- Positive performance through prudent banking
- Strong liquidity and a solid capital base
Jakarta, 20 July 2016 – PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries released the first half of 2016 financial results with a net profit increase of 12.1% to Rp 9.6 trillion from Rp 8.5 trillion in the same period last year. The Bank’s operating income, consisting of net interest income and non-interest income, grew 15.5% to Rp 26.1 trillion in the first half of 2016 from Rp 22.6 trillion in the first half of 2015.
BCA’s President Director, Mr. Jahja Setiaatmadja, noted that, “BCA achieved positive results through prudent lending and active management of third party funds. The Bank once again proved its strong position in transaction banking as reflected by the growing balance of transactional accounts, current and savings accounts (CASA), during Idul Fitri. Solid CASA growth and reduced cost of funds allowed BCA to maintain a healthy net interest margin even with reduction in interest rates across lending segments.”
Outstanding loans totaled Rp 387.0 trillion at the end of June 2016 for an 11.5% YoY increase led by corporate lending which saw a 19.6% YoY growth to Rp 135.4 trillion. Commercial and Small & Medium Enterprises (SME) loans posted a growth of 6.5% YoY to Rp 146.5 trillion, while consumer lending grew 9.1% YoY to Rp 105.2 trillion due to the Bank’s competitive lending products. Mortgages and vehicle loans grew 8.5% YoY to Rp 61.7 trillion and 11.4% YoY to Rp 34.0 trillion respectively. Credit card loans outstanding increased to Rp 9.5 trillion, up 5.5% YoY.
BCA’s Non-Performing Loans (NPL) ratio increased to 1.4% at the end of June 2016, compared to 0.7% posted in June 2015 in the midst of slowing economic growth. The NPL ratio remains within the set risk appetite limits. In the first half of 2016, BCA booked an additional loan provision of Rp 2.0 trillion to sustain ample loan loss reserves. As of June 2016, the ratio of reserves to non-performing loans stood at 193.0%. BCA proactively maintained a solid liquidity position and capital base. At the end of June 2016, the Loan to Funding Ratio (LFR) stood at 77.9%, while the Capital Adequacy Ratio (CAR) reached 20.3%.
Third party funds grew 7.8% YoY to Rp 490.6 trilion at the end of June 2016 driven by growth in Current and Savings Accounts (CASA). CASA deposits increased 10.2% YoY to reach Rp 381.3 trillion, contributing 77.7% to the Bank’s total third party funds at the end of June 2016. Savings accounts grew 12.6% YoY to Rp 260.9 trillion, while current accounts increased 5.4% YoY to a total of Rp 120.4 trillion. Time deposits were relatively stable at Rp 109.3 trillion.
“Entering the second half of 2016, BCA will maintain a prudent posture in managing the business and in pursuing opportunities for future growth. The Bank will continue investments to strengthen its transaction banking capabilities and to improve lending infrastructure in line with the long-term prospects of the Indonesian banking industry. The development of human resources, organizational alignment as well as improved operational efficiency are essential to further reinforce BCA’s position as a leading bank in Indonesia,” said Mr. Jahja Setiaatmadja, President Director of BCA.
***
About PT Bank Central Asia Tbk (as of 30th June 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 June 2016, BCA had the privilege of providing services to 14.8 million customer accounts through its extensive network of 1,201 branches, 16,974 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
