Jakarta, July 29, 2016 - PT Bank Central Asia Tbk (IDX: BBCA) held a public expose marked by the opening of the stock market by BCA Deputy President Director Eugene K. Galbraith at Indonesia Stock Exchange.
“BCA has maintained a positive performance in the first quarter of 2016. In the middle of Indonesia’s economic slowdown, we managed to implement an approach that includes prudence in loan disbursement, as well as consistent supervision on credit portfolio to minimize the increase of non-performing loans. Furthermore, our excellence in banking transaction offers flexibility for third party funds interest rate,” explained Eugene K. Galbraith at the public expose.
BCA’s outstanding loan portfolio reached Rp 387.0 trillion at the end of June 2016, or increased by 11.5% YoY, driven by corporate loan disbursement, which grew by 19.6% YoY to Rp 135.4 trillion. Commercial and Small & Medium Enterprises loan increased by 6.5% YoY to Rp 146.5 trillion, whereas consumer loan increased by 9.1% YoY to Rp 105.2 trillion, driven by competitive loan products. Mortgage portfolio and motor vehicles financing increased by 8.5% YoY to Rp 61.7 trillion and 11.4% YoY to Rp 34.0 trillion, respectively. Outstanding credit card reached Rp 9.5 trillion, increased by 5.5% YoY.
In the midst of economic slowdown, BCA Non-Performing Loan (NPL) Ratio increased to 1.4% on late June 2016, in comparison to 0.7% at the end of June 2015, although considered still within tolerable range. On the first semester of 2016, BCA established additional reserved fund of Rp 2.0 trillion to maintain adequate allowance for impairment of financial asset. As per June 2016, reserve to total non-performing loan ratio was 193.0%. BCA is proactively maintaining liquidity position and solid capital base. At the end of June 2016, loan to funding ratio (LFR) was 77.9%, whereas capital adequacy ratio reached 20.3%.
In terms of financing, third party funds increased by 7.8% YoY to Rp 490.6 trillion at the end of June 2016, driven by the growth of Current and Savings Account (CASA). CASA fund increased by 10.2% YoY to Rp 381.3 trillion, contributing as much as 77.7% to BCA’s third party funds by the end of June 2016. Savings fund increased by 12.6% YoY to Rp 260.9 trillion, whereas current funds increased by 5.4% YoY to Rp 120,4 trillion. Deposits are relatively stable at Rp 109.3 trillion.
The positive business performance successfully supported profit growth on the first semester of 2016. During the period, BCA’s net profit was recorded at Rp 9.6 trillion, increased by 12.1% compared with the same period last year. BCA operational income, which consisted of net interest income and other operational income, increased by 15.5% to Rp 26.1 trillion on the first semester of 2016, from Rp 22.6 trillion on the first semester of 2015.
"Entering the second semester of 2016, we observed how various positive dynamics have pushed Indonesian economy towards a better direction. The tax amnesty program, currently underway, is hoped to bring positive influence to the Indonesian economy as a whole. To support the program as one of the bank gateways, BCA has also actively held socialization programs for customers, and provided financial products to facilitate investment of repatriated asset funds, in addition to receiving tax amnesty redemption charge,” BCA Deputy President Director Eugene K. Galbraith explained.
PT Bank Central Asia Tbk (BCA) Deputy President Director Eugene K. Galbraith (right) and PT Bursa Efek Indonesia Director Samsul Hidayat (left) spoke after opening the stock market, marking BCA’s Public Expose in Jakarta, Friday (29/7). At the public expose, BCA presented its positive performance in the first semester of 2016. Amidst Indonesia’s economic slowdown, the bank managed to implement an approach that includes prudence in loan disbursement and consistent supervision on credit portfolio to minimize increase in non-performing loans.
PT Bank Central Asia Tbk (BCA) Deputy President Director Eugene K. Galbraith (right), accompanied by BCA Head of Planning and Financing Raymon Yonarto (left), presented BCA’s performance to investors as well as potential investors. Entering the second semester of 2016, we observed how various positive dynamics have pushed Indonesian economy towards a better direction. The tax amnesty program, currently underway, is hoped to bring positive influence to the Indonesian economy as a whole.
***
About PT Bank Central Asia Tbk (as per June 30, 2016)
PT Bank Central Asia Tbk (BCA) is one of the leading private banks in Indonesia focusing on business banking transactions, credit loan facilities, and financial solutions for the corporate, commercial and SME, as well as individual customers. At the end of June 2016, BCA facilitated banking transactions for more than 14.8 million customers, through 1,201 branches, 16,974 ATMs, and hundreds of thousands EDC, supported by internet and mobile banking.
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
