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BCA

Business 5 years ago

BCA to merge Rabobank Indonesia with BCA Syariah following acquisition

The bank expects to go forward with the merger in 2021 should the acquisition process go smoothly.

Business 5 years ago

BCA to acquire Rabobank Indonesia by end of Q3

BCA shareholders gave their consent to the bank’s plan to acquire Rabobank’s 3.72 million shares during an extraordinary general meeting on July 30.

Business 5 years ago

BCA H1 net profit contracts as loan growth cools, bad debts rise

Publicly listed Bank Central Asia (BCA) saw an annual contraction in its net profit in this year’s first six months as the pandemic held back loan disbursement and pushed up bad debts.

Business 5 years ago

Banks face human resource challenge amid digital development

Indonesian banks face challenges with human resources as they strive to bolster digital banking during the global health crisis.

Business 5 years ago

Digital banking prioritizes security amid cyber threats

National banks have pledged to maintain strong digital security systems and have encouraged consumers to take precautions against the risk of digital security breaches.

Business 5 years ago

BCA sees jump in digital banking services amid pandemic

BCA recorded a 91 percent annual jump in the number of mobile banking transactions, while internet banking transactions increased by 24 percent year-on-year (yoy).

Business 5 years ago

Banking shares under pressure as investors avoid risk amid gloomy outlook

Artha Sekuritas Indonesia vice president Frederik Rasali said the outlook for banking shares was still gloomy as the prospect of lower earnings this year made the banking sector not so promising.

Business 5 years ago

Government to help pay interest on mortgages, car loans

The government is working with the Financial Services Authority (OJK) to prepare a debt relief program.

Business 5 years ago

Rating agencies downgrade Indonesian companies on debt repayment concerns amid COVID-19

The rationale behind the ratings decisions varies for each company but revolves around liquidity risks, concerns over debt repayment ability, a sharp rupiah depreciation, low commodity prices and overall weak demand.