Jakarta, February 7th, 2022 – Technology is one of the fast-growing industries in most countries across the globe, including Indonesia. The digital adoption trend has affected how technological innovation is implemented in different platforms. In response to this, PT Bank Central Asia Tbk. (BCA) and investment management firm PT Batavia Prosperindo Aset Manajemen (BPAM) have launched Batavia Technology Sharia Equity USD (BTSEU), providing a sharia-compliant mutual fund service amidst the rise of the technology sector in the global market.
BTSEU was launched in a virtual ceremony on Monday (Feb 7th). BCA's Deputy President Director Suwignyo Budiman, BCA’s Wealth Management Senior Executive Vice President Christine Setyabudhi, and BPAM's Chief Executive Officer Lilis Setiadi were present at the ceremony. After the launch, BTSEU will be made available in BCA, providing people with an alternative financial instrument for investment.
"The fast-paced development of technology has certainly affected people's lives. These days, people of different social classes have been using technology, and it has become an integral part of and cannot be separated from our lives. Technology poses a huge development potential; it is one of the attractive sectors to invest in. Moreover, Indonesia maintains a positive investment climate, and people are more motivated to invest. With the increasing number of choices for investment, we believe it is important to diversify our customer investment portfolio. So, to welcome the enthusiasm, BCA now offers BTSEU, allowing customers to diversify their investment instruments, driven by the technology trend worldwide," said BCA Deputy President Director Suwignyo Budiman.
BPAM's Chief Executive Officer Lilis Setiadi said, "We are pleased with the launch of the BTSEU Mutual Fund. We believe this mutual fund can serve the needs of investors who wish to put their money into world-class, megatrend tech companies. In partnership with Franklin Templeton (one of the world's leading investment management firms) as our technical advisor, we believe BTSEU is the right instrument for our customers to benefit from the massive growth in the technology sector.”
Investing in the technology sector can yield attractive returns as digital transformation spending is estimated to reach trillions of dollars. The US and global tech stocks have also seen a lucrative prospect, with big and small enterprises recording promising growth.
Customers can get more information on BTSEU via PIC Relationship and BCA marketing staff. BTSEU will also be available via the Welma app and BCA branch offices starting February 16th, 2022. After the launch, BCA offers Rp500 thousand cashback for each US$50,000 order (multiplications apply, up to Rp5 million) until February 11th, 2022.
"Serving 27.7 million customers (as of December 2021) with different financial needs, BCA has seen a rising demand for Wealth Management. To answer customer demands, BCA has stepped forward to build a strong foundation in the Wealth Management business and remained committed to providing investment advisory, not just marketing. We educate our customers and provide consultancy for those who wish to diversify their investment portfolio. We also provide other products and services to keep up with the market trends while allowing our customers to optimally diversify their portfolios. Now available at BCA, BTSEU is a good opportunity for investing in global tech stocks. With BTSEU, we aim to provide the latest investment instrument and help advance technology, especially in Indonesia," said BCA’s Wealth Management Senior Executive Vice President Christine Setyabudhi.
BTSEU Mutual Fund Launch – The virtual ceremony to launch BTSEU Mutual Fund was commenced on February 7th. BCA’s Vice President Director Suwignyo Budiman (top left), BCA’s Senior Wealth Management Executive Vice President Christine Setyabudhi (top right), and PT. Batavia Prosperindo Asset Management’s CEO Lilis Setiadi (below) were present at the ceremony. Customers can get more information on BTSEU via PIC Relationship and BCA marketing staff. BTSEU will also be made available via the Welma app and BCA branch offices starting February 16th, 2022.
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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
Corporate Secretary & Communication
Public Relations
Address : Jl. MH Thamrin No.1, Menara BCA 20 th Floor. Jakarta 10310
Telepon : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id
