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View all search resultsBCA reports 8% profit growth with loans up 13% yoy in first half
Bank Central Asia (BCA) posted a net profit of Rp 29 trillion (US$1.7 billion), up 8 percent year-on-year (yoy), in the first half of this year, in line with growing loan disbursement and funding, as well as rising transaction volume.
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Customers are pictured at a Bank Central Asia (BCA) branch in Jakarta in this undated photo. (JP/Nurhayati )
B
ank Central Asia (BCA) posted a net profit of Rp 29 trillion (US$1.7 billion), up 8 percent year-on-year (yoy), in the first half of this year, in line with growing loan disbursement and funding, as well as rising transaction volume.
BCA said it increased loan issuance by 12.9 percent yoy to Rp 959 trillion while maintaining liquidity.
“BCA sees positive credit growth across various segments, from corporate and SMEs [small, medium enterprises] to consumer,” BCA president director Hendra Lembong told a press conference on Wednesday.
Corporate lending increased by a particularly steep rate of 16.1 percent yoy, followed by commercial loans at 12.6 percent and SMEs loans at 11.1 percent.
Consumer loan issuance grew by a more moderate 7.6 percent to Rp 226.4 trillion, supported by increases in mortgage loans (KPR) and motor vehicle loans (KKB).
The private lender noted that its loan quality remained solid, with the loans at risk (LAR) share dropping to 5.7 percent as of June from 6.7 percent recorded a year earlier. Meanwhile, its ratio of nonperforming loans (NPL) stood at 2.2 percent.
BCA, which is the biggest listed company in Indonesia by market capitalization, also reported improving operational efficiency, with a cost-to-income ratio (CIR) falling to 29.1 percent from 30.5 percent in the first semester of 2024.
