Private lender BCA sees 10% net profit increase in first half
The Jakarta Post
Indonesia’s largest private lender Bank Central Asia (BCA) saw a 10 percent net profit increase in the first half of 2017 to Rp 10.5 trillion (US$ 788 billion), from Rp 9.6 trillion in the same period last year.
BCA’s operational income grew by 4.9 percent to Rp 27.4 trillion in the first half, from Rp 26.1 trillion in the same period in 2016.
“BCA offers consumer credit with competitive interest rates, which received a positive response from consumers,” BCA vice president director Eugene K. Gailbraith said in Jakarta on Wednesday.Read also: Private lender BCA sees 14.4 percent net profit increase
BCA recorded around Rp 433 trillion in total outstanding loans by the end of June, a rise of 11.9 percent year-on-year (yoy).
The increase was driven by corporate and consumer lending, the lender said in a statement.
BCA’s corporate lending grew by 18.7 percent yoy to Rp 160.7 trillion, in line with rising demand for credit from April to June. Consumer lending, meanwhile, grew by 18.4 percent yoy to Rp 124.5 trillion.
BCA’s non-performing loan slightly increased to 1.5 percent — which is still the acceptable risk — from 1.4 percent, last year.
Meanwhile, its third-party fund also grew by 16.7 percent yoy to Rp 572.2 trillion, to which current account and savings accounts (CASA) contributed 74.6 percent. (dis/bbn)
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