JAKARTA - The Board of Governors' Meeting (RDG) of Bank Indonesia (BI) decided to raise the BI 7-Day Reverse Repo Rate (BI7DRR) by 25 basis points to 5.75 percent for the January 2023 period.
Related to this, PT Bank Central Asia (BCA) Tbk will consider liquidity conditions to increase deposit interest amid rising benchmark interest rates.
BCA President Director Jahja Setiaatmadja said, if liquidity is sufficient, his party will slow to follow the increase in BI's benchmark interest rate.
"If it turns out that large funds are needed to increase liquidity, of course we will try to increase deposits little by little," Jahja said at an online BCA Performance Exposure press conference, on Thursday, January 26.
Jahja added, since BI raised the benchmark interest rate from August to January 2023, BCA has only raised the deposit interest once, which is 0.1 percent from 1.9 percent to two percent.
"The question is when this will be adjusted, of course we will see our liquidity," he said.
Meanwhile, PT Bank Central Asia (BCA) managed to record a net profit of IDR 40.7 trillion throughout 2022. The net profit figure rose 29.6 percent compared to the same period in 2021.
Not only that, but BCA also recorded that the distribution of home ownership loans (KPR) reached Rp108.3 trillion or grew 11 percent equal to the level before the pandemic.
Meanwhile, motor vehicle loans (KKB) increased by 13.6 percent yoy to Rp46.1 trillion. This figure is rebounded compared to the same period the previous year.
Overall, BCA's total credit rose 11.7 percent to IDR 711.3 trillion in December 2022.
Furthermore, the outstanding balance of credit cards reached IDR 13.38 trillion throughout 2022.
According to Jahja, this figure increased in line with the recovery in community activities, so that the consumer credit portfolio grew 11.7 percent to Rp171.3 trillion.
He explained, BCA's current account saving account (CASA) also grew by 10.6 percent until December 2022.
"We are grateful for the trust of customers and support from the government and authorities, so that BCA passes through 2022 with a solid performance," added Jahja.
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