Back to announcement
Audited Report BCA 31 Dec 2025 (Eng).pdf
Financial statement Text extracted BBCASource file signed link, expires in 15 minutes
Extracted text 145
Page 1
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2025 AND 2024
Page 2
Page 3
Page 4
Page 5
Page 6
Page 7
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 1/1
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
31 December
Notes 2025 2024
ASSETS
2b,2g,4,37,
Cash 42,49 25,305,031 29,315,878
2b,2g,2i,5,37,
Current accounts with Bank Indonesia 42,49 47,768,278 36,408,142
Current accounts with other banks - net of allowance for
impairment losses of Rp 768 as of 31 December 2025 2b,2g,2i,6,37,
(31 December 2024: Rp 638) 42,49 5,331,638 4,097,199
Placements with Bank Indonesia and other banks - net
of allowance for impairment losses of Rp 2,510 2b,2g,2j,7,37,
as of 31 December 2025 (31 December 2024: Rp 1,712) 42,49 9,813,541 15,714,884
2g,2k,8,37,42,
Financial assets at fair value through profit or loss 49 35,320,959 21,524,617
Acceptance receivables - net of allowance for
impairment losses of Rp 200,313 as of 31 December 2025 2g,2l,9,37,42,
(31 December 2024: Rp 440,695) 49 9,494,630 9,621,047
Bills receivable - net of allowance for impairment losses of
Rp 5,381 as of 31 December 2025
(31 December 2024: Rp 3,116) 2g,10,37,42,49 11,825,095 8,891,769
Securities purchased under agreements to resell - net of
allowance for impairment losses of Rp 936
as of 31 December 2025 (31 December 2024: Rp 1,041) 2g,2n,11,37,42 5,285,513 1,449,562
Loans receivable - net of allowance for impairment
losses of Rp 29,752,034 as of 2g,2m, 2ak,12,37,40,
31 December 2025 (31 December 2024: Rp 32,624,643) 42,45,49 940,481,200 868,686,210
Consumer financing receivables - net of allowance for impairment
losses of Rp 512,511 as of 31 December 2025
(31 December 2024: Rp 363,284) 2g,2o,13,37,42 8,953,987 9,435,564
Finance lease receivables - net of allowance for impairment
losses of Rp 2,327 as of 31 December 2025
(31 December 2024: Rp 513) 2g,2p,37,42 8,005 51,042
Assets related to sharia transactions - net of allowance for impairment
losses of Rp 492,699 as of 31 December 2025
(31 December 2024: Rp 510,590) 2g,2q 12,698,160 10,206,637
Investment securities - net of allowance for impairment
losses of Rp 625,742 as of 31 December 2025 2g,2r,14,37,42,
(31 December 2024: Rp 552,566) 49 409,421,000 371,151,957
Prepaid expenses 15 1,713,699 969,926
Prepaid tax 20a 77,001 1,562,175
Fixed assets - net of accumulated depreciation of
Rp 11,880,570 as of 31 December 2025
(31 December 2024: Rp 9,899,706) 2h,2s,16 28,473,684 28,250,624
Intangible assets - net of accumulated amortisation of
Rp 1,123,847 as of 31 December 2025
(31 December 2024: Rp 917,036) 2e,2u,17 1,778,772 1,805,639
Deferred tax assets - net 2ah,20h 5,852,206 5,495,208
Other assets - net of allowance for impairment losses of
Rp 1,978 as of 31 December 2025 2g,2h,2t,2ak
(31 December 2024: Rp 23,194) 2am,18,42,45,49 27,226,137 24,663,248
TOTAL ASSETS 1,586,828,536 1,449,301,328
The accompanying notes to the consolidated financial statements form an integral part of these consolidated
financial statements.
Page 8
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 1/2
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
31 December
Notes 2025 2024
LIABILITIES, TEMPORARY SYIRKAH DEPOSITS, AND EQUITY
LIABILITIES
2g,2v,2ak
Deposits from customers 19,37,42,45,49 1,233,799,081 1,120,613,667
Sharia deposits 2g,2w,42 4,727,157 3,511,679
Deposits from other banks 2g,2v,19,37,42,49 3,966,077 3,656,298
Financial liabilities at fair value through profit or loss 2g,2k,8,37,42,49 97,406 257,613
Acceptance payables 2g,2l,9,37,42,49 4,733,862 4,651,955
2g,2n,11,14,37,
Securities sold under agreements to repurchase 42,46,49 - 1,330,996
Tax payable 2ah,20b 2,943,190 626,355
Borrowings 2g,21,37,42,46,49 2,047,436 2,242,516
Estimated losses from commitments and contingencies 2g,2ab,22,42,49 2,866,909 2,975,187
2g,2ab,2am,
Accruals and other liabilities 23,42,49 29,268,935 27,515,449
Post-employment benefits obligation 2ag,38 9,993,233 9,097,709
Subordinated bonds 2g,2z,24,37,42,46 65,000 500,000
TOTAL LIABILITIES 1,294,508,286 1,176,979,424
TEMPORARY SYIRKAH DEPOSITS 2x 10,632,695 9,486,817
EQUITY
Equity attributable to equity holders of parent entity
Share capital - par value per share of Rp 12.50 (full amount)
Authorised capital: 440,000,000,000 shares
Issued and fully paid-up capital: 123,275,050,000 shares 1b,25 1,540,938 1,540,938
Additional paid-in capital 1b,2e,2ad,26 5,492,318 5,548,977
Treasury stock:
262,016,800 shares, acquisition cost 1b,2al,25 (2,152,514) -
Revaluation surplus of fixed assets 2s,16 11,378,973 11,138,896
Foreign exchange differences arising from translation of
financial statements in foreign currency 2f - 457,789
Unrealised gains (losses) on financial assets at
fair value through other comprehensive income - net 2g,2r,7,14 2,108,873 273,214
Retained earnings
Appropriated 36 4,268,903 3,720,540
Unappropriated 2ag 258,920,057 239,958,882
Other equity components 2e (91,070) 1,385
Total equity attributable to equity holders of parent entity 281,466,478 262,640,621
Non-controlling interest 1c,2e,44 221,077 194,466
TOTAL EQUITY 281,687,555 262,835,087
TOTAL LIABILITIES, TEMPORARY SYIRKAH DEPOSITS, AND EQUITY 1,586,828,536 1,449,301,328
The accompanying notes to the consolidated financial statements form an integral part of these consolidated
financial statements.
Page 9
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 2/1
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
Notes 2025 2024*)
OPERATING INCOME AND EXPENSES
Interest and sharia income 2ad,2aj,28,45
Interest income 97,964,378 93,991,349
Sharia income 948,274 805,105
Total interest and sharia income 98,912,652 94,796,454
Interest and sharia expense 2ad,2aj,29,45
Interest expense (12,841,842) (12,137,180)
Sharia expense (522,653) (395,110)
Total interest and sharia expense (13,364,495) (12,532,290)
NET INTEREST AND SHARIA INCOME 85,548,157 82,264,164
Insurance income 2am 2,003,240 3,110,733
Insurance expense 2am (1,858,302) (1,753,761)
INSURANCE INCOME - NET 144,938 1,356,972
OTHER OPERATING INCOME
Fees and commission income - net 2ae,30 19,660,107 17,979,919
Net income from transaction at fair value
through profit or loss 2af,31 4,007,144 2,854,529
Others 2,645,980 2,097,196
Total other operating income 26,313,231 22,931,644
Impairment losses on assets 2g,32 (4,011,047) (2,034,453)
OTHER OPERATING EXPENSES
Personnel expenses 2ag,2aj,33,38,45 (17,780,770) (17,444,242)
General and administrative expenses 2aj,16,34,45 (16,780,115) (16,874,142)
Others (2,173,518) (1,982,093)
Total other operating expenses (36,734,403) (36,300,477)
INCOME BEFORE TAX 71,260,876 68,217,850
INCOME TAX EXPENSE 2ah,20c (13,697,783) (13,366,576)
NET INCOME 57,563,093 54,851,274
OTHER COMPREHENSIVE INCOME:
Items that will not be reclassified to profit or loss:
Remeasurements of defined benefit obligation 2ag,38 (804,399) 71,872
Income tax on remeasurements of defined benefit obligation 2ah 152,651 (13,514)
(651,748) 58,358
Revaluation surplus of fixed assets 2s,16 252,056 238,886
(399,692) 297,244
Items that will be reclassified to profit or loss:
Unrealised gains/(losses) on financial assets at fair value through
other comprehensive income 2j,2r,14 2,273,789 (824,292)
Income tax 2ah (426,944) 146,807
1,846,845 (677,485)
Foreign exchange differences arising from translation of
financial statements in foreign currency 2f - 35,287
Others (101,189) -
1,745,656 (642,198)
OTHER COMPREHENSIVE INCOME,
NET OF INCOME TAX 1,345,964 (344,954)
TOTAL COMPREHENSIVE INCOME (Carried forward) 58,909,057 54,506,320
*) Reclassified, see Note 48
The accompanying notes to the consolidated financial statements form an integral part of these consolidated
financial statements.
Page 10
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 2/2
CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
Notes 2025 2024
TOTAL COMPREHENSIVE INCOME (Brought forward) 58,909,057 54,506,320
NET INCOME ATTRIBUTABLE TO:
Equity holders of parent entity 57,537,287 54,836,305
Non-controlling interest 2e,44 25,806 14,969
57,563,093 54,851,274
COMPREHENSIVE INCOME ATTRIBUTABLE TO:
Equity holders of parent entity 58,882,446 54,493,191
Non-controlling interest 2e,44 26,611 13,129
58,909,057 54,506,320
BASIC AND DILUTED EARNINGS PER SHARE
ATTRIBUTABLE TO EQUITY HOLDERS OF
PARENT ENTITY (full amount) 2ac,35 467 445
The accompanying notes to the consolidated financial statements form an integral part of these consolidated
financial statements.
Page 11
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 3/1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2025
Attributable to equity holders of parent entity
Foreign
exchange Unrealised
differences gains (losses)
arising from on financial
translation of assets at fair Total equity
financial value through attributable to
Issued and Additional Revaluation statements in other equity holders Non-
fully paid-up paid-in Treasury surplus of foreign comprehensive Retained earnings Other equity of parent controlling
Notes capital capital stocks fixed assets currency income - net Appropriated Unappropriated components entity interest Total equity
Balance, 31 December 2024 1,540,938 5,548,977 - 11,138,896 457,789 273,214 3,720,540 239,958,882 1,385 262,640,621 194,466 262,835,087
Net income for the year - - - - - - - 57,537,287 - 57,537,287 25,806 57,563,093
Revaluation surplus of fixed assets 2s,16 - - - 240,077 - - - 11,979 - 252,056 - 252,056
Unrealised gain (losses) on financial
assets at fair value through other
comprehensive income - net 2j,2r,4 - - - - - 1,835,659 - - - 1,835,659 11,186 1,846,845
Remeasurements of defined
benefit obligation - net 2ag,2ah,38 - - - - - - - (651,486) - (651,486) (262) (651,748)
Other equity components - - - - - - - - (91,070) (91,070) (10,119) (101,189)
Total comprehensive income
for the year - - - 240,077 - 1,835,659 - 56,897,780 (91,070) 58,882,446 26,611 58,909,057
Difference on transaction amount
from business combination of
entity under common control 2g,26 - (56,659) - - - - - - - (56,659) - (56,659)
General reserve 36 - - - - - - 548,363 (548,363) - - - -
Cash dividends 36 - - - - - - - (37,595,047) - (37,595,047) - (37,595,047)
Treasury stock, acquisition cost 1b,2al,25 - - (2,152,514) - - - - - - (2,152,514) - (2,152,514)
Changes in establishment
of Subsidiaries - - - - (457,789) - - 206,805 (1,385) (252,369) - (252,369)
Balance, 31 December 2025 1,540,938 5,492,318 (2,152,514) 11,378,973 - 2,108,873 4,268,903 258,920,057 (91,070) 281,466,478 221,077 281,687,555
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
Page 12
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 3/2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2024
Attributable to equity holders of parent entity
Foreign
exchange Unrealised
differences gains (losses)
arising from on financial
translation of assets at fair Total equity
financial value through attributable to
Issued and Additional Revaluation statements in other equity holders Non-
fully paid-up paid-in surplus of foreign comprehensive Retained earnings Other equity of parent controlling
Notes capital capital fixed assets currency income - net Appropriated Unappropriated components entity interest Total equity
Balance, 31 December 2023 1,540,938 5,548,977 10,936,462 422,502 948,627 3,234,149 219,723,216 1,385 242,356,256 181,337 242,537,593
Net income for the year - - - - - - 54,836,305 - 54,836,305 14,969 54,851,274
Revaluation surplus of fixed assets 2s,16 - - 202,434 - - - 36,452 - 238,886 - 238,886
Foreign exchange differences arising
from translation of financial
statements in foreign currency 2f - - - 35,287 - - - - 35,287 - 35,287
Unrealised gain (losses) on financial
assets at fair value through other
comprehensive income - net 2j,2r,7,14 - - - - (675,413) - - - (675,413) (2,072) (677,485)
Remeasurements of defined
benefit liability - net 2ag,2ah,38 - - - - - - 58,126 - 58,126 232 58,358
Total comprehensive income
for the year - - 202,434 35,287 (675,413) - 54,930,883 - 54,493,191 13,129 54,506,320
General reserve 36 - - - - - 486,391 (486,391) - - - -
Cash dividends 36 - - - - - - (34,208,826) - (34,208,826) - (34,208,826)
Balance, 31 December 2024 1,540,938 5,548,977 11,138,896 457,789 273,214 3,720,540 239,958,882 1,385 262,640,621 194,466 262,835,087
The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.
Page 13
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 4/1
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
Notes 2025 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts of interest and sharia income, insurance, fees and commissions 116,653,110 110,947,606
Other operating income 3,155,605 6,141,705
Payments of interest and sharia expenses, insurance, fees and commissions (13,394,155) (12,578,014)
Payments of post-employment benefits 38 (1,552,406) (1,165,422)
Other operating expenses (33,351,462) (33,961,074)
Payment of tantiem to Board of Commissioners and Board of Directors 36 (887,700) (765,000)
Other increases (decreases) affecting cash:
Placements with Bank Indonesia and other banks - mature
more than 3 (three) months from the date of acquisition (599,435) 696,624
Financial assets at fair value through profit or loss (11,008,328) (5,384,422)
Acceptance receivables 366,799 4,880,997
Bills receivable (2,929,891) 1,718,437
Securities purchased under agreements to resell (3,835,846) 91,646,548
Loans receivable (75,158,559) (111,218,318)
Consumer financing receivables (163,508) (1,075,617)
Finance leases receivables - net 41,223 88,851
Assets related to sharia transactions (2,502,671) (1,696,820)
Other assets (368,424) (138,657)
Deposits from customers 110,410,053 26,690,842
Sharia deposits 1,215,478 309,709
Deposits from other banks 255,355 (6,480,950)
Acceptance payables 81,907 (2,049,301)
Accruals and other liabilities 2,448,145 (2,098,166)
Temporary syirkah deposits 1,145,878 1,592,945
Net cash provided by (used in) operating activities before
income tax 90,021,168 66,102,503
Payment of income tax (12,512,383) (12,282,274)
Net cash provided by (used in) operating activities 77,508,785 53,820,229
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of investment securities (225,667,316) (216,097,218)
Proceeds from sales of investment securities - 770,959
Proceeds from investment securities that matured
during the year 194,313,921 160,506,459
Cash dividends received from investment in shares 107,764 38,095
Acquisition of fixed assets (1,914,929) (3,565,731)
Acquisition of right-of-use assets (536,281) (607,448)
Proceeds from sale of fixed assets 16 5,915 6,378
Net cash provided by (used in) investing activities (33,690,926) (58,948,506)
The accompanying notes to the consolidated financial statements form an integral part of these consolidated
financial statements.
