BCA President Director Jahja Setiaatmadja Optimists Credit Performance Will Grow In 2023
JAKARTA - PT Bank Central Asia Tbk (BCA) is optimistic that the company's credit performance will be able to grow in 2023 even though it is overshadowed by the risks of a global recession and economic uncertainty.BCA President Director Jahja Setiaatmadja estimates that the company's credit growth in 2023 will not be much different from this year's achievement. This is because there are still a number of potential sectors that are considered capable of boosting BCA's credit performance.Jahja explained, until the third quarter of 2022, BCA had recorded credit disbursement of Rp682 trillion, an increase of 12.6 percent year-on-year (yoy). This year the company projects credit to grow 8-10 percent yoy."For 2023, we are quite optimistic to see that this year our credit has increased by 12.6 percent on an annual basis. Hopefully with a percentage of approximately the same, we can do it in 2023 even though there will be challenges," he said at a press conference last weekend.Jahja further added that in the midst of the current conditions, it is difficult to map which sectors have the potential to grow. However, in general, he stated that the consumption sector will always be needed by the community."The consumption sector will always be needed because 260 million people in Indonesia need to eat and need fashion as well, there will always be needs," he said.Another sector that is expected to grow is tourism. Jahja stated that a number of countries have begun to relax people's activities to travel. This can be a potential for the tourism sector to increase net foreign exchange transactions.Based on the BCA report, until the third quarter of 2022, the company's credit performance was supported by all segments such as corporate loans which rose 13.4 percent yoy to Rp306.1 trillion, while commercial and SME loans rose 12.6 percent yoy to Rp203.5 trillion.In addition, housing loans (KPR) grew 10.4 percent yoy to Rp105 trillion, and motor vehicle loans (KKB) of Rp43.8 trillion, an increase of 9.2 percent yoy.Meanwhile, the outstanding balance of credit cards also grew 15.8 percent yoy to Rp13.0 trillion, bringing the total portfolio of consumer loans to Rp165.0 trillion, an increase of 10.4 percent yoy.