Up 12.6 Percent, Distribution Of BCA Loans Owned By The Conglomerate Robert Budi Hartono Brothers Capai IDR 682 Trillion In The Third Quarter Of 2022

Illustration (Photo: Doc. Antara)

JAKARTA - As of September 2022, PT Bank Central Asia Tbk recorded an increase in lending by 12.6 percent year on year (yoy) to Rp682 trillion.

President Director of PT Bank Central Asia Tbk (BCA) Jahja Setiaatmadja said BCA credit growth was followed by improvements in loan quality, in line with a restructured credit portfolio gradually returning to normal payments.

"BCA credit growth occurs in all segments in line with the wider recovery in various economic sectors," said Jahja at a press conference in Jakarta, Thursday, October 20.

Jahja detailed that corporate loans increased by 13.4 percent on an annual basis to Rp306.1 trillion in September 2022 while commercial and Small and Medium Enterprises (SMEs) loans grew 12.6 percent on an annual basis to Rp203.5 trillion, Home Ownership Loans (KPR) grew 10.4 percent (yoy) to Rp105 trillion, and Motor Vehicle Loans (KKB) rose 9.2 percent (yoy) to Rp43.8 trillion.

"Supported by the implementation of two expos this year, we received a total of KPR and KKB applications worth IDR 30 trillion," continued Jahja.

Meanwhile, the outstanding balance of credit cards also grew 15.8 percent (yoy) to IDR 13.0 trillion, bringing the total portfolio of consumer loans to IDR 165.0 trillion.

BCA also recorded a decline in the loan at risk (LAR) ratio to 11.7 percent in the first nine months of 2022, compared to 17.1 percent in the previous year.

The ratio of non-performing loans (NPL) is maintained at 2.2 percent, while the ratio of NPL and LAR reserves is at a solid level, amounting to 247.9 percent and 49.9 percent, respectively.

On the funding side, CASA rose 15.1 percent yoy to reach IDR 830.4 trillion as of September 2022, contributing up to 81 percent of the total third party funds.

CASA growth is the main support for the increase in total third party funds reaching Rp1,026 trillion.

Along with credit and liquidity growth, BCA posted positive growth in net interest income (NII) during the first nine months of 2022, which was up 9.3 percent yoy to IDR 46.1 trillion.

Income in addition to interest grew 7.8 percent yoy to IDR 16.7 trillion, supported by an increase in fee and commission income by 15.2 percent yoy.

In total, operating income was recorded at IDR 62.8 trillion, an increase of 8.9 percent yoy.

Meanwhile, the cost of provision was recorded to have decreased by IDR 3.7 trillion compared to last year.

"Supported by these positive achievements, BCA's net profit rose 24.8 percent yoy to Rp29 trillion," concluded Jahja.