Page 14
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 4/2
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
Notes 2025 2024
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of debt securities issued 24 (435,000) -
Proceeds from borrowings 46 60,800,000 73,287,728
Payment of borrowings 46 (60,995,080) (72,680,017)
Payment of cash dividends 36 (37,595,047) (34,208,826)
Treasury stock 25 (2,152,514) -
Proceeds from securities sold under agreements
to repurchase 46 - 559,231
Payment of securities sold under agreements
to repurchase 46 (1,330,996) (286,805)
Net cash provided by (used in) financing activities (41,708,637) (33,328,689)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,109,222 (38,456,966)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 85,482,530 124,395,987
EFFECT OF FOREIGN EXCHANGE RATE FLUCTUATIONS ON
CASH AND CASH EQUIVALENTS (42,424) (456,491)
CASH AND CASH EQUIVALENTS, END OF YEAR 87,549,328 85,482,530
Cash and cash equivalents consist of:
Cash 4 25,305,031 29,315,878
Current accounts with Bank Indonesia 5 47,768,278 36,408,142
Current accounts with other banks 6 5,332,406 4,097,837
Placements with Bank Indonesia and other banks - mature
within 3 (three) months or less from the date of acquisition 7 9,143,613 15,660,673
Total cash and cash equivalents 87,549,328 85,482,530
The accompanying notes to the consolidated financial statements form an integral part of these consolidated
financial statements.
Page 15
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/1
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
1. GENERAL
a. Establishment and general information of the Bank
PT Bank Central Asia Tbk (“Bank”) was established in the Republic of Indonesia based on the
Deed of Establishment No. 38 dated 10 August 1955, drawn up before Raden Mas Soeprapto,
Deputy Notary in Semarang under the name "N.V. Perusahaan Dagang Dan Industrie
Semarang Knitting Factory". This deed was approved by the Minister of Justice based on
stipulation No. J.A.5/89/19 dated 10 October 1955 and announced in State Gazette No. 62
dated 3 August 1956, Supplement No. 595. Since its establishment, the name of the Bank has
been changed several times, and the name change to PT Bank Central Asia based on the
Deed of Amendment to the Articles of Association No. 144 dated 21 May 1974, made before
Wargio Suhardjo, S.H., substitute for Notary Ridwan Suselo, Notary in Jakarta. The Bank's
name was then changed to PT Bank Central Asia Tbk in connection with the change in the
Company's status from a private company to a public company as stated in the Deed of
Amendment to the Articles of Association No. 62 dated 29 December 1999, drawn up before
Notary Hendra Karyadi, S.H., which was approved by the Minister of Justice with decision No.
C-21020 HT.01.04.TH.99 dated 31 December 1999 and announced in the State Gazette No.
30 dated 14 April 2000, Supplement No. 1871.
The Bank's Articles of Association have been adjusted to Law No. 40 of 2007 concerning
Limited Liability Companies and Regulation of the Capital Market and Financial Institution
Supervisory Agency Number IX.J.1 concerning the Main Points of the Articles of Association
of Companies Conducting Public Offerings of Equity Securities and Public Companies,
Attachment to the Decree of the Chairman of the Capital Market and Financial Institution
Supervisory Agency Number Kep-179/BL/2008 dated 14 May 2008 as stated in the Deed of
Statements of Meeting Decisions No. 19, dated 15 January 2009, made before Doctor Irawan
Soerodjo, S.H., M.Si., Notary in Jakarta, which has obtained approval from the Minister of Law
and Human Rights of the Republic of Indonesia as stated in his Decree No. AHU-
12512.AH.01.02.Tahun 2009, dated 14 April 2009.
Amendments and restatements of the Bank's entire articles of association as set forth in Deed
of Meeting Resolution Statements No. 145, dated 24 August 2020, drawn up before Notary
Christina Dwi Utami S.H., M.Hum., M.Kn., Notary in the Administrative City of West Jakarta.
Notification of the amendments to the articles of association has been received and recorded
in the Legal Entity Administration System of the Ministry of Law and Human Rights of the
Republic of Indonesia, as evidenced by its letter No. AHU-AH.01.03-0383825 dated
8 September 2020, and were most recently restated as stated in the Meeting Resolution No.
218, dated 27 September 2021, made by Christina Dwi Utami S.H., M.Hum., M.Kn., a Notary
of the Municipality of West Jakarta, the notification of the amendment of the Bank’s Articles of
Association has been received and recorded in the Legal Entity Administrative System,
Ministry of Law and Human Rights of the Republic of Indonesia as stated in its decision letter
No. AHU-AH.01.03-0453543 dated 27 September 2021.
According to with Article 3 of the Bank's Articles of Association, the purpose and objective of
the Bank is to operate as a commercial bank. The Bank is engaged in banking activities and
other financial services in accordance with the prevailing regulations in Indonesia. The Bank
obtained a license to conduct business as a commercial bank under the Minister of Finance
Decision Letter No. 42855/U.M.II dated 14 March 1957. The Bank obtained its license to
engage in foreign exchange activities based on the Directors of Bank Indonesia Decision Letter
No. 9/110/Kep/Dir/UD dated 28 March 1977.
Page 16
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/2
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
1. GENERAL (continued)
a. Establishment and general information of the Bank (continued)
The Bank is domiciled in Central Jakarta with its head office located at Jalan M.H. Thamrin
No. 1. As of 31 December 2025 and 2024, the number of branches and representative offices
owned by the Bank was as follows:
2025 2024
Domestic branches*) 1,270 1,264
Overseas representative offices 1 2
1,271 1,266
*) including Cash Sub-Branches
The domestic branches are located in major business centres all over Indonesia. As of
31 December 2025, the overseas representative office is located in Singapore (as of
31 December 2024, the overseas representative were located in Hong Kong and Singapore).
The Bank’s immediate parent company is PT Dwimuria Investama Andalan, which was
incorporated in Indonesia, the owner of 54.94% of Bank’s shares as of 31 December 2025 and
2024. The ultimate shareholders of the Bank are Mr. Robert Budi Hartono and Mr. Bambang
Hartono.
b. Corporate actions
Below are the corporate actions which have been performed by the Bank:
Corporate actions Year
Initial Public Offering of 662,400,000 shares with total par value of Rp 2000
331,200 (offering price of Rp 1,400 (full amount) per share), whose
registration statement was declared effective as stated in the Letter from
the Capital Market Supervisory Agency No. S-1037/PM/2000 dated 11 May
2000*.
Changes in par value (stock split) from Rp 500 (full amount) per share split 2001
into 2 (two) shares with a nominal value of Rp 250 (full amount) per share,
and the General Meeting of Shareholders approval of a plan to increase
the paid-up capital through a management stock option plan in an amount
not exceeding Rp 73,599,650,000.
2nd Offering of 588,800,000 shares with total par value of Rp 147,200 2001
(offering price of Rp 900 (full amount) per share) in which the effective
notification of the registration statement as stated in the Letter from the
Capital Market Supervisory Agency No. S-1611/PM/2001 dated 29 June
2001*.
Changes in par value (stock split) from Rp 250 (full amount) per share split 2004
into 2 (two) Bank shares with a nominal value of Rp 125 (full amount) per
share.
Buy back shares Phase I of 45,493,000 shares (nominal Rp 125 (full 2006
amount) per share) with a total acquisition cost of Rp 190,996. The
average purchase price was Rp 4,198 (full amount) per share.
Page 17
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/3
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
1. GENERAL (continued)
b. Corporate actions (continued)
Below are the corporate actions which have been performed by the Bank: (continued)
Corporate actions Year
Changes in par value (stock split) from Rp 125 (full amount) per share split 2007
into 2 (two) Bank shares with a nominal value of Rp 62.50 (full amount)
per share.
Buy back shares Phase II of 198,781,000 shares (nominal Rp 62.5 (full 2008
amount) per share, with total acquisition cost of Rp 617,589 at the average
repurchase price was Rp 3,106.88 (full amount) per share.
Sale of treasury shares totaling 90,986,000 shares at a price of Rp 7,700 2012
(full amount) per share with total net sales of Rp 691,492. The difference
between the acquisition costs and the selling price of treasury stocks
amounted to Rp 500,496 was recorded as “additional paid-in capital from
treasury stock transactions”, which is part of additional paid-in capital
(Note 26).
Sale of treasury shares totaling 198,781,000 shares at a price of Rp 9,900 2013
(full amount) per share with total net sales of Rp 1,932,528. The difference
between the acquisition costs and the selling price of treasury stocks
amounted to Rp 1,314,939 was recorded as “additional paid-in capital from
treasury stock transactions”, which is part of additional paid-in capital
(Note 26).
Offering of Bank Central Asia Continuous Subordinated Bonds I Phase I 2018
Year 2018 at par value, which bond interest paid every 3 (three) months,
which the effective notification of the registration statement as stated in
the Letter from the Indonesia Stock Exchange No. S-03825/BEI.PP2/07-
2018 dated 3 July 2018.
Changes in par value (stock split) from shares from Rp 62.50 (full amount) 2021
split into 5 Bank’s shares with nominal value Rp 12.50 (full amount) per
share.
Buy back shares (period 26 March 2025 to 24 June 2025) of 28,317,500 2025
shares (par value of Rp 12.5 (full amount) per share) at acquisition price
of Rp 249,992 with an average purchase price of Rp 8,828.19 (full amount)
per share.
Buy back shares (period 22 October 2025 to 19 January 2026) of 2025
233,699,300 shares (par value of Rp 12.5 (full amount) per share) at
acquisition price of Rp 1,902,462 with an average purchase price of Rp
8,140.64 (full amount) per share. Thus, the total average purchase price
for the period from 26 March 2025 to 24 June 2025 and the period from
22 October 2025 to 19 January 2026 is Rp 8,214.95 (full amount) per
share.
*notes: The public offering was listed on the Jakarta Stock Exchange and the Surabaya Stock Exchange (the two
exchanges have since merged and are now called the Indonesia Stock Exchange).
Page 18
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/4
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
1. GENERAL (continued)
c. The Subsidiaries
The Subsidiaries, directly and non-directly owned by the Bank as of 31 December 2025 and
2024, were as follows:
Year of
Percentage of
starting the
ownership Total assets
Name of the commercial
Company operation Type of business Domicile 2025 2024 2025 2024
PT BCA Finance 1981 Investment financing, Jakarta 100% 100% 10,371,197 10,994,614
working capital
financing,
multipurpose
financing, operating
lease, other financing
activities based on
approval from
authorised agency
BCA Finance Limited 1975 Money lending and Hong Kong - 100% - 413,805
remittance
PT Bank BCA Syariah 1992 Sharia banking Jakarta 100% 100% 19,207,364 16,641,459
PT BCA Sekuritas 1992 Securities brokerage Jakarta 90% 90% 2,518,673 1,431,658
dealer and
underwriter for
issuance of
securities
PT Asuransi Umum 1989 General or loss Jakarta 100% 100% 3,454,384 3,355,033
BCA insurance
PT Asuransi Jiwa 2014 Life insurance Jakarta 90% 90% 4,676,146 3,339,665
BCA
PT Central Capital 2017 Venture capital Jakarta 100% 100% 468,985 496,706
Ventura
PT Bank Digital BCA 1965 Banking Jakarta 100% 100% 18,923,844 16,054,445
PT BCA Finance
PT BCA Finance entered into a merger with PT BCA Multi Finance, a company domiciled in
Jakarta. The decision on the merger is stated in Deed No. 135 made by Notary Christina Dwi
Utami S.H., M.Hum., M.Kn., a Notary of the Municipality of West Jakarta, dated 15 August
2024, and was approved by the Minister of Law and Human Rights of the Republic of Indonesia
in its Decision Letter No. AHU-AH.01.09-0246700, dated 1 September 2024. PT BCA Finance
acted as the beneficiary company.
BCA Finance Limited
As of 31 December 2025, BCA Finance Limited has discontinued its operational activities. On
3 January 2026, BCA Finance Limited was effectively liquidated, as published on the official
website of the Hong Kong Company Registry (www.e-services.cr.gov.hk). The liquidation
process was carried out by a team of liquidators appointed by PT Bank Central Asia Tbk in
Hong Kong and was carried out in accordance with the provisions of the laws and regulations
in force in Hong Kong.
Page 19
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/5
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
1. GENERAL (continued)
d. Board of Commissioners and Board of Directors
The compositions of the Bank’s management were as follows:
2025 2024
Board of Commissioners
President Commissioner : Jahja Setiaatmadja Djohan Emir Setijoso
Commissioner : Tonny Kusnadi Tonny Kusnadi
Independent Commissioner : Cyrillus Harinowo Cyrillus Harinowo
Independent Commissioner : Raden Pardede Raden Pardede
Independent Commissioner : Sumantri Slamet Sumantri Slamet
Board of Directors
President Director : Gregory Hendra Lembong Jahja Setiaatmadja
Deputy President Director : Armand Wahyudi Hartono Armand Wahyudi Hartono
Deputy President Director : John Kosasih Gregory Hendra Lembong
Director : Tan Ho Hien / Subur Tan Tan Ho Hien/Subur Tan
Director : Rudy Susanto Rudy Susanto
Director (concurrently serving
as Director in charge of the
Compliance Function) : Lianawaty Suwono Lianawaty Suwono
Director : Santoso Santoso
Director : Vera Eve Lim Vera Eve Lim
Director : Haryanto Tiara Budiman Haryanto Tiara Budiman
Director : Frengky Chandra Kusuma Frengky Chandra Kusuma
Director : Antonius Widodo Mulyono John Kosasih
Director : Hendra Tanumihardja Antonius Widodo Mulyono
e. Audit Committee
The Bank’s Audit Committee as of 31 December 2025 and 2024 were as follows:
Chairman : Sumantri Slamet
Member : Rallyati A. Wibowo
Member : Fanny Sagitadewi
f. Internal Audit Division and Corporate Secretary
The Head of the Bank’s Internal Audit Division as of 31 December 2025 and 2024 was Leo
Ariston.
