BCA, A Bank Owned By The Hartono Brothers Earns IDR 23.2 Trillion In Profit In The Third Quarter Of 2021, Says President Director Jahja Setiaatmadja

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Bank Central Asia Tbk (BCA) managed to reap a net profit of IDR 23.2 trillion in the third quarter of 2021. This value rose 15.8 percent from the previous year's realization.

President Director of BCA Jahja Setiaatmadja the increase in profit was due to a decrease in operating costs and provision costs. As a result, the company's profit performance rose this year.

"We appreciate the government's efforts to control COVID-19 through the vaccination program so that business activities begin to show recovery along with increased mobility," said Jahja in a virtual public expose, Thursday, October 21.

Meanwhile, new loan disbursements were recorded at a higher rate than loan repayments, so that BCA's total loans grew 4.1 percent yoy to IDR 605.9 trillion in September 2021.

Placements in corporate bonds also grew positively, or rose 16.1 percent yoy. Overall, the total portfolio of loans and corporate bonds increased 4.5 percent yoy to IDR 630.2 trillion.

Furthermore, Jahja said credit growth was supported by improving demand from the corporate and mortgage segments, where credit in the two segments rose 7.1 percent yoy and 6.5 percent yoy to reach IDR 269.9 trillion and IDR 95.1 trillion.

"BCA always puts forward environmental, social, and governance (ESG) values, marked by a commitment to disburse loans to sustainable sectors which rose 25.6 percent yoy to IDR 143.1 trillion," said Jahja.

This value contributes 23.6 percent to the total loan portfolio, which includes financing to the SME sector, sustainable management of natural resources and land, and renewable energy.