Jakarta, 27 January 2022 – PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries closed 2021 with total loan growth of 8.2% YoY, in line with national economic recovery. We saw loan growth in almost all segments, led by corporate loans and mortgages. Digital innovations and expanded business ecosystems led to a record online transaction volume, driving the growth of current accounts and savings accounts (CASA) to 19.1% YoY in December 2021. Loan and funding growth were accompanied by an improvement in asset quality, resulting in a 19.6% decrease in provision expense compared to the previous year. Overall, BCA and its subsidiaries recorded a net profit of Rp31.4 trillion in 2021, up 15.8% YoY.
“We appreciate the efforts of the Government and authorities to manage the pandemic and recover the national economy, including the provision of a stimulus package. In line with BCA’s commitment to support the economic recovery, BCA proactively explored and disbursed loans in various sectors. To stimulate consumer loan growth, we held a number of virtual events, namely BCA Online Expoversary, KPR BCA ONLINEXPO, KKB BCA Virtual Mall, and online “UMKM Fest”. In 2021, we also launched a series of new apps namely myBCA, haloBCA, and merchantBCA to enrich our digital platform. One of BCA’s subsidiaries, Bank Digital BCA introduced ‘blu’ app, which is uniquely designed to serve the millennial segment," said President Director of PT Bank Central Asia Tbk, Jahja Setiaatmadja.
Newly disbursed loans in the corporate segment have doubled from pre-covid levels, while SME and Mortgage loans also exceeded the 2019 figures. In line with these achievements, corporate loans increased 12.3% to Rp286.5 trillion in December 2021, being the key driver of BCA’s overall loan growth. Mortgages, the second highest contributor to growth, increased 8.2% YoY to Rp97.5 trillion. Commercial and SME loans grew 4.8% YoY to Rp195.8 trillion. Vehicle loans fell slightly by 2.4% to Rp36.0 trillion, while outstanding credit card balance grew 5.2% YoY to Rp11.8 trillion. In total, consumer loans rose by 5.1% to Rp148.4 trillion. Overall, BCA’s total loans grew 8.2% YoY to Rp637.0 trillion in December 2021, higher than the 6% growth target.
Along with solid credit growth, BCA recorded improved loan quality as the Bank’s restructured loans gradually recovered. Loan at Risk ratio (LAR) improved to 14.6% in 2021, lower than the 18.8% in the previous year. Non-Performing Loan (NPL) were manageable at a ratio of 2.2%, supported by the relaxation of the restructuring policy.
On the funding side, CASA rose 19.1% YoY to reach Rp767.0 trillion, contributing 78.6% of total third party funds. Time deposits also grew 6.1% YoY reaching Rp208.9 trillion. Overall, third party funds increased by 16.1% to Rp975.9 trillion, generating total asset growth of 14.2% YoY to Rp1,228.3 trillion. This solid CASA funding was backed by convenient and reliable transaction banking as well as high customer trust. To sustain the Bank’s strong foothold in transaction banking, BCA continues to expand its digital ecosystem through collaborations with strategic partners and to invest in various digital innovations. In 2021, total transaction volume rose 42% YoY, particularly driven by a 60% YoY increase in mobile banking transactions. Total customer accounts at BCA increased by 16% YoY, reaching 29 million customer accounts, which was mostly came from accounts opened online.
“BCA has stepped up its commitment to environmental, social, and governance (ESG) areas in accordance with the UN Sustainable Development Goals (SDGs). In 2021, sustainable financing amounted to Rp154.4 trillion, up 20.9% YoY, well above the targeted 5.5%. Loans were extended to, amongst others, the SME sector, natural resources and sustainable land use, eco-friendly transportation, renewable energy, eco-efficient products, water and waste water management, and energy efficiency business. By year end, the sustainable finance portfolio represented 24.8% of BCA’s total loans,” said Jahja Setiaatmadja.
BCA actively supports the Government's efforts to curb the pandemic, while always prioritizing the safety of employees and customers. BCA regularly adjusted its work from home policy in accordance with Government regulations and promoted banking from home. BCA also participated in the “Gotong Royong” vaccination program for employees, and collaborated with the Government and relevant authorities to provide vaccination centers for people in various regions. By December 2021, more than 98.5% of BCA employees received at least the first dose of vaccine. In total, BCA has distributed vaccines to more than 238,000 recipients, which include employees and their families, as well as the public.
BCA’s Full Year 2021 Results - BCA’s President Director Jahja Setiaatmadja (middle), BCA’s Deputy President Director Suwignyo Budiman (second right), BCA's Director Subur Tan (right), BCA's Director Vera Eve Lim (second left) and BCA's Director Rudy Susanto (left) announced the bank's Full Year of 2021 Results in Jakarta on Thursday (27/01). On 2021 period, overall BCA and its subsidiaries recorded a net profit of Rp31.4 trillion in 2021, up 15.8% YoY. CASA rose 19.1% YoY to reach Rp767.0 trillion, contributing 78.6% of total third-party funds. Time deposits also grew 6.1% YoY reaching Rp208.9 trillion. Overall, third party funds increased by 16.1% to Rp975.9 trillion, generating total asset growth of 14.2% YoY to Rp1,228.3 trillion. This solid CASA funding was backed by convenient and reliable transaction banking as well as high customer trust.
BCA’s Full Year 2021 Results - BCA’s President Director Jahja Setiaatmadja at the presentation of the bank's 2021 full year results in Jakarta, Thursday (27/01). BCA has stepped up its commitment to environmental, social, and governance (ESG) areas in accordance with the UN Sustainable Development Goals (SDGs). In 2021, sustainable financing amounted to Rp154.4 trillion, up 20.9% YoY, well above the targeted 5.5%.
About PT Bank Central Asia Tbk (as of 31 December 2021)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA offers a full range of financial services in consumer, SME, commercial and corporate segments. As of December 2021, BCA has the privilege of serving 29 million customer accounts, processing around 48 million of daily transactions through a network of 1,242 branches; 18,034 ATMs as well as the 24-hour internet & mobile banking systems; supported by 24/7 Halo BCA contact center. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationship with customers, putting people first, and making positive impact on society at large. With more than 25,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.
PT BANK CENTRAL ASIA TBK
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