The Corporate Secretary of the Bank as of 31 December 2025 and 2024 was I Ketut Alam
Wangsawijaya and Raymon Yonarto.
g. Number of employees
As of 31 December 2025 and 2024, the Bank and Subsidiaries had 27,937 and 27,844
permanent employees.
Key management personnel of the Bank consists of members of Board of Commissioners and
Board of Directors.
Page 20
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/6
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
1. GENERAL (continued)
h. Completion of the consolidated financial statements
The Bank’s Management is responsible for the preparation of these consolidated financial
statements, which were authorised for issuance on 26 January 2026.
2. MATERIAL ACCOUNTING POLICY INFORMATION
The material accounting policies applied by the Bank and its Subsidiaries (the “Group”) in
the preparation of its consolidated financial statements are consistent with those of
the consolidated financial statements for the year ended 31 December 2025 as follows:
a. Statement of compliance
The consolidated financial statements of the Group have been prepared and presented in
accordance with Indonesian Financial Accounting Standards which comprise of Statements of
Financial Accounting Standards (“SFAS”) and Interpretation of Financial Accounting
Standards (“IFAS”) issued by the Financial Accounting Standard Board of Indonesia Institute
of Accountant and Bapepam-LK Regulation No. KEP-347/BL/2012 dated 25 June 2012,
Regulation No. VIII.G.7 regarding “Presentation and Disclosure of Financial Statements for
Issuers or Public Companies”.
Items related to sharia transactions are presented in accordance with Sharia Financial
Accounting Standards issued by Indonesian Institute of Accountants.
b. Basis for preparation of the consolidated financial statements
These consolidated financial statements are presented in Rupiah, which is the Bank’s
functional currency. Except as otherwise stated, the financial information presented has been
rounded to the nearest million of Rupiah.
The consolidated financial statements prepared under the historical cost concept, except for
fixed assets - land, financial assets at fair value through other comprehensive income, and
financial assets and liabilities (including derivative instruments) at fair value through profit or
loss, which are measured at fair value.
The consolidated financial statements have been prepared based on the accrual basis,
except for the consolidated statements of cash flows.
The consolidated statements of cash flows present the changes in cash and cash equivalents
from operating, investing and financing activities, and are prepared using the direct method.
For the purpose of the presentation of the consolidated statements of cash flows, cash and
cash equivalents consist of cash, current accounts with Bank Indonesia, current accounts with
other banks, placements with Bank Indonesia and other banks mature within 3 (three) months
or less from the date of acquisition, as long as they are not being pledged as collateral for
borrowings nor restricted.
Page 21
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/7
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
c. Use of judgments, estimations and assumptions
The preparation of consolidated financial statements in conformity with Indonesian Financial
Accounting Standards (“SFAS”) requires management to make judgments, estimates and
assumptions that affect the application of accounting policies and the reported amounts of
assets, liabilities, income and expenses. Although these estimates are based on
management’s best knowledge of current events and activities, actual results may differ from
prior estimates.
Estimations and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate are revised and in any
future periods affected.
In order to provide better understanding of the financial performance of the Group, due to the
significance of their nature and amount, several items of income or expenses have been
presented separately.
Information about significant areas of estimation uncertainty and critical judgments in applying
accounting policies that have significant effect on the amount recognised in the consolidated
financial statements are described in Note 3.
d. Changes in accounting policies
Financial Accounting Standard Board of Indonesian Institute of Accountant (“DSAK-IAI”) has
issued the following amendments and interpretations which were effective on or after 1
January 2025 as follows:
- SFAS 117 "Insurance Contract";
- Amendments of SFAS 117 “Insurance Contracts on Initial Application of SFAS 117 and SFAS
109 - Comparative Information” ; and
- Amendments of SFAS 221 “The Effect of Changes in Foreign Exchange Rates”.
SFAS 117 and SFAS 109
The Subsidiaries has adopted SFAS 117 concerning “Insurance Contract” together with SFAS 109
concerning “Financial Instruments” effective this current year.
Since the adoption of these standards had no material effect on the amount reported for the
current or prior financial years, Management decided to recognise the impact of this
implementation to the consolidated financial statements for the current year.
ACCOUNTING STANDARD ISSUED BUT NOT YET EFFECTIVE
Financial Accounting Standard Board of Indonesian Institute of Accountants (DSAK-IAI) has
issued the following new standards, amendments and interpretations, but not yet effective for
the financial year beginning 1 January 2025 as follows:
- Amendments of SFAS 109 "Financial Instrument" related to the derecognition of financial
liabilities, as well as clarification of the assessment of cash flow characteristics for financial
assets with ESG-linked features, financial assets with non-recourse features, and contractually
bound instruments such as tranches; and
Page 22
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/8
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
d. Changes in accounting policies (continued)
ACCOUNTING STANDARD ISSUED BUT NOT YET EFFECTIVE (continued)
Financial Accounting Standard Board of Indonesian Institute of Accountants (DSAK-IAI) has
issued the following new standards, amendments and interpretations, but not yet effective for
the financial year beginning 1 January 2025 as follows: (continued)
- Amendments of SFAS 107 "Financial Instrument: Disclosure” related to disclosure
requirements for investments in equity instruments measured at fair value through other
comprehensive income and the addition of provisions relating to financial instruments with
contractual terms that change the timing or amount of contractual cash flows.
The above standards will be effective on 1 January 2026.
- SFAS 118 "Presentation and Disclosure in Financial Statements".
The above standard will be effective on 1 January 2027.
As at the authorisation date of these consolidated financial statements, the Group is still evaluating
the potential impact from the implementation of these new standards and the effect on the Group’s
consolidated financial statements.
e. Basis of consolidation
The consolidated financial statements include the financial statements of the Bank and its
Subsidiaries.
Subsidiaries are all entities over which the Group has control. The Group controls an entity
when the Group is exposed to, or has rights to, variable returns from its involvement with the
entity and has the ability to affect those returns through its power over the entity. Subsidiaries
are fully consolidated from the date on which control is transferred to the Group. They are de-
consolidated from the date on which that control ceases.
The Group applies the acquisition method to account for business combinations.
The consideration transferred for the acquisition of a Subsidiary is the fair value of the assets
transferred, the liabilities incurred to the former owners of the acquiree including assets or
liabilities arising from contingent consideration arrangements and the equity interests issued
by the Group. Identifiable assets acquired and liabilities and contingent liabilities assumed in
a business combination was measured initially at their fair values at the acquisition date. The
Group recognises any non-controlling interest in the acquiree on a acquisition-by-acquisition
basis, either at fair value or at the non-controlling interest’s proportionate share of the
acquiree’s net assets. Acquisition-related costs are expensed as incurred.
Group recorded goodwill as the excess of the consideration transferred with amount of any
non-controlling interest, and acquisition-date fair value over the fair value of the identifiable net
assets. If those amounts are less than the fair value of the net identifiable assets of the
business acquired, the difference is recognised directly in profit or loss as a bargain purchase.
Page 23
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/9
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
e. Basis of consolidation (continued)
Any contingent consideration to be transferred by the Group is recognised at fair value at the
acquisition date. Subsequent changes to the fair value of the contingent consideration that is
deemed to be an asset or liability is recognised in accordance with SFAS 109 “Financial
lnstrument: Recognition and Measurement” in the consolidated statements of profit or loss and
other comprehensive income. Contingent consideration that is classified as equity that is not
remeasured, and its subsequent settlement is accounted for within equity.
Non-controlling interests are presented in equity in the consolidated statements of financial
position, separated from equity, which can be attributed to the owner, and expressed as the
proportion of non-controlling shareholders for current year earnings and equity that can be
attributed to non-controlling interests based on ownership percentage of non-controlling
shareholders in the Subsidiary.
If the Group losses control of a Subsidiary, the Group:
● Derecognises the assets and liabilities of the former Subsidiary from the consolidated
statements of financial position;
● Recognises any investment retained in the former Subsidiary at fair value on the date
when control is lost and subsequently accounts for it and for any amounts owed by or to
the former Subsidiary in accordance with the relevant financial accounting standard; and
● Recognises the gain or loss associated with the loss of control attributable to the former
controlling interest.
Changes affected the Bank’s ownership interest and equity of Subsidiary that do not result in
the loss of control are accounted for as equity transactions and presented as other equity
components within equity in the consolidated statements of financial position.
Business combination of entities under common control transactions, such as transfer of
business in relation to reorganisation of entities within the same business group, is not a
change of ownership in terms of economic substance, therefore such transaction cannot
generate any gains or losses for the Group as a whole as well as the individual entity within
the business group.
Business combination of entities under common control transactions, according to
SFAS 338, “Accounting for Restructuring Under Common Control Entities”, is recognised at
its carrying amount based on pooling-of-interest method.
All material intercompany transactions in the Group, balances, gains and losses are
eliminated.
f. Translation of transactions in foreign currencies
Items included in the consolidated financial statements of the Group are measured using the
currency of the primary economic environment in which the entity operates (the "functional
currency").
The Group domiciled in Indonesia maintained its accounting record in Rupiah, which is the
functional and presentation currency of the Group. Transactions denominated in foreign
currencies are translated into Rupiah at the exchange rates prevailing at the date of the
transaction. At the reporting date, year-end balances of monetary assets and liabilities
denominated in foreign currencies are translated into Rupiah at the closing rates prevailing at
the date of consolidated statements of financial position.
Page 24
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/10
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
f. Translation of transactions in foreign currencies (continued)
For consolidation purposes, foreign currency financial statements of the Bank's overseas
Subsidiary are translated into Rupiah based on the following basis:
(1) Assets and liabilities, commitments and contingencies are translated using the Reuters
spot rates at 15:00 WIB at the statement of financial position date.
(2) Income, expenses, gains, and losses represent the accumulated amount from monthly
profit or loss balance during the year, are translated into Rupiah using the average Reuters
middle rate for the respective month.
(3) Equity accounts are translated using historical rates.
(4) Statements of cash flows is translated using the Reuters spot rate at 15:00 WIB at the
statement of financial position date, except for profit or loss accounts which are translated
using the average middle rates and equity accounts which are translated using historical
rates.
Differences arising from the above translation are presented as "foreign exchange differences
arising from translation of financial statements in foreign currency" under the equity section of
the consolidated statements of financial position.
Exchange gains or losses arising from transactions in foreign currencies and from the
translation of monetary assets and liabilities in foreign currencies are recognised in the current
year consolidated statements of profit or loss.
Summarised below are the major exchange rates as of 31 December 2025 and 2024, using
Reuters middle rate at 15:00 WIB (full amount of Rupiah):
Foreign currencies 2025 2024
United States Dollar (USD) 16,675.0 16,095.0
Australian Dollar (AUD) 11,152.2 10,013.5
Singapore Dollar (SGD) 12,965.1 11,844.6
Hong Kong Dollar (HKD) 2,142.3 2,073.1
Chinese Yuan (CNH) 2,385.0 2,198.5
Great Britain Poundsterling (GBP) 22,439.6 20,218.5
Japanese Yen (JPY) 106.5 103.0
Euro (EUR) 19,571.5 16,758.1
g. Financial assets and liabilities
g.1. Financial assets
In accordance with SFAS 109, the Group classifies its financial assets in the following
categories: (a) financial assets measured at amortised cost, (b) financial assets at fair
value through other comprehensive income, and (c) financial assets at fair value through
profit or loss.
The Group uses 2 (two) basis to classify its financial assets which are group business
model in managing financial assets and contractual cash flow characteristics Solely
Payment of Principal and Interest (“SPPI”) from its financial assets.
Business model assessment
The Group determines its business model based on the level of most reflects how groups
of financial assets are managed to achieve business objective.
Page 25
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/11
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
g. Financial assets and liabilities (continued)
g.1. Financial assets (continued)
Business model assessment (continued)
The Group business model are not assessed based on each of its instrument, but at
portfolio level in higher aggregate and based on the following factors:
• How the performance of the business model and the financial assets held within that
business model are evaluated and reported to key management personnel;
• The risks that affect the performance of the business model (and the financial assets
held within that business model) and, in particular, the way those risks are managed;
• How managers of the business are compensated (for example, whether the
compensation is based on the fair value of the assets managed or on the contractual
cash flows collected);
• Frequency, amount, and expected selling time, are also important aspects from
Group assessment.
Business model assessment is based on a reasonably expected scenario without
considering "worst case" or "stress case" scenario. If the subsequent cash flows are
realised in a different manner than originally expected, the Group does not change the
remaining classification of financial assets held in the business model, but incorporating
those information in assessing new financial assets or purchasing financial assets
subsequently.
SPPI Testing
As the first step of the classification process, the Group assesses the financial
contractual requirements to identify whether they meet the SPPI testing.
The principal payment for this testing purposes is defined as the fair value of the financial
assets at initial recognition and may change over the lifetime of the financial assets (for
example, if there are payments of principal or amortisation of premiums/discounts).
The most significant element of interest in a credit agreement is usually a consideration
of the time value of money and credit risk. In exercising the assessment of SPPI, the
Group applies consideration and pays attention into relevant factors such as the currency
in which financial assets are denominated and the period when interest rates are
determined.
Alternatively, contractual terms that provide more than de minimis exposure to risk or
volatility in contractual cash flows that are not related to the basis of the loan
arrangement, do not generate SPPI's contractual cash flows on the total balance. In such
cases, the financial assets are required to be measured at fair value.
Financial assets measured at amortised cost
A financial asset is measured at amortised cost only if it meets both of the following
conditions:
• The financial assets are held within a business model whose objective is to hold the
asset to collect contractual cash flows; and
• Its contractual terms give rise on specified dates to cash flows that are solely payments
of principal and interest on the principal amount outstanding.
Page 26
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/12
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
g. Financial assets and liabilities (continued)
g.1. Financial assets (continued)
Financial assets measured at amortised cost (continued)
A financial asset is initially measured at amortised cost at fair value plus transaction costs
and subsequently measured at amortised cost using effective interest rate less allowance
for impairment losses.
Interest income on financial assets measured at amortised cost is included in the
consolidated statements of profit or loss and other comprehensive income recognised as
“interest income”. When impairment occurs, the impairment loss is recognised as a
deduction from the carrying amount of the investment and recognised in the consolidated
financial statements as “allowance for impairment losses on financial assets”.
Financial assets measured at fair value through other comprehensive income
A financial asset is measured at fair value through other comprehensive income only if it
meets both of the following conditions:
• The financial assets are held within a business model whose objective is to hold the
asset to collect contractual cash flows and to sell financial asset; and
• Its contractual terms give rise on specified dates to cash flows that are solely payments
of principal and interest on the principal amount outstanding.
