Up 25.8 Percent, BCA Earns IDR 36.4 Trillion Net Profit In Semester III-2023

Illustration BCA (Photo: Doc. Antara)

JAKARTA - PT Bank Central Asia Tbk (BBCA) recorded a net profit growth of 25.8 percent yoy of IDR 36.4 trillion in the first nine months of 2023.

"This growth is supported by credit volume growth in all segments, consistent improvement in loan quality, and increasing transaction volume and funding," said BCA President Director Jahja Setiaatmadja in an online press conference, Thursday, October 19.

He continued, during the first nine months of 2023, BCA posted an increase in net interest income (NII) of 21.3 percent yoy to Rp55.9 trillion.

Income other than interest grew 9.7 percent yoy to Rp18.3 trillion, supported by an increase in revenue fees and commissions by 7.7 percent yoy. Then in total, operating income was recorded at Rp74.2 trillion, an increase of 18.2 percent yoy.

Along with improving asset quality, Jahja continued, the provision fee was recorded to have decreased by IDR 1.6 trillion compared to the previous year.

"Overall, net profit grew 25.8 percent yoy to Rp36.4 trillion," said Jahja.

Meanwhile, in terms of credit, BCA recorded total credit growth of 12 percent. He detailed, as of September 2023, BCA credit grew double digits in almost all segments. SME loans became the segment with the highest credit growth, which rose 16.4 percent yoy to Rp104.8 trillion.

Meanwhile, corporate loans grew 12.2 percent yoy to Rp343.5 trillion, and commercial loans rose 6.5 percent yoy to Rp121.0 trillion.

"In the consumer credit segment, mortgages grew 11.5 percent yoy to Rp117.9 trillion, and KKB rose 22.1 percent yoy to Rp53.5 trillion," concluded Jahja.