BCA Syariah Net Profit Grows 19.5 Percent In 2024

Doctors Antara

PT Bank BCA Syariah (BCA Syariah) recorded a profit of IDR 183.7 billion in 2024, or an increase of 19.5 percent on an annual basis or year on year (yoy) supported by an increase in quality financing.

"Alhamdulillah, BCA Syariah has passed 2024 with positive growth. This solid growth is driven by the company's ability to accelerate technology and adapt services supported by human resource management and good risk management," said BCA Syariah President Director Yuli Melati Suryaningrum in his statement, quoted on Sunday, March 2.

Yuli said that Bank was able to maintain the efficiency of operational activities as reflected in the BOPO ratio which was at 79 percent, while the banking intermediation function was shown by FDR at 81.3 percent which reflected balanced financing collection and distribution activities.

As of December 2024, BCA Syariah's assets grew 15 percent on an annual basis (yoy) reaching IDR 16.6 trillion supported by DPK growth in all products, both savings, demand, and deposits.

Yuli said this reflected the increasing public interest in saving in BCA Syariah and the growth of DPK reaching 20.3 percent (yoy) reached Rp13.2 trillion and an increase in savings funds by 17.9 percent (yoy) and giro by 21 percent (yoy) made the acquisition of low-cost funds (Current Account Saving Account/CASA) grow by 19.4 percent (yoy).

In addition, BCA Syariah was able to maintain the composition of CASA in 2024 by 37.8 percent of the DPK.

BCA Syariah launched a new mobile banking BSya in August 2024 as one of the strategic initiatives in collecting CASA with the online account opening feature, BSya provides easy opening accounts anytime without having to go to the BCA Syariah branch.

Yuli said BSya was present to respond to the increasingly rapid development of digital transaction trends, in developing BSya, his party focused on features in accordance with the inputs provided by customers through various review channels so that BSya was really present to increase the convenience and convenience of customer transactions.

According to him, the development of features will continue to be improved to encourage customer growth in 2025.

Yuli conveyed that the intermediation function was well implemented, as reflected in the distribution of quality financing in all financing segmentations, both commercial, MSME and Commercial, grew by 18.9 percent (yoy) with total financing reaching Rp10.7 trillion.

In composition, BCA Syariah financing was supported by commercial financing which reached IDR 7.4 trillion with a growth of 17 percent (yoy).

Yuli said that the distribution of financing was carried out by prioritizing the precautionary principle, as reflected in the gross Non Performing Financing (NPF) which was maintained at 1.54 percent.

As for the growth, consumer financing includes KPR iB, KKB iB and Gold iB, the highest growth reached 74.7 percent compared to the growth of other financing segments.

According to him, this achievement is supported by driven by various inclusion and literacy activities aimed at encouraging public understanding of the benefits of consumer financing at BCA Syariah.

Among BCA Syariah consumer products, iB's gold financing grew the highest by 198.6 percent (yoy) to Rp153 billion and was followed by KPR iB financing which grew 73.4 percent (yoy) to Rp1.2 trillion.

Director of BCA Syariah Pranata said, to facilitate public access to iB's gold financing, his party has developed applications for online gold financing at BSya mobile banking.

Pranata conveyed that the company's commitment to sustainable financing distribution can be seen in the distribution of financing in the Sustainable Business Activity (KUB) sector, which grew 4.3 percent compared to the previous year's IDR 2.8 trillion.

Meanwhile, the composition of BCA Syariah's green financing reached 26.4 percent of total financing in 2024 where lembiaya is channeled to 6 environmentally friendly business activities (KUBL) with the largest distribution for types of businesses that use products and resources that produce little pollution (eco-efficients) amounting to Rp595 billion.

Yuli added that in 2025 his party will strengthen distribution in the energy efficiency, eco-efficient and environmentally friendly transportation sectors.

"We will develop and continue to improve understanding of green financing so that it can increase sustainable portfolios, both existing and unaffordable at this time," he said.

Yuli said that BCA Syariah is optimistic about achieving performance growth in 2025. With the consideration of the economic prospects, regulatory projections and business strategies that will be implemented, BCA Syariah targets double-digit growth in assets, DPK and financing by the end of 2025.