At initial recognition, a financial asset measured at fair value through other
comprehensive income recognised at fair value plus the transaction costs and are
subsequently remeasured at its fair values when such gains or losses recognised in
other comprehensive income except for recognition of impairment and foreign exchange
gains and losses, until derecognition of financial asset. If financial asset measured at
fair value through other comprehensive income is impaired, the cumulative gains or
losses previously recognised at other comprehensive gains (losses), would be
recognised at profit or loss. Interest income is calculated by applying the effective
interest rate and gains or losses arising from foreign exchange from monetary assets
which classified as at fair value through other comprehensive income recognised in the
consolidated statements of profit or loss and other comprehensive income.
Group measures all equity investments at fair value. Where the Group has elected to
present fair value gains and losses on equity investments in other comprehensive income,
there is no subsequent reclassification of fair value gains and losses to profit or loss
following the derecognition of the investment.
Financial assets measured at fair value through profit or loss
All financial assets not classified as measured at amortised cost or at fair value through
other comprehensive income as described above are measured at fair value through profit
or loss.
Page 27
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/13
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
g. Financial assets and liabilities (continued)
g.1. Financial assets (continued)
Financial assets measured at fair value through profit or loss (continued)
Financial instruments grouped into this category are recognised at their fair value at initial
recognition; transaction costs are recognised directly in the consolidated statements of profit
or loss and other comprehensive income. Gains and losses arising from changes in fair
value and sale of financial instruments are recognised in the consolidated statements of
profit or loss and and other comprehensive income recorded as respectively “Gains (losses)
from changes in fair value of financial instruments” and “Gains (losses) from the sale of
financial instruments”. Interest income from financial instruments measured at fair value
through profit or loss is recorded as interest income as part of net income from transaction
measured at fair value through profit or loss.
Modification of financial assets
The Group sometimes renegotiates or otherwise modifies the contractual cash flows of
loans. When this happens, the Group assesses whether the new terms are substantially
different to the original terms. The Group does this by considering, among others, the
following factors:
• If the borrower is in financial difficulty whether the modification merely reduces the
contractual cash flows to amounts the borrower is expected to be able to pay;
• Significant extension of the loan term when the borrower is not in financial difficulty;
• Significant change in the interest rate; and
• Change in the loan’s currency.
If the terms are substantially different, the Group derecognises the original financial
asset and recognises a ‘new’ asset at fair value and recalculates a new effective interest
rate for the asset. The date of renegotiation is consequently considered to be the date
of initial recognition for impairment calculation purposes, including for the purpose of
determining whether a significant increase in credit risk has occurred. However, the
Group also assesses whether the new financial asset recognised is deemed to be credit-
impaired at initial recognition, especially in circumstances where the renegotiation was
driven by the debtor being unable to make the originally agreed payments. Differences
in the carrying amount are also recognised in profit or loss as a gain or loss on
derecognition.
If the terms are not substantially different, the renegotiation or modification does not
result in derecognition, and the Group recalculates the gross carrying amount based on
the revised cash flows of the financial asset and recognises a modification gain or loss
in consolidated statements of profit or loss and other comprehensive income. The new
gross carrying amount is recalculated by discounting the modified cash flows at the
original effective interest rate.
Reclassification of financial assets
The Group can reclassify its all of its financial assets when and only, its business model for
managing those financial assets changes.
The characteristic of business model changes must significantly impact to the Group
operational activities such as collecting, disposing or terminating a business line. In
addition, the Group has to prove the changes to external parties.
The Group will reclassify all financial assets impacted by business model changes.
Changes of the objective of the Group’s business model must be impacted before
reclassification date.
Page 28
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/14
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
g. Financial assets and liabilities (continued)
g.2. Financial liabilities
The Group classifies its financial liabilities in the category of (a) financial liabilities at fair
value through profit or loss and (b) financial liabilities measured at amortised cost.
(a) Financial liabilities measured at fair value through profit or loss
Financial liabilities are classified as financial liabilities at fair value through profit
or loss if they are acquired or incurred principally for the purpose of selling or
repurchasing in the near term or if they are part of a portfolio of identified financial
instruments that are managed together and there is evidence of a pattern of short-
term profit-taking. Derivatives are classified as financial liabilities instruments at
fair value through profit or loss unless designated and effective as hedging
instruments.
Gains and losses arising from changes in the fair value of financial liabilities
classified as financial liabilities at fair value through profit or loss are recorded in
the consolidated statements of profit or loss and other comprehensive income as
“Gains (losses) from changes in fair value of financial instruments”. Interest
expense on financial liabilities classified as financial liabilities at fair value through
profit or loss is recorded as “Interest expense” as part of net income from
transaction measured at fair value through profit or loss.
(b) Financial liabilities measured at amortised cost
Financial liabilities that are not classified as at fair value through profit and loss fall
into this category and are measured as amortised cost.
Financial liabilities at amortised cost are initially recognised at fair value plus
transaction costs (if any).
After initial recognition, the Group measures all financial liabilities at amortised
cost using effective interest rate method.
g.3. Recognition and derecognition
Regular way purchases and sales of financial assets are recognised on the trade date,
being the date on which the Group commits to purchase or sell the asset. Financial
assets are derecognised when the rights to receive cash flows from the financial assets
have expired or have been transferred and the Group has transferred substantially all
the risks and rewards of ownership.
g.4. Determination of fair value
Fair value is the price that would be received to sell an asset or paid to transfer a liability
in an orderly transaction between market participants at the measurement date in the
principal market or, in its absence, the most advantageous market to which the Group
has access at that date. The fair value of a liability reflects its non-performance risk.
When available, the Group measures the fair value of a financial instrument using the
quoted price in an active market for that instrument.
A financial instrument is regarded as quoted in an active market if quoted prices are
periodically and regularly available from an exchange, dealer, broker, industry group,
pricing service or regulatory agency, and those prices represent actual and regularly
occurring market transactions on an arm’s length basis. If the above criteria are not met,
the active market is regarded as being unavailable. Indications that a market is inactive
are when there is a wide bid-offer spread or significant increase in the bid-offer spread
or there are few recent transactions.
Page 29
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/15
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
g. Financial assets and liabilities (continued)
g.4. Determination of fair value (continued)
For financial instruments with no quoted market price, a reasonable estimate of the fair
value is determined by referencing to the current market value of another instrument
which substantially have the same characteristic or calculated based on the expected
cash flows of the underlying net asset base of the marketable securities.
For all other financial instruments, fair value is determined using valuation techniques.
In these techniques, fair values are estimated from observable data in respect of similar
financial instruments, using models to estimate the present value of expected future
cash flows or other valuation techniques, using inputs existing at the dates of the
consolidated statements of financial position.
g.5. Classification of financial assets and liabilities
The Group classifies the financial assets and liabilities into classes that reflects
the nature of information and take into account the characteristic of those financial
instruments. The classification can be seen in the table below.
Category of financial assets and Classes (as determined by the Subclasses
liabilities Group)
Financial assets Securities
measured at fair Financial assets measured at fair Placement with other banks
value through profit value through profit or loss
Derivative assets
or loss (“FVPL”)
Cash
Current accounts with Bank Indonesia
Current accounts with other banks
Placements with Bank Indonesia and other banks
Acceptance receivables
Bills receivable
Securities purchased under agreements to resell
Loans receivable
Consumer financing receivables
Finance lease receivables
Financial assets Assets related to sharia transactions - murabahah receivables
measured at Investment securities
amortised cost Accrued interest income
Financial Receivables related to
assets ATM and credit card
Unaccepted bills receivables
Receivables from
Other assets customer transactions
Insurance Contract Assets
Term deposits of foreign
exchange from export
proceeds
Others
Financial assets
Placements with Bank Indonesia
measured at fair Certificates of deposits
and other banks
value through other
comprehensive
income (“FVOCI”)
Investment securities
Page 30
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/16
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
g. Financial assets and liabilities (continued)
g.5. Classification of financial assets and liabilities (continued)
The Group classifies the financial assets and liabilities into classes that reflects
the nature of information and take into account the characteristic of those financial
instruments. The classification can be seen in the table below. (continued)
Category of financial assets and Classes (as determined by the Subclasses
liabilities Group)
Financial liabilities
measured at fair
Financial liabilities measured at
value through profit Derivative liabilities
fair value through profit or loss
or loss (“FVPL”)
Deposits from customers
Sharia deposits
Deposits from other banks
Acceptance payables
Securities sold under agreements to repurchase
Debt securities issued
Borrowings
Commitments and contingencies transactions
Financial Other liabilities:
liabilities - Accrued interest
Financial liabilities expenses
measured at - Liabilities related to ATM
amortised cost and credit card
transactions
Accruals and other - Liabilities from customer
liabilities transactions
- Insurance contract
liabilities
- Finance lease liabilities
- Term deposits of foreign
exchange from export
proceeds
Subordinated bonds
Unused credit facilities
Commitment and
Irrevocable letters of credit
contingencies
Bank guarantee issued
g.6. Offsetting financial instruments
Financial assets and liabilities are offset and the net amount reported in the consolidated
statements of financial position when there is a legally enforceable right of set-off and
there is an intention to settle on a net basis, or realise the asset and settle the liability
simultaneously. In certain situations, even though the offset on the main agreements
exist, the lack of management intention to settle on a net basis results in the financial
assets and liabilities being reported gross on the consolidated statements of financial
position.
g.7. Financial guarantee contracts and other commitment receivables
Financial guarantee contracts are contracts that require the issuer to make specified
payments to reimburse the holder for a loss incurred because a specified debtor
defaulted to make payments when due, in accordance with the terms of a debt
instrument. Such financial guarantees are given to banks, financial institutions and other
institutions on behalf of customers to secure loans and other banking facilities, and
unused provision of funds facilities.
Page 31
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/17
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
g. Financial assets and liabilities (continued)
g.7. Financial guarantee contracts and other commitment receivables (continued)
Financial guarantees are initially recognised in the consolidated financial statements at
fair value on the date the guarantee was given. The fair value of a financial guarantee
at inception is likely to equal the premium received because all guarantees are agreed
on arm’s length terms and the initial fair value is amortised over the life of the financial
guarantees.
Subsequently, they are measured at the higher of amortised amount and expected credit
losses amount based on SFAS 109.
g.8. Allowance for impairment losses of financial assets
The group assesses on a forward-looking basis the expected credit loss (“ECL”)
associated with its financial asset instruments carried at amortised cost and fair value
at other comprehensive income. The impairment methodology applied depends on
whether there has been a significant increase in credit risk to financial asset measured
at amortised cost and at fair value through other comprehensive income (“FVOCI”). If
at the reporting date, credit risk on financial asset has not increased significantly since
initial recognition, the Group shall measure the allowance for losses for that financial
asset at the amount of 12 (twelve) months expected credit losses. If the credit risk on
that financial asset has increased significantly since initial recognition, the Group shall
measure the allowance for losses at the amount of expected credit losses over its
lifetime.
12-month ECL and Lifetime ECL
12-month ECL is the portion of ECL that result from default events that are possible within
the 12 months after reporting date (or the shorter period if expected life of financial asset
is less than 12 months). 12-month ECL is weighted by probability of default.
Lifetime ECL is the ECL that result from all possible default events over the expected life
of financial asset.
Staging Criteria
Financial asset must be allocated to one of three stages of impairment (stage 1, stage 2,
stage 3) by determining whether there is a significant increase in credit risk on the
financial asset since initial recognition or whether the facility has defaulted on each
reporting date.
Stage 1: include financial assets that do not have a significant increase in credit risk
since initial recognition or have a low credit risk at the reporting date. For these assets,
a 12-month ECL will be calculated.
Stage 2: includes financial assets that experience a significant increase in credit risk at
the reporting date, but do not have objective evidence of impairment. For these assets,
lifetime ECL will be calculated. Lifetime ECL are the ECL that results from all possible
default events over the expected life of financial asset.
Stage 3: includes financial assets that have an objective evidence of impairment at the
reporting date. For these assets consist of default debtors.
Page 32
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/18
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
g. Financial assets and liabilities (continued)
g.8. Allowance for impairment losses of financial assets (continued)
Staging Criteria (continued)
The main factor in determining whether the financial assets need 12-month ECL
(stage 1) or lifetime ECL (stage 2) is Significant Increase on Credit Risk (“SICR”)
criteria. Determinations of SICR criteria needs review whether significant increase in
credit risk occurred at each reporting date.
SFAS 109 requires supportable information about past events, current condition and
forecasts of future economic conditions. Estimated movement on expected credit losses
have to be reflected and directly consistent with changes in observed related data over
the period. This ECL calculation needs forward-looking estimation from Probability of
Default (“PD”), Loss Given Default (“LGD”) and Exposure At Default (“EAD”).
For loan commitments and financial guarantee contracts, the date when the Group
become a party in an irrevocable commitment is the date of initial recognition for
implementation of impairment purposes.
Probability of Default (“PD”)
The probability at a point in time that a counterparty will default, calibrated over up to
12 months from the reporting date (Stage 1) or over the lifetime of the product (Stage 2
and 3) and incorporating the impact of forward-looking economic assumptions that have
an effect on credit risk. PD is estimated at a point in time that means it will fluctuate in
line with the economic cycle.
Loss Given Default (“LGD”)
The loss that is expected to arise on default, incorporating the impact of relevant
forward-looking economic assumptions (if any), which represents the difference
between the contractual cash flows due and those that the Group expects to receive.
The Group estimates LGD based on the historical recovery rates and taking into account
forward-looking economic assumptions if relevant.
Exposure at Default (“EAD”)
The expected loss of balance sheet exposure at the time of default, taking into account
that expected change in exposure over the lifetime of the exposure. This incorporates
the impact of repayments of principal and interest, amortisation and prepayments,
together with the impact of forward-looking economic assumptions where relevant.
h. Allowance for impairment losses on non-financial assets
Assets that have an indefinite useful life - for example, goodwill or intangible assets not ready
for use - are not subject to amortisation but tested annually for impairment, or more frequently
if events or changes in circumstances indicate that they might be impaired. Assets that are
subject to amortisation are reviewed for impairment whenever events or changes in
circumstances indicate that the carrying amount may not be recoverable. An impairment loss
is recognised for the amount by which the asset’s carrying amount exceeds its recoverable
amount. The recoverable amount is the higher of an asset’s fair value less costs to sell and
value in use. For the purposes of assessing impairment, assets are grouped at the lowest
levels for which there are separately identifiable cash inflows, which are largely independent
of the cash inflows from other assets or group of assets (cash generating units). Non-financial
assets other than goodwill that suffer impairment are reviewed for possible reversal of the
impairment at each reporting date.
