JAKARTA - PT Bank Cetral Asia Tbk (BBCA) recorded positive credit growth in the first three months of 2022. Overall, BCA's total credit grew by 8.6 percent compared to the previous year (yoy) to IDR 637.1 trillion in March 2022.
President Director of PT Bank Central Asia Tbk, Jahja Setiaatmadja revealed, corporate loans rose 9.2 percent yoy to reach IDR 286.9 trillion in March 2022, becoming the main support for BCA's total loan growth.
"Along with improving business activity, commercial and SME loans rose 8.2 percent yoy to IDR 188.8 trillion," he said in a virtual performance presentation, Thursday, March 21.
Meanwhile, the highest credit growth was recorded by the mortgage segment, which grew 9.8 percent yoy to IDR 98.2 trillion.
Motor Vehicle Loans (KKB) rebounded by 3.6 percent yoy to IDR 41.6 trillion, and credit card outstanding balances grew 4.9 percent yoy to IDR 12.0 trillion. The total consumer loan portfolio rose 7.6 percent yoy to IDR 154.8 trillion.
"The submission of new consumer loan applications from the BCA Expoversary 2022 is expected to positively contribute to higher new lending in the second quarter of this year. Overall, BCA's total loans rose 8.6 percent yoy to IDR 637.1 trillion in March 2022," he explained. .
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On the other hand, he continued, to promote environmental, social, and governance (ESG) values, the company disbursed loans to sustainable sectors which reached IDR 161.6 trillion in March 2022. This figure increased by 25.6 percent yoy, and contribute up to 24.9 percent of BCA's total financing portfolio.
Jahja continued, coinciding with Kartini Day, BCA presented a Women's Multipurpose Business Credit program with special interest rates starting from 3.88 percent effective per year as a form of support for women MSME entrepreneurs.
BCA's loan growth was followed by improvement in loan quality, as restructured loans gradually returned to normal payments. The loan at risk (LAR) ratio fell to 13.8 percent in the first quarter of 2022, compared to 19.4 percent in the previous year. The ratio of non-performing loans (NPL) was maintained at 2.3 percent, supported by the restructuring relaxation policy.
"Apart from the financing side, BCA has also carried out a number of environmentally friendly initiatives, including card and EDC waste management, employee engagement programs that produced nearly 19,000 tree seedlings for planting, as well as turning off lights for 1 hour in 544 BCA office buildings to support the Earth Hour program," said Jahja.
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