BCA Loans Grow Solidly Throughout Segment

JAKARTA PT Bank Central Asia Tbk (BBCA) reported that business growth continues to show a positive trend by recording solid credit growth in all segments, from SMEs, corporations, to consumer loans.

BCA credits are also able to grow above the average industrial credit growth. This is in line with the solid resilience of the national economy and controlled inflation amid geopolitical uncertainty and the global economy.

BCA also sees a consistent increase in banking transactions, supported by sustainable innovation. This is in line with the company's commitment to provide security and comfort to various segments of customers in transactions.

In line with this, BCA's total demand and savings (CASA) continue to record growth and support the growth of third party funds as a whole. BCA liquidity is in an adequate position to increase credit growth in a sustainable manner.

Director of BCA Vera Eve Lim said that her party is optimistic about continuing to encourage lending in various economic sectors while still considering the principle of prudence.

"As for, on the consumer credit side, we again held two expos in 2023. From the two events, we were able to collect the total KPR and KKB applications worth Rp46 trillion, or an increase of more than 50 percent compared to the 2022 achievements," he explained in a public expose statement. 2023, Wednesday 29 November.

Vera said that so far in 2023, the SME credit segment has grown the highest compared to other BCA credit segments. In the third quarter of 2023, the company organized BCA MSME Fest 2023 which was able to reach around 1,400 MSMEs and BCA Wealth Summit 2023 which recorded more than 900,000 visitors in just two weeks of implementation.

Then, in the Welma feature in the myBCA application, customers can start investing starting from IDR 10,000 for mutual funds and starting from IDR 1,000,000 for FR bonds. With this affordable investment option, Vera hopes that investment can be made by the wider community, especially the younger generation.

With the support of various business lines, BCA posted a net profit growth of 25.8 percent on an annual basis (yoy) to IDR 36.4 trillion in the first nine months of 2023.

As of September 2023, BCA's total credit rose by 12.3 percent (yoy) to Rp766.1 trillion. On the funding side, the total third party funds (DPK) rose 6.2 percent (yoy) to Rp1,089 trillion in line with the growth in transaction volume, thereby increasing CASA funds.

The total volume of BCA transactions rose 26.8 percent (yoy) reached 22 billion transactions in the first nine months of 2023. The mobile banking channel recorded the highest increase in transaction volume, growing by 43.4 percent (yoy).

"We are also committed to continuing to strengthen the implementation of environmental, social, and governance (ESG) values, including increasing the portfolio of sustainable financial loans, and implementing environmentally friendly company operations," he said.

Vera conveyed that lending to sustainable sectors grew 11.9 percent (yoy) to Rp193.2 trillion, contributing up to 25.0 percent to the company's total financing portfolio as of September 2023.

"BCA is committed to creating a positive impact on the community through various CSR programs under the BCA Bakti program," concluded Vera.