Page 33
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/19
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
h. Allowance for impairment losses on non-financial assets (continued)
Reversal on impairment loss for assets other than goodwill would be recognised if, and only if,
there has been a change in the estimates used to determine the asset’s recoverable amount
since the last impairment test was carried out. Reversal on impairment losses will be
immediately recognised on profit or loss, except for assets measured using the revaluation
model as required by other SFAS. Impairment losses relating to goodwill would not be
reversed.
i. Current accounts with Bank Indonesia and other banks
Current accounts with Bank Indonesia and other banks are stated at face value or the gross
value of the outstanding balance, less allowance for impairment losses, where appropriate.
Current accounts with Bank Indonesia and other banks are classified as financial assets
measured at amortised cost. Refer to Note 2g for accounting policy for financial assets
measured at amortised cost.
j. Placements with Bank Indonesia and other banks
Placements with Bank Indonesia and other banks are classified as financial assets measured
at amortised cost and measured at fair value through other comprehensive income. Refer to
Note 2g for accounting policy for financial assets measured at amortised cost and measured
at fair value through other comprehensive income.
k. Financial assets and liabilities at fair value through profit or loss
Refer to Note 2g for the accounting policy of financial assets and liabilities at fair value through
profit or loss.
Derivative financial instruments
Derivative instruments are initially recognised at fair value on the date of which a derivative
contract is entered into and are subsequently measured at their fair values. Fair values are
obtained from quoted market prices in active markets, including recent market transactions
and valuation techniques, including discounted cash flow and options pricing models, as
appropriate. All derivatives are carried as assets when fair value is positive and as liabilities
when fair value is negative.
Investment in sukuk measured at fair value through profit or loss
The Group initially recognises the investment in sukuk measured at fair value through profit or
loss at fair value. The changes on fair value are recognised in the consolidated statements
profit or loss.
The fair value of investment is determined by referencing to the following order:
• quoted price (without adjustments) in active market; or
• input other than quoted price in the observable active market.
Investment in sukuk measured at fair value through profit or loss is presented in the
consolidated statements of financial position as part of financial assets at fair value through
profit or loss.
l. Acceptance receivables and payables
Acceptance receivables are classified as financial assets measured at amortised cost, while
acceptance payables are classified as financial liabilities measured at amortised cost. Refer
to Note 2g for the accounting policy of financial assets measured at amortised cost and
financial liabilities measured at amortised cost.
Page 34
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/20
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
m. Loan receivables
Loan receivables are classified as financial assets measured at amortised cost. Refer to Note
2g for the accounting policy of financial assets measured at amortised cost.
Syndicated, joint financing, and channelling loans are stated at amortised cost in accordance
with the portion of risks borne by the Group.
The Group records restructure of troubled debt in accordance with the restructured type. In
troubled debt restructuring which involves a modification of terms, reduction of portion of loan
principal and/or combination of both, the Group records the effect of the restructuring by
referring to Note 2g for the accounting policy of modification of financial assets.
n. Securities purchased under agreements to resell and securities sold under agreements
to repurchase
Securities purchased under agreements to resell (reverse repo) are presented as asset in the
consolidated financial statements at the agreed resell price less the difference between the
purchase price and the agreed resale price. The difference between the purchase price and
the agreed resale price is amortised using the effective interest method as interest income over
the period commencing from the acquisition date to the resell date. Securities purchased under
agreements to resell (reverse repo) are classified as financial asset measured at amortised
cost. Refer to Note 2g for the accounting policy of financial assets measured at amortised cost.
Securities sold under agreements to repurchase (repo) are presented as liabilities and stated
at the agreed repurchase price less the unamortised interest expense. Unamortised interest
expense is the difference between selling price and agreed repurchase price and is recognised
as interest expense during the period from the securities are sold until the securities are
repurchased. Securities sold are still recorded as assets in the consolidated statements of
financial position because the securities ownership remains substantially with the Group as a
seller. Securities sold under agreements to repurchase (repo) are classified as financial
liabilities measured at amortised cost. Refer to Note 2g for the accounting policy of financial
liabilities measured at amortised cost.
o. Consumer financing receivables
Consumer financing receivables are stated at net of joint financing, unearned consumer
financing income and allowance for impairment losses. Consumer financing receivables are
classified as financial assets measured at amortised cost. Refer to Note 2g for the accounting
policy of financial assets measured at amortised cost.
Unearned consumer financing income represents the difference between total instalments to
be received from the consumer and the principal amount financed, plus or deducted with the
unamortised transaction cost (income), which will be recognised as income over the term of
the contract using effective interest rate method of the related consumer financing receivables.
Unamortised transaction cost (income) are financing administration income and transaction
expense which are incurred at the first time and directly attributable to consumer financing.
Early termination of a contract is treated as a cancellation of an existing contract and the
resulting gain is recognised in the current year consolidated statements of profit or loss.
Consumer financing receivables will be written-off when they are overdue for more than 150
(one hundred fifty) days and based on management review of individual case. Recoveries from
receivables which had been written off in the current period are recorded by adjusting the
allowance account, while recovery of receivables previously written-off are recognised as other
income.
Page 35
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/21
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
o. Consumer financing receivables (continued)
Joint financing
All joint financing agreements entered by the Subsidiary are joint financing without recourse in
which only the Subsidiary’s financing portion of the total instalments are recorded as consumer
financing receivables in the consolidated statements of financial position (net approach).
Consumer financing income is presented in the consolidated statements of profit or loss and
other comprehensive income after deducting the portions belong to other parties participated
to these joint financing transactions.
Receivables from collateral vehicles repossed
Receivables from collateral vehicles repossed represent receivables derived from motor
vehicle collaterals owned by customers for settlement of their consumer financing receivables,
which is presented as part of other assets.
In case of default, the customer gives the right to the Group to sell the motor vehicle collaterals
or take any other actions to settle the outstanding receivables.
Consumers are entitled to the positive differences between the proceeds from sales of
foreclosed collaterals and the outstanding consumer financing receivables. If the differences
are negative, the resulting losses are charged to the current year consolidated statements of
profit or loss and other comprehensive income.
Expenses in relation with the acquisition and maintenance of receivables from collateral
vehicles repossed are charged to the current year consolidated statements of profit or loss and
other comprehensive income when incurred.
p. Finance lease receivables
The determination of whether an arrangement is, or contains a lease is based on the substance
of the arrangement at inception date and whether the fulfilment of the arrangement is
dependent on the use of a specific asset and the arrangement conveys a right to use the asset.
Leases are classified as finance leases if such leases transfer substantially all the risks and
rewards related to the ownership of the lease assets. Leases are classified as operating leases
if the leases do not transfer substantially all the risks and rewards related to the ownership of
the leased assets.
Assets held under finance lease receivables are recognised in the consolidated statements of
financial position at an amount equal to the net investment in the leases. Receipts from lease
receivables are treated as repayments of principal and financing lease income.
The recognition of financing lease income is based on a pattern reflecting constant periodic
rate of return on the Group’s net investment as lessor in the finance leases.
Finance lease receivables will be written-off when they are overdue for more than 150 (one
hundred fifty) days and based on management review of individual case. Recoveries from
receivables which had been written of in the current period are recorded by adjusting the
allowance account, while recovery of receivables previously written-off are recognised as other
income.
q. Assets related to sharia transactions
Assets related to sharia transactions is financing activities carried out by PT Bank BCA
Syariah, a Subsidiary, in the form of murabahah receivables, funds of qardh, mudharabah
financing, musyarakah financing and assets acquired for ijarah.
Page 36
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/22
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
q. Assets related to sharia transactions (continued)
Brief explanation for each type of sharia financing is as follows:
Murabahah is a financing agreement to sell or purchase of goods, in which the selling price
equals to the cost of goods plus a pre-agreed profit margin and the seller should disclose its
cost to the buyer. Murabahah receivables is stated at balance of receivables less deferred
margin and allowance for impairment losses.
Ijarah is a lease agreement for goods and/or services, including the right to use, between the
owner of a leased object (lessor) and lessee, to generate income from the leased object. Ijarah
muntahiyah bittamlik is a lease agreement between lessor and lessee to obtain income from
the leased object with an option to transfer the ownership title of leased object through
purchase/sale or as a gift (hibah) at certain period as agreed in the lease agreement (akad).
Ijarah muntahiyah bittamlik assets are stated at the acquisition costs less accumulated
depreciation. Ijarah receivable is recognised at maturity date based on unearned lease income
and presented at net realisable value, i.e. balance of the receivables less allowance for
impairment losses.
Mudharabah is an investment of funds from the owner of fund (malik, shahibul maal, or sharia
bank) to a fund manager (amil, mudharib, or customer) for a specific business activity, under
a profit or revenue sharing agreement between the two parties at a pre-agreed ratio (nisbah).
Mudharabah financing is stated at financing balance less allowance for impairment losses.
Musyarakah is an investment of funds from the owners of funds to combine their funds for a
specific business activity, for which the profits are shared based on a pre-agreed nisbah, while
losses are borne proportionally by the fund owners.
Permanent musyarakah is a musyarakah for which the amount of funds contributed by each
party is fixed until the end of the agreement. Declining musyarakah (musyarakah mutanaqisha)
is musyarakah with a condition that the amount contributed by a party will be declining from
time to time as it is transferred to another party, such that at the end of the agreement, the
other party will fully own the business. Musyarakah financing is stated at financing balance
less allowance for impairment losses.
The Subsidiary determines the allowance for impairment losses of sharia financing receivables
in accordance with the quality of each financing receivable by referring to the requirements of
Financial Services Authority, except for murabahah receivables. In accordance with SFAS 402
“Accounting for Murabahah” and Indonesia Sharia Banking Accounting Guidelines (PAPSI
Revised 2013), the Bank calculates individual impairment for murabahah receivable in
accordance with IFAS No. 402 “Impairment of Murabahah Receivables”. The Bank assesses
whether there is any objective evidence that a financial assets is impaired at each statement
of financial position date. The Bank uses the migration analysis method which is a statistical
model analysis method to assess allowance for impairment losses on collective receivables.
The Bank uses 5 (five) years historical data to compute for the Probability of Default (“PD”)
and Loss Given Default (“LGD”).
r. Investment securities
Investment securities consist of traded securities in the money market and stock exchange
such as Government Bonds, Sekuritas Rupiah and Valas Bank Indonesia, Sukuk Bank
Indonesia, Sukuk, Corporate Bonds, Certificates of Bank Indonesia, mutual funds, medium
term notes and shares. Investment securities are classified as financial assets measured at
amortised cost and measured at fair value through other comprehensive income. Refer to Note
2g for the accounting policy for financial assets measured at amortised cost and at fair value
through other comprehensive income.
Page 37
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/23
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
r. Investment securities (continued)
Investments in sukuk measured at cost and measured at fair value through other
comprehensive income
The Group determines the classification of their investment in sukuk based on business model
in accordance with SFAS 410 “Accounting for Sukuk” as follows:
• Investment securities are measured at cost and are presented at acquisition cost
(including transaction costs) adjusted for unamortised premiums and/or discounts.
Premiums and discounts are amortised over the period to maturity.
• Investment securities are measured at fair value through other comprehensive income
which is stated at fair value. Unrealised gains or losses due to the increase or decrease in
fair value are presented in other comprehensive income for the year.
s. Fixed assets
Fixed assets are initially recognised at acquisition cost. Acquisition cost includes expenditures
directly attributable to bring the assets for their intended use. Except for land, subsequent to
initial measurement, all fixed assets are measured using cost model, which is cost less
accumulated depreciation and accumulated impairment losses. Land is not depreciated.
Land is presented at fair value, based on valuation performed by external independent valuers
which are registered with OJK. Valuation of land is carried out by appraisers who have
professional qualifications. Revaluation is carried out with sufficient regularity to ensure that the
carrying amount of revalued assets does not differ materially from their fair values at the reporting
date.
Increases arising on the revaluation are credited to “revaluation surplus of fixed assets” as part
of other comprehensive income. However, the increase is recognised in profit or loss up to the
amount of the same asset impairment from revaluation previously recognised in the consolidated
statements of profit or loss and other comprehensive income. Decreases that offset previous
increases of the same asset are debited against “revaluation surplus of fixed assets” as part of
other comprehensive income, all other decreases are charged to the consolidated statements of
profit or loss.
Costs relating to the acquisition of legal titles on the land rights are recognised as part of
acquisition cost of land. The costs of extension or renewal of legal titles on the land rights are
charged to consolidated profit or loss as incurred because the amount is not material.
Buildings are depreciated using the straight-line method based on an estimated economic useful
life of 20 (twenty) years. Other fixed assets are depreciated using the straight-line method based
on an estimated economic useful life of 5 (five) years. In 2025, certain Subsidiaries changed their
accounting estimates related to the estimated economic useful life for fixed assets other than
buildings. The effect of this difference in depreciation methods is not material to the consolidated
financial statements. For all fixed assets, the Group determines a nil residual value for
depreciation purposes.
Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset
as appropriate, only when it is probable that future economic benefits associated with the item
will flow to the Group and the cost of the item can be measured reliably. The carrying amount of
replaced part is derecognised. All other repairs and maintenance are charged to the consolidated
statements of profit or loss and other comprehensive income during the financial period in which
they are incurred.
Page 38
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/24
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
s. Fixed assets (continued)
Buildings under construction are stated at acquisition cost. The accumulated costs will be
transferred to the buildings account when construction is completed and the buildings are ready
for their intended use.
When assets are disposed, their acquisition cost and the related accumulated depreciation are
eliminated from the consolidated statements of financial position, and the resulting gain or loss
on the disposal of fixed assets is recognised in the current year consolidated statements of profit
or loss. When revalued assets are sold, the amounts included in equity are transferred to
retained earnings.
At each reporting date, residual value, useful life and depreciation method are reviewed, and if
required, will be adjusted and applied in accordance with the requirement of prevailing Statement
of Financial Accounting Standards.
When the carrying amount of fixed assets measured using cost model is greater than its
estimated recoverable amount, it is written down to its recoverable amount and the impairment
loss is recognised in the current year consolidated statements of profit or loss and other
comprehensive income.
t. Other assets
Other assets include accrued interest income, receivables, foreclosed assets, abandoned
properties, and others.
Abandoned properties represent the Group is fixed assets in the form of properties which were
not used for the Group business operational activity.
Foreclosed assets (AYDA) represent assets acquired by the Bank and its Subsidiaries, both
from auction and non auction based on voluntary transfer by the debtor or based on debtor’s
approval to sell the collateral not through auction when the debtor do not fulfill their obligations
to the Bank and Subsidiaries.
The Bank measures AYDA at the lower of the carrying amount and fair value after deducting the
estimated costs to sell the AYDA. The difference between the net realisable value and the sale
of AYDA is recognised as gain or loss in the current year when it is sold.
