BCA Earns IDR 31.4 Trillion Profit In 2021, Soars 15.8 Percent

President Director of BCA Jahja Setiaatmadja. (Photo: Doc. Antara)

JAKARTA - PT Bank Central Asia Tbk (BBCA) aka BCA posted a net profit of IDR 31.4 trillion throughout 2021. This profit grew 15.8 percent on an annual basis.

Meanwhile, BCA's total assets rose 14.2 percent YoY to reach IDR 1,228.3 trillion. BCA President Director, Jahja Setiaatmadja, appreciates the efforts of the government and authorities in controlling the pandemic and providing a stimulus package to restore the national economy.

The company, Jahja acknowledged, also supports the recovery momentum by channeling credit to various sectors to encourage consumer credit.

"We took the initiative to hold several virtual events such as the BCA Online Expo, BCA Virtual Mall, and Fast Online MSMEs in 2021. We also launched several new applications, namely MyBca, Halo BCA, and BCA merchants to complement BCA's digital platform", he said in a performance presentation. BCA 2021, Thursday 27 January.

In terms of lending, BCA's total credit rose 8.2 percent YoY to IDR 637 trillion in December 2021, higher than the 6 percent growth target. BCA's credit growth was followed by an improvement in loan quality. The ratio of non-performing loans or non-performing loans was maintained at 2.2 percent, supported by the restructuring relaxation policy.

In terms of funding, CASA (Current Account Saving Account) grew by 19.1 percent YoY to reach IDR 767 trillion and contributed up to 78.6 percent of total third-party funds. Time deposits also grew 6.1 percent YoY to IDR 208.9 trillion.

Overall, total third-party funds rose 16.1 percent YoY to IDR 975.9 trillion, which also pushed BCA's total assets up 14.2 percent YoY to IDR 1,228.3 trillion. Solid funding is supported by customer trust as well as ease and reliability of transactions in developing a transaction banking platform.

BCA is strengthening the expansion of the digital ecosystem through collaboration with strategic partners and carrying out various digital service innovations. In 2021, total transaction volume increased by 42 percent YoY, mainly supported by transactions in mobile banking which grew by 60 percent.