BCA Optimistic Credit Growth Will Continue To Rise Until The End Of 2024

BCA (Photo: Antara)

JAKARTA PT Bank Central Asia or BCA Tbk (BBCA) recorded credit growth in all segments, ranging from SMEs, corporations, to consumer loans. As of June 2024, BCA's total credit grew by 15.5 percent on an annual basis or year on year (YoY) to IDR 850 trillion.

Director of BCA Vera Eve Lim said that the total credit growth was able to be above the average industrial credit growth. This is in line with BCA's commitment to contribute to national economic growth.

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

"Credits for businesses are recorded to grow solidly, both in the corporate and MSME segments. On the consumer credit side, the increase was supported by the implementation of the 2024 BCA Expoversary in February 2024. The event managed to collect a total of KPR applications and motor vehicle loans (KKB) of around Rp. 50 trillion," he said in the Public Expo Live 2024, Wednesday, August 28.

Reflecting on this success, Vera said that her party was again holding the 2024 BCA Expo in seven major cities, in the period August to September 2024. In order to support the development of local MSMEs, BCA also held MSME Fest 2024 which was attended by around 1,200 MSME actors.

Vera explained that the banking performance of BCA transactions grew sustainably, in line with the company's strong commitment to providing security and comfort to various segments of customers in transactions.

On the same occasion, BCA's EVP Corporate Communication and Social Responsibility Hera F. Haryn hopes credit growth at the remainder of the year will continue to grow.

"It turns out that in July the growth continues. Of course we hope that this year our credit growth will continue to maintain good momentum," he explained.

According to Hera, this will be driven by Expo by the company so that it will increase consumer credit growth.

"We hope that this exposure growth will also increase credit growth for this year," he explained.

Meanwhile, BCA's total demand funds and savings (CASA) continue to record growth and support the growth of third party funds as a whole.

The total third party funds (DPK) rose 5.0 percent (YoY) to Rp1,125 trillion, with the CASA component increasing 5.8 percent (YoY) in line with the growth in transaction volume.

Meanwhile, BCA's total transaction frequency rose 21 percent (YoY) to reach 17 billion transactions in the first semester of 2024. Especially on digital channels, the frequency of mobile banking and internet banking transactions reached 14.8 billion, up 24 percent (YoY).

With credit growth support in various business lines and solid funding, BCA posted net profit growth of 11.1 percent (YoY) to IDR 26.9 trillion in the first semester of 2024.