Expenses for maintaining foreclosed assets and abandoned properties are recognised in the
current year consolidated statements of profit or loss and other comprehensive income as
incurred. Any permanent impairment loss that occurred will be charged to the current year
consolidated statements of profit or loss and other comprehensive income. Refer to Note 2h
for changes in accounting policy to determine impairment losses on foreclosed assets and
abandoned properties.
u. Intangible assets
Intangible assets consist of software and goodwill.
Software
Software is stated at cost less accumulated amortisation and accumulated impairment losses.
Acquired computer software licences are capitalised on the basis of the costs incurred to
acquire and bring to use the specific software. Costs associated with maintaining computer
software programs are recognised as an expense as incurred. Development costs that are
directly attributable to the design and testing of identifiable and unique software products
controlled by the Group are recognised as software. Other development expenditures that do
not meet these criteria are recognised as an expense as incurred. Development costs
previously recognised as an expense are not recognised as an asset in a subsequent period.
Page 39
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/25
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
u. Intangible assets (continued)
Intangible assets consist of software and goodwill. (continued)
Software (continued)
Software is amortised using the straight-line method over their estimated useful lives of 5 (five)
years for the Bank. Software is amortised using the double-declining balance method for PT
BCA Digital, meanwhile the other Subsidiaries are using the straight-line method over their
estimated useful lives ranging from 4 (four) to 8 (eight) years. Amortisation is recognised in the
current year consolidated statements of profit or loss. The effect of such different depreciation
method is not material to the consolidated financial statements.
In 2025, the Subsidiaries changes accounting policy regarding amortisation method and useful
life of software to straight-line method over their estimated useful lives of 5 (five) years for the
Subsidiaries. The changes of accounting policy is not material to the consolidated financial
statements and implemented prospectively.
Goodwill
For Group accounting policy of goodwill and impairment losses refer to Note 2e and 2h.
v. Deposits from customers and other banks
Deposits from customers are the fund trusted by customers (exclude banks) to the Bank based
on fund deposits agreements. Included in this account are current accounts, saving accounts,
time deposits and certificates of deposits.
Deposits from other banks represent liabilities to other banks, both domestic and overseas
banks, in the form of current accounts, saving accounts, time deposits, and interbank call
money.
Deposits from customers and deposits from other banks are classified as financial liabilities at
amortised cost. Incremental costs directly attributable to acquisition of deposits from
customers and deposits from other banks are deducted from the amount of deposits from
customers and deposits from other banks. Refer to Note 2g for the accounting policy of
financial liabilities at amortised cost.
w. Sharia deposits
Sharia deposits are deposits from third parties in form of wadiah demand deposits and wadiah
savings. Wadiah demand deposits can be used as payment instrument and can be withdrawn
using cheque and payment slip. Wadiah demand deposits and wadiah savings are entitled to
receive bonus in accordance with Subsidiary’s policy. Wadiah demand deposits and wadiah
savings are stated at nominal amount of deposits from customers. Sharia deposits are
classified as financial liabilities measured at amortised cost. Refer to Note 2g for accounting
policy on financial liabilities measured at amortised cost.
x. Temporary syirkah deposits
Temporary syirkah deposits is an investment with mudharabah muthlaqah agreement, where
the owner of funds (shahibul maal) gives flexibility to fund manager (mudharib/Subsidiary) in
managing the investment with the purpose that the returns are to be shared based on a pre-
agreed basis.
Page 40
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/26
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
x. Temporary syirkah deposits (continued)
Temporary syirkah deposits consist of mudharabah saving, mudharabah time deposits and
Sertifikat Investasi Mudharabah Antarbank (“SIMA”). These funds obtained by Subsidiary
which has the right to manage and invest fund, according to Subsidiary’s policy or limitation
from fund holders, whereby gains are to be shared based on the agreement. In case that the
decrease of temporary syirkah deposits was caused by normal losses, and not caused by
willful default, negligence or breach of the agreement, the Subsidiary has no obligation to
return or cover the fund losses or deficit.
Mudharabah saving is deposit from third parties which are entitled to receive sharing revenue
for the utilisation of the funds with a pre-agreed and approved nisbah. Mudharabah saving is
stated at the liabilities to customers.
Mudharabah time deposit is deposit from third parties which can only be withdrawn at a specific
time based on the agreement between holder of mudharabah time deposits and the
Subsidiary. Mudharabah time deposits are stated at nominal amount based on the agreement
between holder of mudharabah time deposits and the Subsidiary.
Temporary syirkah deposits can not be classified as liability. When the Subsidiary incurs
losses, the Subsidiary does not possess any liability to return the initial fund amount from the
fund owners except from negligence or default of the Subsidiary. Temporary syirkah deposits
can not be classified as equity because it has maturity date and owner and it does not possess
any ownership rights equal to shareholders as voting rights and rights of gain realisation from
current assets and non-investment assets.
Temporary syirkah deposits is one of the elements of consolidated financial statements, it in
accordance with sharia principle which give rights to Subsidiary to manage the fund, including
blending the funds with other funds.
Owners of temporary syirkah deposits obtain part of gain as agreed and incur losses based
on the amount from each parties. Revenue sharing of temporary syirkah deposits can be done
by revenue sharing concept or profit sharing concept.
y. Debt securities issued
Debt securities issued by Subsidiary which consists of bonds payable, are classified as other
financial liabilities measured at amortised cost. Issuance costs in connection with the issuance
of debt securities are recognised as discounts and directly deducted from the proceeds of debt
securities issued and amortised over the period of debt securities using the effective interest
method. Debt securities issued is classified as financial liabilities at amortised cost. Refer to
Note 2g for the accounting policy of financial liabilities measured at amortised cost.
z. Subordinated bonds
Subordinated bonds are classified as financial liabilities measured at amortised cost.
Incremental costs directly attributable to the issuance of subordinated bonds are deducted
from the amount of subordinated bonds received. Refer to Note 2g for the accounting policy
for financial liabilities at amortised cost.
aa. Provision
A provision is recognised if, as a result of a past event, the Group has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation. Provisions are measured at the
present value of management’s best estimate of the expenditure required to settle the present
obligation at the end of the reporting period. Provisions are determined by discounting the
estimated future cash flows at a pre-tax rate that reflects current market assessments of the
time value of money and the risks specific to the liability.
Page 41
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/27
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
ab. Accruals and other liabilities
Accruals and other liabilities consist of accrued interest expense, liabilities related to customer
and insurance transactions, security deposits, unearned revenue, finance lease liabilities and
others.
ac. Earnings per share
Basic earnings per share is computed based on net income for the current year attributable to
equity holders of parent entity divided by the weighted average number of outstanding issued
and fully paid-up common shares during the year after considering the treasury stocks.
As of 31 December 2025 and 2024, there were no diluted instruments. Therefore, diluted
earnings per share is equivalent to basic earnings per share.
ad. Interest income and expenses & sharia income and expenses
Interest income and expenses
Interest income and expenses are recognised in the consolidated statements of profit or loss
using the effective interest method. The effective interest rate is the rate that exactly discounts
the estimated future cash payments and receipts through the expected life of the financial
asset or financial liability (or, where appropriate, a shorter period) to the carrying amount of
the financial asset or financial liability. When calculating the effective interest rate, the Group
estimates future cash flows by considering all contractual terms of the financial instrument but
not future credit losses.
The calculation of the effective interest rate includes transaction costs (Note 2g) and all fees
and points paid or received that are an integral part of the effective interest rate.
Interest income and expenses presented in the consolidated statements of profit or loss and
other comprehensive income include:
• Interest on financial assets and liabilities at amortised cost calculated using the effective
interest rate method;
• Interest on investment securities at fair value through other comprehensive income
calculated using the effective interest rate method;
• Interest income on all financial assets at fair value through profit or loss are considered to
be incidental to the Group’s trading operations and are presented as part of net trading
income; and
• Interest income on the impaired financial assets continues to be recognised using the rate
of interest used to discount the future cash flows for the purpose of measuring the
impairment losses.
Sharia income and expenses
Sharia income consists of murabahah profit, ijarah revenue (leases), and profit sharing from
mudharabah and musyarakah financing.
Recognition of murabahah transaction profit with deferred payment or instalments is carried
out during the contractual period in accordance with effective (annuity) method.
Ijarah revenue is recognised proportionally and net during the contractual period.
Musyarakah revenue sharing which is entitled to passive partner is recognised during the
period in which the revenue occurs according to agreed nisbah.
Page 42
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/28
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
ad. Interest income and expenses & sharia income and expenses (continued)
Sharia income and expenses (continued)
Mudharabah revenue sharing is recognised during the period in which revenue sharing in
accordance to agreed nisbah occurs, and not allowed to recognise revenue from projected
business result.
Sharia expenses consist of mudharabah sharing expense and wadiah bonus expense. Sharing
expenses consist of expense for profit distribution on third party funds which are calculated
using profit distribution principle in accordance with agreed sharing ratio (nisbah) based on
mudharabah mutlaqah principle.
ae. Fees and commission income and expenses
Fees and commission income and expenses that are integral to the effective interest rate on
a financial asset or liability are included in the measurement of the effective interest rate.
Other fees and commission income, including bancassurance activity related fees, export-
import related fees, cash management fees, service fees and/or related to a specific period
and the amount is significant, are recognised as unearned income/prepaid expenses and
amortised based on the straight-line method over the terms of the related transactions;
otherwise, they are directly recognised as the related services are performed. Loan
commitment fees are recognised on a straight-line method over the commitment period.
Commission income related to credit and debit card transactions, less costs directly related to
these transactions, is presented on a net basis in the consolidated statement of profit or loss
and other comprehensive income.
af. Net income from transactions at fair value through profit or loss
Net income from transactions at fair value through profit or loss comprises of net gains or
losses related to financial assets and liabilities at fair value through profit or loss, including
interest income and expenses from all financial instruments at fair value through profit or loss
and all realised and unrealised fair value changes and foreign exchange differences.
ag. Post-employment benefits obligation
ag.1. Short-term liability
Liabilities for wages and salaries, including non-monetary benefits and accumulating sick
leave that are expected to be settled wholly within 12 months after the end of the period
in which the employees render the related service are recognised in respect of
employees’ services up to the end of the reporting period and are measured at the
amounts expected to be paid when the liabilities are settled. The liabilities are presented
as current employee benefit obligations in the consolidated statements of financial
position.
ag.2. Pension obligation
Entities in the Group operate various pension schemes. The Group has both defined
benefit and defined contribution plans. A defined contribution plans is a pension plan
under which the Group pays fixed contributions (funds) into a separate entity. The Group
has no legal or constructive obligations to pay further contributions if the fund does not
hold sufficient assets to pay all employees the benefits relating to employee service in
the current and prior periods. A defined benefit plans is an amount of pension benefit
that an employee will receive on retirement, usually dependent on one or more factors
such as age, years of service, and compensation.
Page 43
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/29
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
ag. Post-employment benefits obligation (continued)
ag.2. Pension obligation (continued)
The liability recognised in the consolidated statements of financial position in respect of
defined benefit pension plans is the present value of the defined benefit obligation at the
end of the reporting period less the fair value of plan assets. The defined benefit
obligation is calculated annually by independent actuaries using the projected unit credit
method. The present value of the defined benefit obligation is determined by discounting
the estimated future cash outflows using interest rates of Government Bonds
(considering currently there is no deep market for high-quality corporate bonds) that are
denominated in the currency in which the benefits will be paid, and that have terms to
maturity approximating to the terms of the related pension obligation.
The net interest cost is calculated by applying the discount rate to the net balance of the
defined benefit obligation and the fair value of plan assets. This cost is included in
employee benefit expense in the consolidated statements of profit or loss and other
comprehensive income.
Remeasurement gains and losses arising from experience adjustments and changes in
actuarial assumptions are charged or credited to equity in other comprehensive income
in the period in which they arise. They are included in retained earnings in the
consolidated statements of changes in equity and in the consolidated statements of profit
or loss and other comprehensive income.
Changes in the present value of the defined benefit obligation resulting from plan
amendments or curtailment programs are recognised immediately in the consolidated
statements of profit or loss and other comprehensive income as past service costs.
For defined contribution plans, the Group pays contributions to pension plans on a
mandatory, contractual or voluntary basis. However, since Job Creation Act requires an
entity to pay to a worker entering into pension age a certain amount based on, the
worker’s length of service, the Group is exposed to the possibility of having to make
further payments to reach that certain amount in particular when the cumulative
contributions are less than that amount. Consequently for financial reporting purposes,
defined contribution plans are effectively treated as if they were defined benefit plans.
ag.3. Other post-employment obligations
The Bank provides post-retirement healthcare benefits to their employees.
The entitlement to these benefits is usually conditional on the employee remaining in
service up to retirement age and the completion of a minimum service period.
The expected costs of these benefits are reserved over the period of employment using
projected unit credit method. These obligations are valued annually by independent
qualified actuaries.
ag.4. Termination benefits
Termination benefits are payable when employment is terminated by the Group before
the normal retirement date, or whenever an employee accepts voluntary redundancy in
exchange for these benefits. The Group recognises termination benefits at the earlier of
the following dates: (i) when the Group can no longer withdraw the offer of those
benefits; and (ii) when the Group recognises costs for a restructuring that is within the
scope of SFAS 237 and involves the payment of termination benefits. In the case of an
offer made to encourage voluntary redundancy, the termination benefits are measured
based on the number of employees expected to accept the offer. Benefits falling due
more than 12 months after the reporting date are discounted to their present value.
Page 44
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/30
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
ah. Current and deferred income tax
Income tax expense comprises of current and deferred taxes. Income tax expense is
recognised in the consolidated statements of profit or loss and other comprehensive income,
except to the extent that it relates to items recognised directly in other comprehensive income
or equity. In this case, the tax is also recognised in other comprehensive income or directly in
equity, respectively.
The current income tax charge is calculated on the basis of the tax laws enacted or
substantively enacted at the end of the reporting period in the countries where the entities in
the Group operate and generate taxable income. Management periodically evaluates positions
taken in annual tax returns (“SPT”) with respect to situations in which applicable tax regulation
is subject to interpretation. It establishes provisions where appropriate on the basis of amounts
expected to be paid to the tax authorities.
Deferred income tax is provided in full, using the liability method, on temporary differences
which arise from the difference between the tax bases of assets and liabilities and their carrying
amounts in the consolidated financial statements. However, deferred tax liabilities are not
recognised if they arise from the initial recognition of goodwill. Deferred income tax is also not
accounted for if it arises from initial recognition of an asset or liability in a transaction other
than a business combination that at the time of the transaction affects neither accounting nor
taxable profit or loss.
Deferred income tax is determined using tax rates that have been enacted or substantially
enacted by the end of the reporting period and are expected to apply when the related deferred
income tax asset is realised or the deferred income tax liability is settled.
Deferred tax assets are recognised only if it is probable that future taxable amounts will be
available to utilise those temporary differences and losses.
Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset
current tax assets and liabilities and when the deferred tax balances relate to the same taxation
authority. Current tax assets and current tax liabilities for each entity are offset where the entity
has a legally enforceable right to offset and intends either to settle on a net basis, or to realise
the asset and settle the liability simultaneously.
ai. Leases transaction - as lessee
At the inception of a contract, the Group assesses whether the contract is or contains a lease.
A contract is or contains a lease if the contract conveys the right to control the use of an
identified assets for a period of time in exchange for consideration. The Group can choose not
to recognise the right-of-use asset and lease liabilities for:
- Leases with a lease term of 12 months or less; and
- Low value underlying assets
To assess whether a contract conveys the right to control the use of an identified asset, the
Group shall assess whether:
- The Group has the right to obtain substantially all the economic benefit from use of the
identified asset; and
- The Group has the right to direct the use of the identified asset. The Group has described
when it has a decision-making rights that are the most relevant to changing how and for
what purpose the asset is used are predetermined:
1. The Group has the right to operate the asset;
2. The Group has designed the asset in a way that predetermine how and for what
purposes it will be used throughout the period of use.
Page 45
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/31
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
ai. Leases transaction - as lessee (continued)
The Group recognises a right-of-use asset and a leases liability at the leases commencement
date. The right-of-use asset is initially measured at cost, which comprises the initial amount of
the leases liability adjusted for any lease payment made at or before the commencement date,
plus any initial direct cost incurred.
The right-of-use asset is amortised over the straight-line method throughout the lease term.
The lease liability is initially measured at the present value of the lease payments that are not
paid at the commencement date, discounted using the interest rate implicit in the lease or, if
that right cannot be readily determined, using incremental borrowing rate. Generally, the Group
uses its incremental borrowing rate as a discount rate.
Each lease payment is allocated between the liabilities and finance cost. The finance cost is
charged to profit or loss over the lease period so as to produce a constant periodic rate of
interest on the remaining balance of the liability for each period.
The Group presents right-of-use assets as part of “Fixed assets” and lease liabilities as part of
“Other liabilities” in the consolidated statements of financial position.
If the lease transfers ownership of the underlying asset to the Group by the end of the lease
term or if the cost of the right-of-use asset reflects that the Group will exercise a purchase
option, the Group depreciates the right-of-use asset from the commencement date to the end
of the useful life of the underlying asset. Otherwise, the Group depreciates the right-of-use
asset from the commencement date to the earlier of the end of the useful life of the right-of-
use asset or the end of the leases term.
The Group analyses the facts and circumstances for each type of landrights in determining the
accounting for each of these land rights so that it can accurately represent an underlying
economic event or transaction. If the landrights do not transfer control of the underlying assets
to the Group, but gives the rights to use the underlying assets, the Group applies the
accounting treatment of these transactions as leases under SFAS 116, “Lease”, except if
landrights substantially similar to land purchases, the Group applies SFAS 216 “Fixed Assets”.
aj. Operating segment
An operating segment is a component of the entity that engages in business activities from
which it may earn revenues and incur expenses, including revenues and expenses that relate
to transactions with any of the entity’s other components, whose operating results are reviewed
regularly by the chief operating decision-maker to make decisions about resources allocated
to the segment and assess its performance, and for which discrete financial information is
available. Segment results that are reported to the chief operating decision-maker include
items directly attributable to a segment as well as those that can be allocated on a reasonable
basis. Unallocated items mainly comprise of head office expenses, fixed assets, income tax
assets/liabilities, including current and deferred taxes.
The Group manages its businesses and identify reporting segment based on geographic
region and product. Several regions have similar characteristics, have been aggregated and
evaluated regularly by management. Gains/losses from each segment is used to assess the
performance of each segment.
Page 46
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/32
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2. MATERIAL ACCOUNTING POLICY INFORMATION (continued)
ak. Related parties transactions
The Group has transactions with related parties. In accordance with SFAS 224 “Related Party
Disclosure”, the meaning of a related party is a person or entity that is related to a reporting
entity as follow:
a. A person or a close member of that person’s family is related to a reporting entity if that
person:
i. has control or joint control over the reporting entity;
ii. has significant influence over the reporting entity; or
iii. is member of the key management personnel of the reporting entity or a parent of the
reporting entity.
b. An entity is related to a reporting entity if any of the following conditions applies:
i. the entity and the reporting entity are members of the same group (which means that
each parent, subsidiary and fellow subsidiary is related to the others);
ii. one entity is an associate or joint venture of the other entity (or an associate or joint
venture of member of a company of which the other entity is a member);
iii. both entities are joint ventures of the same third party;
iv. one entity is a joint venture of a third entity and the other entity is an associate of the
third entity;
v. the entity is a post-employment benefit plan for the benefit of employees of either the
reporting entity or an entity related to the reporting entity;
vi. the entity controlled or jointly controlled by a person identified in (a);
vii. a person identified in (a) (i) has significant influence over the entity or is a member of
the key management personnel of the entity (or of a parent of the entity).
The nature of transactions and balances of accounts with related parties are disclosed in the
Note 45.
al. Share capital
Where any Group company purchases the company’s equity share capital (treasury shares),
the consideration paid, including any directly attributable incremental costs (net of income
taxes) is deducted from equity attributable to the company’s equity holders until the shares are
cancelled or reissued. Where such ordinary shares are subsequently reissued, any
consideration received, net of directly attributable incremental transaction costs and the related
income tax effects, is included in equity attributable to the company’s equity holders.
am. Insurance contract
Under PSAK 117, insurance contracts are aggregated into groups for measurement purposes.
Groups of insurance contracts are determined by identifying portfolios of insurance contracts,
where each portfolio comprise group of contracts with similar risks which are managed
together. The portfolios are further divided based on the profitability of contracts into three
categories: onerous contracts, contracts with no significant risk of becoming onerous, and the
remaining contracts. The insurance contracts are also grouped into annual cohorts (i.e. by year
of issue). Portfolios of reinsurance contracts held are assessed for aggregation separately from
portfolios of insurance contracts issued.
Page 47
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/33
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
3. USE OF ESTIMATES AND JUDGMENT
This disclosure supplements the commentary on financial risk management (Note 41).
Key sources of estimation uncertainty
1. Allowance for impairment losses of financial assets
According to SFAS 109, the measurement of the expected credit loss allowance for financial
assets measured at amortised cost and at fair value through other comprehensive income
is an area that requires the use of complex models and significant assumptions about future
economic conditions and credit behaviour.
Significant estimates are required in applying the SFAS 109 requirements for measuring
allowance for impairment losses, such as:
• Determining criteria for Significant Increase in Credit Risk;
• Choosing appropriate models and assumptions for the measurement of allowance for
impairment losses;
• Establishing the number and relative weightings of forward-looking scenarios for each
type of segment/product;
• Establishing the segments of similar financial assets for the purposes of measuring
allowance for impairment losses;
• Estimate debtor’s cash flow in the calculation of individual impairment.
Detailed information about financial risk management related to the judgments and
estimates made by the Group is set out in Note 41.
2. Post-employment benefits obligations
Present value of retirement obligations depends on several factors which determined by
actuarial basis using several assumptions. Assumptions used to determine expenses
(revenues) of net pension including discount rate and future salary growth. Any changes on
these assumptions will affect the recorded amount of pension obligations.
3. Taxation
The Group requires significant judgment in determining tax provisions. Group determines
tax provisions based on estimates of the possible additional tax expense. If the final outcome
is different from the amount originally recorded, the difference will have an impact in the
profit or loss.
4. CASH
2025 2024
Rupiah 24,320,754 27,672,826
Foreign currencies 984,277 1,643,052
25,305,031 29,315,878
The balance of cash in Rupiah includes cash in Automatic Teller Machines (“ATM”) amounting to
Rp 9,279,539 and Rp 9,165,874 as of 31 December 2025 and 2024, respectively.
Page 48
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/34
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
5. CURRENT ACCOUNTS WITH BANK INDONESIA
2025 2024
Rupiah 43,991,552 32,928,703
Foreign currencies 3,776,726 3,479,439
47,768,278 36,408,142
Information regarding the fulfillment of the Reserve Requirements ("RR") and Ratio of
Macroprudential Liquidity Buffer ("MPLB") is disclosed in Note 49.
6. CURRENT ACCOUNTS WITH OTHER BANKS
2025 2024
Rupiah 172,397 73,827
Foreign currencies 5,160,009 4,024,010
Total 5,332,406 4,097,837
Allowance for impairment losses
Rupiah (86) (117)
Foreign currencies (682) (521)
(768) (638)
Total - net 5,331,638 4,097,199
The Group did not have balances of current accounts with other banks from related parties.
Average effective interest rates (yield) per annum of current accounts with other banks were as
follows:
2025 2024
Rupiah 4.19% 4.25%
Foreign currencies 2.49% 3.43%
All current accounts with other banks had not experienced significant increase in credit risk since
initial recognition and had no objective evidence of impairment. The changes in the allowance for
impairment losses on current accounts with other banks are as follows:
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance (638) - - (638)
Net changes in exposure (82) - - (82)
Foreign exchange difference (48) - - (48)
Ending balance (768) - - (768)
Page 49
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/35
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
6. CURRENT ACCOUNTS WITH OTHER BANKS (continued)
All current accounts with other banks had not experienced a significant increase in credit risk since
initial recognition and had no objective evidence of impairment. The changes in the allowance for
impairment losses on current accounts with other banks are as follows: (continued)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance (899) - - (899)
Net changes in exposure 271 - - 271
Foreign exchange difference (10) - - (10)
Ending balance (638) - - (638)
Management believes that the allowance for impairment losses is adequate.
7. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS
a. By type and contractual period
2025
Up to >1-3 >3-6 > 6 - 12 More than
1 month months months months 12 months Total
Bank Indonesia 4,310,376 - - - - 4,310,376
Call money 3,861,506 83,375 166,750 - - 4,111,631
Time deposits 489,565 398,791 48,738 5,000 - 942,094
Certificate of deposits - - - - 451,950 451,950
Total 8,661,447 482,166 215,488 5,000 451,950 9,816,051
Allowance for
impairment losses (2,510)
Total - net 9,813,541
2024
Up to >1-3 >3-6 > 6 - 12 More than
1 month months months months 12 months Total
Bank Indonesia 8,646,539 - - - - 8,646,539
Call money 5,101,180 1,153,069 - - - 6,254,249
Time deposits 606,732 153,153 24,401 31,522 - 815,808
Total 14,354,451 1,306,222 24,401 31,522 - 15,716,596
Allowance for
impairment losses (1,712)
Total - net 15,714,884
b. By currency
2025 2024
Rupiah 1,826,779 5,115,663
Foreign currencies 7,989,272 10,600,933
Total 9,816,051 15,716,596
Allowance for impairment losses (2,510) (1,712)
Total - net 9,813,541 15,714,884
Page 50
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/36
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
7. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS (continued)
The Group did not have balances of placements with other banks from related parties.
Changes in unrealised gains (losses) from placements with other banks measured at fair value
through other comprehensive income are as follows:
2025 2024
Beginning balance - before deferred
income tax - (1,086)
Addition of unrealised gains (losses)
during the year - net (3,742) 1,110
Realised gains (losses) during
the year - net - (24)
Total before deferred income tax (3,742) -
Deferred income tax (Note 20) 711 -
Ending balance - net (3,031) -
All placements with other banks had not experienced a significant increase in credit risk since initial
recognition and had no objective evidence of impairment. The changes in the allowance for
impairment losses on placements with other banks are as follows:
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance (1,712) - - (1,712)
Net changes in exposure (670) - - (670)
Foreign exchange difference (128) - - (128)
Ending balance (2,510) - - (2,510)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance (684) - - (684)
Net changes in exposure (1,006) - - (1,006)
Foreign exchange difference (22) - - (22)
Ending balance (1,712) - - (1,712)
Average effective interest rates (yield) per annum of placements with Bank Indonesia and other
banks were as follows:
2025 2024
Bank Indonesia and call money:
Rupiah 4.87% 5.77%
Foreign currencies 3.64% 4.43%
Time deposits:
Rupiah 4.39% 5.89%
Foreign currencies 3.00% 3.00%
Certificates of deposits:
Rupiah 6.21% 6.47%
Page 51
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/37
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
7. PLACEMENTS WITH BANK INDONESIA AND OTHER BANKS (continued)
The range of contractual interest rates per annum of placements with Bank Indonesia and other
banks were as follows:
2025 2024
Time deposits:
Rupiah 1.00% - 6.75% 2.00% - 7.55%
Foreign currencies 0.50% - 3.75% 1.00% - 4.85%
Certificates of deposits:
Rupiah 6.85% 6.53%
There were no placements with Bank Indonesia and other banks which were used as collateral for
securities trading transaction.
Management believes that the allowance for impairment losses is adequate.
8. FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS
Financial assets and liabilities at fair value through profit or loss consist of:
2025 2024
Nominal value Fair value Nominal value Fair value
Financial assets:
Securities
Sekuritas Rupiah dan
Valas Bank Indonesia 30,842,353 29,998,896 19,397,441 18,448,845
Government bonds 875,114 894,070 2,023,959 1,977,974
Government Treasury Bills 782,000 763,059 - -
Sukuk 730,376 740,168 465,904 454,796
Corporate bonds 634,000 650,705 33,000 32,636
Mutual Funds 541,378 561,835 120,237 127,688
Sharia Government Treasury Bills 521,618 513,861 - -
Investment in shares - 91,797 - 27,072
Medium-term notes 16,675 15,661 - -
Others 979,188 972,839 230,272 234,398
35,922,702 35,202,891 22,270,813 21,303,409
Derivative assets
Forward 68,603 153,034
Swap 45,928 66,842
Spot 3,513 1,332
Others 24 -
118,068 221,208
Total 35,320,959 21,524,617
Financial liabilities:
Derivative liabilities
Forward 35,851 77,894
Swap 60,189 175,087
Spot 1,324 4,611
Others 42 21
Total 97,406 257,613
Page 52
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/38
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
9. ACCEPTANCE RECEIVABLES AND PAYABLES
a. The details of acceptance receivables
By type
2025 2024
Non-bank debtors 9,222,508 9,519,812
Other banks 472,435 541,930
Total 9,694,943 10,061,742
Allowance for impairment losses (200,313) (440,695)
Total - net 9,494,630 9,621,047
By currencies
2025 2024
Rupiah 3,994,389 4,114,907
Foreign currencies 5,700,554 5,946,835
Total 9,694,943 10,061,742
Allowance for impairment losses (200,313) (440,695)
Total - net 9,494,630 9,621,047
b. The details of acceptance payables
By type
2025 2024
Non-bank debtors 689,204 736,591
Other banks 4,044,658 3,915,364
Total 4,733,862 4,651,955
By currencies
2025 2024
Rupiah 1,209,980 1,321,089
Foreign currencies 3,523,882 3,330,866
Total 4,733,862 4,651,955
c. The movement of allowance for impairment losses of acceptance receivables
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance (38,090) (98,434) (304,171) (440,695)
Transfer to lifetime expected
credit losses (Stage 2) 62 (7,043) - (6,981)
Transfer to 12 months expected
credit losses (Stage 1) (96) 13,630 - 13,534
Net changes in exposure (2,517) 17,769 232,381 247,633
Foreign exchange difference (1,475) (4,437) (7,892) (13,804)
Ending balance (42,116) (78,515) (79,682) (200,313)
Page 53
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/39
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
9. ACCEPTANCE RECEIVABLES AND PAYABLES (continued)
c. The movement of allowance for impairment losses of acceptance receivables (continued)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance (77,889) (25,439) (179,787) (283,115)
Transfer to lifetime expected
credit losses (Stage 2) 9,187 (113,409) - (104,222)
Transfer to credit
impaired (Stage 3) 62 3,329 (7,684) (4,293)
Transfer to 12 months expected
credit losses (Stage 1) (150) 25,681 - 25,531
Net changes in exposure 32,419 11,512 (110,040) (66,109)
Foreign exchange difference (1,719) (108) (6,660) (8,487)
Ending balance (38,090) (98,434) (304,171) (440,695)
Management believes that the allowance for impairment losses is adequate.
