Nine Months, BCA Owned by Hartono Brothers Conglomerate Collects IDR 29 Trillion Profit

Illustration (Photo: Doc. Antara)

JAKARTA - PT Bank Central Asia Tbk and its subsidiaries recorded an increase in net profit in the third quarter of 2022 by 24.8 percent or IDR 29 trillion. BCA also recorded an increase in total loans of 12.6 percent on an annual basis (YoY) as of September 2022.

On the funding side, demand deposits and savings deposits (CASA) rose 15.1 percent YoY, supported by high transaction frequency and an increasing customer base. Meanwhile, third-party funds (DPK) grew 11 percent to a position of IDR 1,025.52 trillion in the third quarter.

President Director of BCA Jahja Setiaatmadja said that as a form of optimism in encouraging credit distribution and supporting economic recovery, BCA will again hold the BCA Expo Hybrid 2022.

"We see the trend of recovery in consumer credit demand continuing. Supported by the implementation of two expos this year, we received a total application for housing loans (KPR) and motor vehicle loans (KKB) worth IDR 30 trillion", said the President Director of BCA Jahja Setiaatmadja at the press conference of the Third Quarter Performance Exposure in Jakarta, Thursday, October 20.

Jahja added that BCA's credit growth occurred in all segments in line with the wider recovery in various economic sectors.

He detailed that corporate loans increased by 13.4 percent YoY to reach IDR306.1 trillion in September 2022, while commercial and SME loans rose 12.6 percent YoY to IDR203.5 trillion.

Mortgages grew 10.4 percent YoY to IDR 105.0 trillion, and KKB grew 9.2 percent YoY to Rp43.8 trillion. The outstanding balance of credit cards also recorded a growth of 15.8 percent YoY to IDR 13.0 trillion, bringing the total consumer loan portfolio up 10.4 percent YoY to IDR 165.0 trillion.

Overall, BCA's total loans rose 12.6 percent YoY to IDR 682.0 trillion.

Meanwhile, concerning lending to sustainable sectors, BCA's portfolio grew 18.6 percent YoY to IDR 172.7 trillion as of September 2022 or contributed up to 25.1 percent of BCA's total financing portfolio.

On the funding side, CASA rose 15.1 percent YoY to reach IDR 830.4 trillion as of September 2022, contributing up to 81 percent of total third-party funds.

CASA growth became the main support for the increase in total third-party funds to reach IDR 1,026 trillion or grew 11.0 percent YoY.

"In line with this achievement, BCA's total assets rose 10.2 percent YoY to IDR 1,289 trillion. Solid CASA funding is in line with the increase in transaction banking activities. In the first nine months of 2022, total transaction volume rose 39.5 percent YoY to reach 17, 4 billion transactions", concluded Jahja.