- Healthy growth through prudent banking
- Ample liquidity and a solid capital base
Jakarta, April 27th 2016 - PT Bank Central Asia Tbk (IDX: BBCA) and subsidiaries reported solid business and financial performance in the first quarter of 2016 with a net income increase of 11.1% to Rp 4.5 trillion from Rp 4.1 trillion in the same period last year. The Bank’s operating income, defined as combined net interest income and non-interest income, grew 17.0% to Rp 12.8 trillion during the quarter compared to Rp 11.0 trillion recorded in the first quarter of 2015.
BCA’s President Director, Mr. Jahja Setiaatmadja, noted that, “In the first quarter 2016, BCA continued to post positive financial performance. Utilizing its strong liquidity position and solid capital base, the Bank is committed to supporting the financing needs of customers through an unfavorable economic cycle while observing prudent lending principles. As a leading transaction bank in Indonesia, BCA recognized the importance of managing customer experience and accordingly maintained its focus on delivering ease and convenience with quality banking products and features.”
At the end of March 2016, the Bank’s outstanding loans stood at Rp 373.7 trillion, an increase of 11.4% compared to the same period last year. Corporate lending saw a YoY growth of 18.5% to
Rp 129.4 trillion, while commercial & SME loans increased by 5.9% YoY to Rp 142.3 trillion. Consumer lending grew 10.9% YoY to Rp 102.1 trillion supported by growth across all products. Mortgages rose 9.3% YoY to Rp 59.9 trillion while vehicle loans grew 13.8% YoY to Rp 32.7 trillion. Credit card loans outstanding registered a YoY growth of 11.3%, ending the quarter at Rp 9.5 trillion.
BCA’s Non-Performing Loans (NPL) ratio was recorded at 1.1% at the end of March 2016, higher than March 2015’s 0.7%. Faced with uncertainties in the economy, the increase in non-performing loans was expected and remained within risk appetite limits. In the first quarter 2016, BCA booked an additional loan provision in the amount of Rp 989 billion, bringing the ratio of reserves to non-performing loans to 235.0%.
The Bank’s balance sheet remained solid with healthy liquidity and a strong capital position. At the end of March 2016, the Capital Adequacy Ratio (CAR) reached 20.0%, while the Loan to Funding Ratio (LFR) stood at 78.9%.
Third party funds registered a YoY growth of 5.7%, reaching a total of Rp 470.4 trillion at the end of March 2016. CASA remains a major contributor to the Bank’s funding base at 76.9% of total third party funds. Savings accounts composed 67.4% of total CASA funding and posted a positive growth of 7.9% YoY to Rp 243.9 trillion, while current accounts increased by 8.4% YoY to Rp 117.8 trillion. Time deposit funds were recorded at Rp 108.7 trillion, down 1.5% YoY, resulting from lower time deposit interest rates.
“Looking ahead, BCA will further invest in banking infrastructure, human resources training and development of the business platforms of the subsidiaries. The Bank will take active steps to capitalize on developing banking trends and dynamic technological developments through the remainder of 2016 with a view to enhancing long-term operational efficiency and fulfilling customer needs. BCA’s strong base will allow the Bank to capture business opportunities for future growth,” said Mr. Jahja Setiaatmadja, President Director of BCA.
(left-right) BCA’s Deputy President Director Eugene Keith Galbraith, BCA’s President Director Jahja Setiaatmadja, BCA’s President Commissioner D.E. Setijoso, BCA’s Director BCA Subur Tan, BCA’s Director Rudy Susanto were talking on exposure to the performance of the Bank in the first quarter in Jakarta, Wednesday (27/4). BCA and subsidiaries reported solid business and financial performance in the first quarter of 2016 with a net income increase of 11.1% to Rp 4.5 trillion from Rp 4.1 trillion in the same period last year. The Bank’s operating income, defined as combined net interest income and non-interest income, grew 17.0% to Rp 12.8 trillion during the quarter compared to Rp 11.0 trillion recorded in the first quarter of 2015.
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About PT Bank Central Asia Tbk (as at 31st March 2016)
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 2016, BCA had the privilege of providing services to 14 million customer accounts through its extensive network of 1,194 branches, 16,999 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
