Jakarta, 27 July 2022 – PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries recorded a total loan growth of 13.8% YoY in June 2022, supported by rising business activities as mobility restrictions ease. Loans in June saw the highest quarterly credit growth, up by Rp38.2 trillion from the previous quarter. Meanwhile, current accounts and savings accounts (CASA) rose 17.3% YoY, supported in part by growing transaction volume. In the profit & loss statement, BCA and its subsidiaries posted a net profit of Rp18.0 trillion in the first half of 2022, a 24.9% YoY growth.
“We saw a strong momentum for working capital loan demand prior to Eid al-Fitr celebration along with higher appetite on consumer loans in the second quarter of 2022. We registered an increase in demand for mortgages and vehicle loans during BCA Expoversary 2022 exhibition, with the number of credit applications at this year's event exceeding the averages achieved last year. We express our gratitude for the high public enthusiasm, the collaboration of our business partners, and the support of all stakeholders for the event," said Jahja Setiaatmadja, President Director of PT Bank Central Asia Tbk.
Positive loan growth was recorded in all segments, mainly supported by corporate loans, which rose 19.1% YoY to Rp310.2 trillion in June 2022. Commercial and SME booked the second highest credit growth, up 10.9% YoY to Rp197.5 trillion. On consumer lending front, mortgages grew 8.5% YoY to Rp101.6 trillion, while vehicle loans increased 4.8% YoY to Rp43.2 trillion, a rebound from the pandemic downturn. Credit card outstanding also grew 10.7% YoY to Rp12.7 trillion. In total, consumer loans rose 7.6%% YoY to Rp160.5 trillion. Overall, BCA's total loans increased 13.8% YoY to Rp675.4 trillion. With respect to sustainable financing, BCA's portfolio grew 21.8% YoY to Rp169.5 trillion in June 2022.
“The sustainable finance portfolio reached 24.9% of BCA's total loans. The portfolio includes lending to the renewable energy sector, covering solar, hydro, mini-hydro, biogas, and biomass power plant projects. These projects are spread over 13 regions in Indonesia, with a total power capacity of nearly 200 MW. Further, we just disbursed Rp472 billion financing to a company engaged in the paper recycling industry, supporting the circular economy," said Jahja Setiaatmadja.
BCA's loan growth was accompanied by an improvement in loan quality, as the Bank’s restructured loans gradually return to normal. Loan at Risk (LAR) ratio improved to 12.3% in the first half of 2022, lower than 19.1% in the previous year. Non-Performing Loan (NPL) was manageable at a ratio of 2.2%, supported by the relaxation of the restructuring policy.
On the funding side, CASA rose 17.3% YoY to Rp817.8 trillion in June 2022, contributing to 81% of the total third party funds. CASA was the primary driver for the total third party funds growth. As of June 2022, third party funds reached a new milestone of above Rp1,000 trillion, standing at Rp1,011 trillion, up 12.9% YoY, driving total asset growth of 11.9% YoY to Rp1,264.5 trillion. Solid CASA funding performance is in line with the continued increase in transaction banking volume. In the first half of 2022, total transaction volume rose 40% YoY, reaching 10 billion transactions, most of which came from mobile banking.
The continuous development of digital solutions has become the main asset for BCA in maintaining its strength in the transaction banking. In support of the regulator's initiative to create a modern payment system in Indonesia, BCA rolls out the “BI-FAST” through myBCA, KlikBCA (internet banking), and BCA mobile. The total value of BI-FAST transactions processed by BCA reached Rp271 trillion, with a frequency of 67 million transactions, until June 2022. Through myBCA, which is developed to be an integrated service app in the future, BCA added new features among other mortgage instant top up, mobile phone postpaid bill payments, personalized push notification, and single-bill virtual account transfer in the second quarter of 2022.
Underpinned by solid liquidity and stronger loan growth, BCA sustained a positive growth in Net Interest Income for the first half of 2022, up 5.3% YoY to Rp29.8 trillion. Non-interest income grew 8.9% YoY to Rp11.1 trillion, supported by a 15.0% YoY increase in fee and commission income. In total, operating income was recorded at Rp40.9 trillion, up 6.3% YoY. In line with the improvement in asset quality, provision expense decreased by Rp2.8 trillion from the previous year. With these positive achievements, net profit grew 24.9% YoY to Rp18.0 trillion.
BCA continues to support the acceleration of the national vaccination program. BCA provided vaccination centers for wider communities, extending vaccines for children and booster vaccines. In the first six months of this year, BCA has supported the establishment of 530 vaccination centers, seven times more than the total number of vaccination centers in 2021. Overall, BCA has distributed more than 380,000 doses of Covid-19 vaccine, both for employees and their families as well as the general public.
BCA’s First Half 2022 Financial Results – Bank Central Asia's (BCA) President Commissioner Djohan Emir Setijoso (third right), President Director Jahja Setiaatmadja (middle), Deputy President Director Gregory Hendra Lembong (right), Director Subur Tan (second right), Director Rudy Susanto (second left), Director Santoso (left) and Director Vera Eve Lim (third left) during the presentation of BCA's First Half 2022 Financial Results, Jakarta, Wednesday (27/07). BCA and its subsidiaries recorded a total loan growth of 13.8% YoY in June 2022, supported by rising business activities as mobility restrictions ease. Loans in June saw the highest quarterly credit growth, up by Rp38.2 trillion from the previous quarter. Meanwhile, current accounts and savings accounts (CASA) rose 17.3% YoY, supported in part by growing transaction volume. In the profit & loss statement, BCA and its subsidiaries posted a net profit of Rp18.0 trillion in the first half of 2022, a 24.9% YoY growth.
BCA’s First Half 2022 Financial Results – Positive loan growth was recorded in all segments, mainly supported by corporate loans, which rose 19.1% YoY to Rp310.2 trillion in June 2022. Commercial and SME booked the second highest credit growth, up 10.9% YoY to Rp197.5 trillion. On consumer lending front, mortgages grew 8.5% YoY to Rp101.6 trillion, while vehicle loans increased 4.8% YoY to Rp43.2 trillion, a rebound from the pandemic downturn. Credit card outstanding also grew 10.7% YoY to Rp12.7 trillion. In total, consumer loans rose 7.6%% YoY to Rp160.5 trillion. Overall, BCA's total loans increased 13.8% YoY to Rp675.4 trillion. With respect to sustainable financing, BCA's portfolio grew 21.8% YoY to Rp169.5 trillion in June 2022.
***
About PT Bank Central Asia Tbk (as of 30 June 2022)
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 2022, BCA has the privilege of serving around 31 million customer accounts, processing around 62 million of daily transactions through a network of 1,242 branches; 18,065 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 Secretariat Division – Corporate Communication Sub-Division
Public Relations Bureau
Address : Jl. MH Thamrin No.1, Menara BCA Lt. 20. Jakarta 10310
Phone : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id
