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View all search resultsBCA announces Rp5t share buyback as IDX drops further
The country’s biggest private bank by assets has announced a plan to repurchase up to Rp 5 trillion (US$298.6 million) worth of its shares following a sharp decline in the Indonesian Stock Exchange (IDX) Composite index.
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The BCA Tower stands out on Jakarta’s Jl. Thamrin thoroughfare near the Hotel Indonesia traffic circle on Dec. 18, 2016. (kompas.com/Alsadad Rudi)
B
ank Central Asia (BCA) has announced a plan to repurchase up to Rp 5 trillion (US$298.6 million) worth of its shares following a sharp decline in the Indonesia Stock Exchange (IDX) Composite index.
The share buyback is planned for March 12 but may happen earlier, in accordance with prevailing regulations, a BCA spokesman said in a press release on Thursday.
The move is aimed at “supporting the stability of Indonesia’s capital market, boosting investor trust and providing a better return rate for shareholders,” BCA executive vice president corporate communications and social responsibility Hera F. Haryana explained.
“The implementation of the share buyback would not affect the company’s financial performance and operations. In its operations, BCA always adheres to the principles of good corporate governance [GCG] and complies with all applicable rules and regulations,” Hera added.
BCA previously also announced a move to buy back shares from Oct. 22, 2025, to Jan. 19. The company’s shares, traded under ticker code BBCA, declined by 16.54 percent in the course of 2025.
Read also: BCA readies Rp 5 trillion share buyback to stabilize stock price
The lender posted relatively low credit issuance growth of 7.7 percent year-on-year (yoy) to Rp 933 trillion in December, bringing overall growth for 2025 to 10.8 percent. Its loan growth in December was well below the industry average of 9.6 percent yoy growth in the same month.
