Jakarta, 20 February 2021 – PT Bank Central Asia Tbk (BCA) is committed to being a bank that continues to support the government in achieving self-reliance goals in financing for development. BCA implemented this commitment by becoming a distribution partner for the retail government bonds (ORI) 019. The online purchase of ORI019, either through KlikBCA or the Wealth Management (Welma) app from BCA, has recorded an outstanding result, with Rp4.4 trillion in sales.
Senior Executive of Vice President Wealth Management of BCA Christine Setyabudhi said that until the closing (18/02), the sales of ORI019 at BCA reached nearly Rp4.4 trillion, of which 48% order transactions were made through Welma. The number of investors who purchased ORI019 at BCA was recorded at more than 12,500 investors.
Based on the profile, ORI019 buyers at BCA come from all professions, from employees, entrepreneurs, to students and housewives. We noted that ORI019 was also in great demand among millennials and geographically covers almost most areas in Indonesia.
Christine added, “We observe that Indonesia’s retail bonds still have great potentials this year. In the midst of low global interest rates that will still occur next year, bonds still offer more attractive yields. Furthermore, bonds are also suitable as an option for portfolio allocation for customers with conservative, moderate, and aggressive risk profiles.
Correspondingly, mutual funds, bonds, and bancassurance products recorded fee-based income growth, which annually increased by 64% as of December 2020. Looking at the market conditions today and the contribution of fee-based income for investment products to BCA’s total FBI, which continues upward trend, we hope that the wealth management business will grow on the positive side in the future.
“Going forward, we are committed to always providing solutions according to customer needs and ease of insurance and investment transactions at any time, wherever they are, be it at branch office or on Welma app that offers various attractive offers,” Christine concluded.
The Sales of ORI019 di BCA Nearly Reached Rp4.4 Trillion – BCA customer perform a transaction using the Wealth Management (WELMA) application. WELMA is a mobile application developed by BCA that facilitates investment product purchases such as mutual funds, bonds and insurance education. Until the closing (18/02), the sales of ORI019 at BCA reached nearly Rp4.4 trillion, of which 48% order transactions were made through Welma. The number of investors who purchased ORI019 at BCA was recorded at more than 12,500 investors.
About PT Bank Central Asia Tbk (as of 31th Desember 2020)
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. At the end of December 2020, BCA has the privilege of serving 25.0 million customer accounts, processing around 32 million of daily transactions through a network of 1,248 branches; 17,623 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 24,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesian economy.
PT BANK CENTRAL ASIA TBK
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