Jakarta, September 8, 2021 – PT Bank Central Asia Tbk (IDX: BBCA) consistently maintained a solid performance by posting a positive company net profit in the midst of the ongoing COVID-19 pandemic. This was supported by solid financial performance, in line with the company's commitment in supporting sustainable economic growth based on environmental, social, and governance (ESG) values.
Throughout the first semester of 2021, the company posted a net profit increase by 18.1% YoY to Rp14.5 trillions. This achievement was supported by the business value recovery and the frequency of customer transactions in the first six months of this year, in line with improving economic activities.
In June 2021, credit grew 0.8% YtD, supported by the corporate and mortgage segments, which rose 2.1% and 3.8%, respectively. Meanwhile, commercial and SME loans began to improve in the second quarter of 2021 in a QoQ basis. Sustainable finance related loans also rose 19.1% YoY. In terms of funding, CASA grew 21.0% YoY, in line with the increase in a transaction value, a growing customer base, and the strengthening and expansion of the service ecosystem along with the bank's business partners.
BCA posted a positive growth in net interest income of 3.8% YoY to Rp28.3 trillions in the first semester of 2021. On the other hand, non-interest income decreased slightly to 1.2% YoY to Rp10.2 trillions. This decrease was the impact of the one-off gain from the sales of the mutual fund portfolio recorded last year, but it was mostly offset by the increase in fee and commission incomes. The fee and commission incomes rose 7.5% YoY, reaching a higher level than pre-pandemic levels. In total, operating income was recorded at Rp38.5 trillions or rose 2.4% from last year.
BCA's capital remained in a solid position with a capital adequacy ratio (CAR) of 25.3%, higher than regulatory requirements, and adequate liquidity with a loan to deposit ratio (LDR) of 62.4%. The non-performing loan (NPL) ratio was maintained at 2.4% supported by the restructuring relaxation policy. The return on assets (ROA) ratio was recorded at 3.1%, and the return on equity (ROE) ratio was 16.6%.
“We are optimistic that the trend of positive performance will continue, supported by the ongoing economic recovery. We continue to carry out various sales innovations, encourage the use of digitalization, and ensure that every activity is performed according to health protocols to help Indonesia remain strong and grow," said Director of PT Bank Central Asia Tbk, Vera Eve Lim.
In terms of banking transactions, until June 2021, transaction values through BCA mobile banking were recorded an increase by 49.0% YoY, while transactions through internet banking increased by 32.8% YoY. This solid growth was inseparable from the customers’ trust and the continuous development of banking solutions by BCA to provide quality services to meet the customers’ increasingly diverse needs.
"The company continues to carry out digital transformation by taking advantage of the growing trend of digital applications, including services at digital-based branch offices. The presence of myBCA which is prepared as future apps for BCA is based on the exponential increase in transactions via mobile and internet banking. This is an inevitable dynamic and BCA keep open to collaborating with all parties in this digital collaboration era,” said Vera Eve Lim.
Bank Digital BCA, a wholly-owned subsidiary of BCA, has also recently launched a digital application called “blu” in order to provide the best service to the millennial and digital savvy segments. As an initial step, blu relies on creative savings products, namely “bluAccount” for the main transaction account; “bluSaving” which is a savings account for various needs; “bluGether” as shared savings with other customers. Online inter-bank transfer service from blu account to BCA, or vice versa, can be done safely and easily.
BCA also consistently supported sustainable economic growth. From the total of loan portfolio, around 23.0% or Rp136.2 trillions was a sustainable finance loan portfolio which increased by 19.1% YoY. In the second quarter of 2021, BCA held the MSME Fest, promoting more than 1,700 SME merchants through online platforms. During the emergency CARE period, BCA took an active role in supporting the government's efforts to deal with the pandemic, as well as prioritizing the safety of employees and customers. BCA adjusted work from home policy to 50% - 75% and promoted “Banking from Home”. To facilitate transactions during the emergency PPKM period, BCA increased the daily transaction limit in the internet banking from Rp250 millions to Rp500 millions, on myBCA to Rp300 millions, and on BCA Mobile to Rp200 millions (depending on the type of customer card). Currently, foreign exchange transactions are also available through internet banking.
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About PT Bank Central Asia Tbk (as of 30 June 2021)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. As of June 2021, BCA has the privilege of serving more than 26 million customer accounts, processing around 41 million of daily transactions through a network of 1,013 branches; 17,721 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.
For more information, please contact :
PT BANK CENTRAL ASIA TBK
Corporate Secretary & Communication
Public Relations
Address : Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia 20th Floor
Jakarta Pusat 10310
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : humas@bca.co.id
