Soaring 529.7 Percent, BCA Digital Earns IDR 72.13 Billion Net Profit

JAKARTA - PT Bank Digital BCA (BCA Digital) managed to record an impressive financial performance in the third quarter of 2024, this can be seen from the company's net profit growth. Based on the company's Financial Report as of September 2024, net profit reached IDR 72.13 billion, an increase of 532.7 percent compared to the same period last year of IDR 11.40 billion.

President Director of BCA Digital, Lanny Budiati, said that this significant increase in net profit was the result of an increase in efficiency as reflected in the Operational Revenue Operation Fee Ratio (BOPO) of 91.7 percent as of September 2024 which was much improved compared to September 2023 of 98.3 percent.

"In addition to the productivity that has been achieved by the Company, in managing asset growth and liabilities and expanding credit portfolios, it has contributed to this achievement," he said, Saturday, November 16.

Lanny explained that this achievement was supported by several things. First, the company's net interest income growth (NII), which reached IDR 705.6 billion in September 2024, increased compared to the same period in the previous year of IDR 405.01 billion.

Second, NII's growth is in line with the improving net interest margin (NIM) growth at 6.48 percent. This figure increased compared to September 2023 which ranged from 4.88 percent. Lanny said that both of these reflect good profitability and more efficient asset management.

In addition, Lanny added that from the intermediation function, BCA Digital also recorded credit disbursement which also increased from Rp4.64 trillion to Rp5.51 trillion. The increase was also seen in BCA Digital assets, which now reach Rp15.26 trillion, an increase from Rp13.50 trillion at the end of 2023.

The total collection of Third Party Funds also increased significantly, especially in deposits which increased from IDR 5.68 trillion to IDR 6.21 trillion and savings which rose from IDR 3.30 trillion to IDR 4.74 trillion.

"This shows that customer confidence in BCA Digital is getting stronger. We will continue to maintain optimal service quality to answer customer needs," said Lanny.