, which make up the largest portion of the Bank’s total third party funds at 76.1%. Despite an unfavorable economic environment and declining domestic business activity, the Bank was able to grow its CASA funds by 7.1% to Rp 360.3 trillion at the end of 2015. Current accounts increased 7.7% to Rp 115.7 trillion compared with Rp 107.4 trillion in 2014. Savings accounts grew 6.8% to Rp 244.6 trillion in 2015 from Rp 229.0 trillion in 2014. The Bank’s time deposit funds were recorded at Rp 113.4 trillion, an increase of 1.7%, slower growth than was seen in the previous years due to gradual downward adjustments of time deposit interest rates.
“We recognize that economic conditions will have an impact on the performance of the banking sector, including BCA. Thus, entering 2016, we will continue to prioritize cautious policies and measures, while remaining alert and prepared to face unexpected situations. We remain aware that the potential increase in non-performing loans in the overall Indonesian banking sector could have a chain effect on BCA’s loan quality, though still remaining at a tolerable level,” said Mr. Jahja Setiaatmadja, President Director of BCA.
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About PT Bank Central Asia Tbk (as at 31st Desember2015)
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 December 2015, BCA had the privilege of providing services to its 14 million customer accounts through its extensive network of 1,182 branches, 17,081 ATMs and hundreds of thousands of EDCs interlinked with its internet & mobile banking services.
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
