Despite Earning IDR 7 Trillion In First Quarter Of 2021, BCA Credit Declines, This Is Explanation By President Director Jahja Setiaatmadja

JAKARTA - PT Bank Central Asia Tbk. (BCA) recorded minor achievements in terms of lending and financing during the first quarter of 2021.

Based on public exposure to performance in the first trimester of this year, the largest private bank in Indonesia booked an intermediation contraction of Rp586.8 trillion. The incision fell from the same period the previous year with IDR612.2 trillion.

BCA President Director (Presdir) Jahja Setiaatmadja said the pandemic factor was still the main cause of the delay in credit and financing expansion in the early period of this year.

"Business activities that have not fully recovered have resulted in the facility being unable to be fully utilized," he said, Thursday, April 22.

However, there were a number of sectors that scored positive results. For example, corporate credit rose 0.9 percent year-on-year (yoy) to IDR262.6 trillion.

Meanwhile, the commercial and SME credit segmentation decreased 6.4 percent yoy to Rp178.9 trillion. Meanwhile, total consumer credit contracted 10 percent to Rp139.5 trillion.

Then in the consumer portfolio, mortgage loans (KPR) fell 3.4 percent yoy to IDR 89.4 trillion, and motor vehicle loans (KKB) collapsed 23.7 percent to IDR 36.0 trillion.

Furthermore, the outstanding credit card balance is said to have decreased by 10.2% YoY to IDR 11.1 trillion.

Despite experiencing considerable pressure from the intermediation side, this financial services institution managed to score its own achievement at the BCA Online Expoversary which was held last March.

"Along with the government's stimulus to spur demand for consumer credit, the BCA Online Expoversary was held last month to provide special offers for KPR and KKB for the retail segment with satisfactory results," said Jahja.

It was revealed that the annual event which is now being held virtually has attracted 1.2 million visitors. It was revealed that the application for KPR and KKB scored fantastic results, respectively, with a value of Rp. 15 trillion and Rp. 5 trillion.

"This is a signal that people's purchasing power is still in the market," said Jahja.

Overall, the bank with the issuer code BBCA managed to earn a consolidated net profit of IDR 7 trillion in the first three months of 2021. This value grew 7 percent from the same period 2020 with IDR 6.58 trillion.

"The solid performance of BCA and its subsidiaries cannot be separated from the support of customers, regulators, and all related parties, who have always been hand in hand with us in going through these difficult times," concluded Jahja.