Growing 14.5 Percent, BCA Credit Reaches IDR 887 Trillion

President Director of BCA Jahja Setiaatmadja. (Photo: Special)

JAKARTA - PT Bank Central Asia Tbk (BBCA) recorded an increase in total credit by 14.5 percent on an annual basis (yoy) to IDR877 trillion as of September 2024.

BCA President Director Jahja Setiaatmadja said credit increase until September 2024 reflected on good consumer credit requests, reflected in the implementation of BCA Expoversary 2024 and BCA Expo 2024 which were able to collect a total of KPR and KKB applications of more than IDR 78 trillion.

"At another event, we held the BCA MSME Fest 2024 followed by more than 1,700 tenants of local product entrepreneurs as part of the BCA Proud of being Local and MSMEs fostered by Bakti BCA, which offers a variety of products such as food, beverages, fashion, and various needs to be made in Indonesia," he said, Wednesday, October 23.

Jahja explained that the distribution of financing as of September 2024 was supported by corporate loans which became the segment with the highest growth, up 15.9 percent yoy reaching Rp395.9 trillion.

Commercial loans rose 11.8 percent yoy to IDR 135.3 trillion, and SME loans grew 14.2 percent yoy to IDR 120.1 trillion.

The total portfolio of consumer loans rose 13.1 percent yoy to Rp216.5 trillion, driven by mortgages which grew 10.7 percent yoy to Rp130.4 trillion and KKB by 17.9 percent yoy to Rp64.1 trillion.

The outstanding other consumer loans, which are mostly credit cards, rose 15.0 percent yoy to Rp21.9 trillion.

Credit disbursement to sustainable sectors grew 10.7 percent yoy touched IDR 214 trillion as of September 2024, contributing up to 24.3 percent of the total financing portfolio.

solid credit growth was followed by the maintenance of the company's financing quality. The loan at risk ratio (LAR) reached 6.1 percent as of September 2024, improving from the position a year ago at 7.9 percent and the ratio of non-performing loans (NPL) was at a maintained level of 2.1 percent.

NPL and LAR reserves at adequate levels, 193.9 percent and 73.5 percent, respectively.