Cool! In the midst of the Covid-19 Pandemic, BCA was able to maintain a solid performance

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Cool!  In the midst of the Covid-19 Pandemic, BCA was able to maintain a solid performance


Public expose live 2021. (BCA/Personal Document)

PT Bank Central Asia Tbk (BBCA) was able to consistently maintain a solid performance by posting a positive net profit in the midst of the Covid-19 pandemic, which is still ongoing.

This success was supported by solid financial performance, in line with the company’s commitment to support sustainable economic growth based on environmental, social, and governance (ESG) values.

Throughout the first semester of 2021, the company posted a net profit increase of 18.1% YoY to Rp14.5 trillion. This achievement was supported by the recovery in business value and the frequency of customer transactions in the first six months of this year, in line with improving economic activity.

To note, in June 2021 credit grew 0.8% YtD, supported by the corporate and mortgage segments, which rose 2.1 to 3.8% respectively. Meanwhile, commercial and SME loans began to improve in the second quarter of 2021 on a QoQ basis. Sustainable finance related loans also rose 19.1% YoY. In terms of funding, CASA grew 21.0% YoY, in line with the increase in transaction value, a larger customer base, and the strengthening and expansion of the service ecosystem with the bank’s business partners.

BCA posted positive growth in net interest income of 3.8% YoY to Rp28.3 trillion in the first semester of 2021. On the other hand, income other than interest decreased slightly by 1.2% YoY to Rp10.2 trillion. This decrease was the impact of the one-off gain from the sale of the mutual fund portfolio booked last year, but was largely offset by the increase in fee and commission income. Fee and commission income rose 7.5% YoY, reaching levels already higher than pre-pandemic levels. In total, operating income was recorded at Rp38.5 trillion, an increase of 2.4i last year.

Also Read: Commemorating National Customer Day 2021, Here Are A Series of BCA Innovations to Improve Customer Data Security

BCA’s capital remains in a solid position with a capital adequacy ratio (CAR) of 25.3%, higher than regulatory requirements, and adequate liquidity with a loan to deposit ratio (LDR) of 62.4%. The non-performing loan (NPL) ratio was maintained at 2.4% supported by the restructuring relaxation policy. The return on assets (ROA) ratio was recorded at 3.1%, and the return on equity (ROE) ratio was 16.6%.

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