The Bank did not have balances of acceptance receivables and payables to and from related
parties.
10. BILLS RECEIVABLE
a. By type
2025 2024
Non-bank debtors 428,757 640,986
Other banks 11,401,719 8,253,899
Total 11,830,476 8,894,885
Allowance for impairment losses (5,381) (3,116)
Total - net 11,825,095 8,891,769
b. By currencies
2025 2024
Rupiah 3,894,193 3,497,781
Foreign currencies 7,936,283 5,397,104
Total 11,830,476 8,894,885
Allowance for impairment losses (5,381) (3,116)
Total - net 11,825,095 8,891,769
c. The movement of allowance for impairment losses of bills receivables
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance (3,116) - - (3,116)
Transfer to 12 months expected
credit losses (Stage 1) (14) - - (14)
Net changes in exposure (1,582) (7) (581) (2,170)
Foreign exchange difference (88) 7 - (81)
Ending balance (4,800) - (581) (5,381)
Page 54
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/40
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
10. BILLS RECEIVABLE (continued)
c. The movement of allowance for impairment losses of bills receivables (continued)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance (4,516) - - (4,516)
Transfer to 12 months expected
credit losses (Stage 1) (75) - - (75)
Net changes in exposure 1,551 - 8 1,559
Foreign exchange difference (76) - (8) (84)
Ending balance (3,116) - - (3,116)
Management believes that the allowance for impairment losses is adequate.
The Bank did not have balances of bills receivables to related parties.
Average effective interest rates (yield) per annum of bills receivable were as follows:
2025 2024
Rupiah 10.00% 8.31%
Foreign currencies 4.66% 6.09%
11. SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL
This account represents receivables to Bank Indonesia, other banks and third party for securities
purchased with agreements to resell with details as follows:
2025
Allowance for
Range of Deferred impairment
purchase date Range of sale date Resell price interest income losses Carrying value
Transactions with Bank Indonesia:
Underlying instruments:
Government Treasury Bills 3 - 10 Dec 25 4 - 11 Mar 26 2,203,570 (19,869) - 2,183,701
Government bonds 8 Oct - 26 Nov 25 7 Jan - 25 Feb 26 1,646,866 (8,559) - 1,638,307
3,850,436 (28,428) - 3,822,008
Transactions with other banks:
Underlying instruments:
Government bonds 2 - 31 Dec 25 2 - 15 Jan 26 767,578 (646) - 766,932
Sekuritas Rupiah Bank Indonesia 18 - 30 Dec 25 2 - 13 Jan 26 447,280 (279) - 447,001
1,214,858 (925) - 1,213,933
Transactions with non-bank:
Underlying instruments:
Shares 3 Sep - 16 Dec 25 19 Jan - 23 Nov 26 267,683 (23,672) (936) 243,075
Corporate bonds 3 Sep - 2 Dec 25 5 Jan - 23 Nov 26 6,595 (98) - 6,497
274,278 (23,770) (936) 249,572
5,339,572 (53,123) (936) 5,285,513
2024
Allowance for
Range of Deferred impairment
purchase date Range of sale date Resell price interest income losses Carrying value
Transactions with Bank Indonesia:
Underlying instruments:
Government bonds 28 Nov 24 28 Feb 25 48,312 (503) - 47,809
48,312 (503) - 47,809
Transactions with other banks:
Underlying instruments:
Government bonds 18 - 31 Dec 24 2 - 13 Jan 25 932,726 (860) (91) 931,775
Sekuritas Rupiah Bank Indonesia 16 - 30 Dec 24 13 Jan 25 435,353 (938) - 434,415
1,368,079 (1,798) (91) 1,366,190
Transactions with non-bank:
Underlying instruments:
Shares 3 Oct - 16 Dec 24 3 Jan - 16 Jun 25 38,273 (1,760) (950) 35,563
38,273 (1,760) (950) 35,563
1,454,664 (4,061) (1,041) 1,449,562
Page 55
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/41
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
11. SECURITIES PURCHASED UNDER AGREEMENTS TO RESELL (continued)
The movement of allowance for impairment losses on securities purchased under agreements to
resell was as follows:
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance (1,041) - - (1,041)
Net changes in exposure 105 - - 105
Ending balance (936) - - (936)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance (998) - - (998)
Net changes in exposure (43) - - (43)
Ending balance (1,041) - - (1,041)
Management believes that the allowance for impairment losses is adequate.
All securities purchased under agreements to resell were denominated in Rupiah currency.
The Group did not have balances of securities purchased under agreements to resell with related
parties.
Average effective interest rates (yield) per annum of securities purchased under agreements to
resell for the years ended 31 December 2025 and 2024 were 5.52% and 6.33%, respectively.
12. LOANS RECEIVABLE
Loans receivable consisted of:
a. By type
2025 2024
Working capital 433,323,451 405,477,821
Investment 356,926,607 315,243,921
Consumer 157,017,105 159,153,796
Credit card 19,744,975 18,222,967
Employee loans 3,221,096 3,212,348
Total 970,233,234 901,310,853
Allowance for impairment losses (29,752,034) (32,624,643)
Total - net 940,481,200 868,686,210
b. By currency
2025 2024
Rupiah 920,362,531 857,915,747
Foreign currencies 49,870,703 43,395,106
Total 970,233,234 901,310,853
Allowance for impairment losses (29,752,034) (32,624,643)
Total - net 940,481,200 868,686,210
Page 56
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/42
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
12. LOANS RECEIVABLE (continued)
Loans receivable consisted of: (continued)
c. By economic sector
2025 2024
Manufacturing 211,585,937 197,319,989
Trading, restaurants and hotels 191,923,805 183,979,023
Business services 175,106,749 154,653,535
Household activities 160,237,373 162,779,686
Construction 43,221,971 38,598,617
Transportation and warehousing 43,103,465 37,841,985
Agriculture and agricultural facilities 42,479,686 38,159,778
Electricity, gas, and water 37,231,613 32,858,454
Mining 34,724,645 26,620,586
Social/public services 10,872,082 10,689,585
Others 19,745,908 17,809,615
Total 970,233,234 901,310,853
Allowance for impairment losses (29,752,034) (32,624,643)
Total - net 940,481,200 868,686,210
d. By maturity period
Loans receivable by maturity period based on loan agreements:
2025 2024
Up to 1 year 289,482,904 285,152,133
> 1 - 5 years 228,230,349 198,296,253
> 5 years 452,519,981 417,862,467
Total 970,233,234 901,310,853
Allowance for impairment losses (29,752,034) (32,624,643)
Total - net 940,481,200 868,686,210
e. By staging
Below is movement of loans based on stages during the years ended 31 December 2025 and
2024:
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance 864,749,322 20,255,905 16,305,626 901,310,853
Transfer to lifetime expected credit
losses (Stage 2) (26,687,251) 29,960,239 (2,756,945) 516,043
Transfer to credit
impaired (Stage 3) (689,582) (16,314,654) 16,207,076 (797,160)
Transfer to 12 months expected
credit losses (Stage 1) 14,049,166 (12,859,917) (1,678,001) (488,752)
Net changes in exposure 81,522,764 (1,532,438) (4,215,899) 75,774,427
Written-off during the year - - (7,734,297) (7,734,297)
Foreign exchange difference 1,511,642 73,916 66,562 1,652,120
Ending balance 934,456,061 19,583,051 16,194,122 970,233,234
Page 57
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/43
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
12. LOANS RECEIVABLE (continued)
Loans receivable consisted of: (continued)
e. By staging (continued)
Below is movement of loans based on stages during the years ended 31 December 2025 and
2024: (continued)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance 757,146,891 20,089,525 14,960,298 792,196,714
Transfer to lifetime expected credit
losses (Stage 2) (24,386,823) 26,065,000 (1,745,561) (67,384)
Transfer to credit
impaired (Stage 3) (725,285) (12,634,512) 12,688,630 (671,167)
Transfer to 12 months expected
credit losses (Stage 1) 11,067,999 (10,201,732) (1,473,483) (607,216)
Net changes in exposure 119,944,609 (3,185,859) (4,668,915) 112,089,835
Written-off during the year - - (3,564,430) (3,564,430)
Foreign exchange difference 1,701,931 123,483 109,087 1,934,501
Ending balance 864,749,322 20,255,905 16,305,626 901,310,853
f. By collectability and restructuring
This additional information is required by applicable regulations and is not required by Indonesian
Financial Accounting Standards. This additional information is part of Note 49 to the consolidated
financial statements:
i. By collectability
2025 2024
Current 937,311,901 867,113,405
Special mention 16,873,850 18,619,385
Sub-standard 1,353,139 1,139,670
Doubtful 1,831,286 1,248,012
Loss 12,863,058 13,190,381
Total 970,233,234 901,310,853
Allowance for impairment losses (29,752,034) (32,624,643)
Total - net 940,481,200 868,686,210
ii. Restructured loans
Credit restructuring carried out by modifying the facility structure and credit terms, including
lowering credit interest rates, extending credit terms, and others.
Restructured loans by collectability are as follows:
2025 2024
Current 12,296,611 11,897,353
Special mention 5,006,147 6,860,802
Sub-standard 421,506 386,834
Doubtful 350,589 221,515
Loss 7,776,226 9,420,098
Total 25,851,079 28,786,602
Page 58
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/44
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
12. LOANS RECEIVABLE (continued)
Loans receivable consisted of: (continued)
g. Syndicated loans
Syndicated loans represent loans provided to debtors under syndication agreements with
other banks. Syndicated loans with risk sharing participation to the Bank’s financing were as
follows:
2025 2024
Bank's participation as participant, ranged between
2.00% - 84.00% and 2.00% - 81.49%. For the years
ended 31 December 2025 and 2024. 49,195,042 44,193,652
Bank's participation as arranger, ranged between
21.43% - 75.00% and 10.00% - 75.00%. For the years
ended 31 December 2025 and 2024. 51,616,640 44,281,409
100,811,682 88,475,061
h. The movement of allowance for impairment losses on loans receivable
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance (11,802,878) (9,807,519) (11,014,246) (32,624,643)
Transfer to lifetime expected credit
losses (Stage 2) 1,153,917 (6,427,710) 1,038,143 (4,235,650)
Transfer to credit
impaired (Stage 3) 58,607 4,939,005 (6,303,521) (1,305,909)
Transfer to 12 months expected
credit losses (Stage 1) (1,028,397) 3,257,277 514,546 2,743,426
Net changes in exposure (126,257) (140,832) (1,673,039) (1,940,128)
Written-off during the year - - 7,734,297 7,734,297
Foreign exchange difference (25,536) (45,030) (52,861) (123,427)
Ending balance (11,770,544) (8,224,809) (9,756,681) (29,752,034)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance (12,733,822) (10,303,493) (10,271,560) (33,308,875)
Transfer to lifetime expected credit
losses (Stage 2) 1,793,010 (5,834,839) 686,359 (3,355,470)
Transfer to credit
impaired (Stage 3) 94,436 3,422,967 (4,883,438) (1,366,035)
Transfer to 12 months expected
credit losses (Stage 1) (635,109) 1,754,524 412,258 1,531,673
Net changes in exposure (288,416) 1,226,107 (434,669) 503,022
Written-off during the year - - 3,564,430 3,564,430
Foreign exchange difference (32,977) (72,785) (87,626) (193,388)
Ending balance (11,802,878) (9,807,519) (11,014,246) (32,624,643)
Management believes that allowance for impairment losses is adequate.
As of 31 December 2025 and 2024, allowance for impairment losses on loans receivable to
related parties amounting to Rp 81,879 and Rp 56,052, respectively.
Page 59
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/45
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
12. LOANS RECEIVABLE (continued)
Loans receivable consisted of: (continued)
i. Joint financing
The Bank entered into joint financing agreements with PT BCA Finance, the Subsidiary, for
financing the purchase of vehicles. All risks from the loss arising from these joint financing
facilities will be borne proportionally by both parties based on respective financing participation
(without recourse). The Bank’s portion of outstanding balance of joint financing receivable
facilities as of 31 December 2025 and 2024 were Rp 46,331,424 and Rp 54,623,153,
respectively.
j. The carrying amount of loans receivable are as follows:
2025 2024
Loans receivable 970,233,234 901,310,853
Accrued interest income 3,186,544 3,343,491
Allowance for impairment losses (Note 12g) (29,752,034) (32,624,643)
Total - net 943,667,744 872,029,701
k. Other significant information relating to loans receivable
As of 31 December 2025 and 2024, the Bank had no loans receivable which were pledged as
collaterals.
Demand deposits, saving and time deposits pledged as collateral for loans
receivable amounting to Rp 26,552,692 and Rp 18,465,132, respectively, as of
31 December 2025 and 2024 (Note 19).
Employee loans are loans given to Bank’s employees with interest rate at 4% per annum for
housing loans, motor vehicle loans, and loans for other purposes and the terms between 8
years to 20 years, specifically for the period 2022 - 2026 the Bank provides relief to employees
with an interest rate of 3.5% per year. Repayment of principal and interest which will be
effected through monthly salary deductions. The difference between the rate and market rate
will be recognised as subsidy and recorded as other assets, also amortised over the life of the
loans.
Average effective interest rates (yield) per annum of loans receivable were as follows:
2025 2024
Rupiah 7.43% 7.68%
Foreign currencies 5.26% 5.85%
Information regarding the ratio of small enterprises loans to total loans receivable provided by
the Bank and the non-performing loan ("NPL") ratio is disclosed in Note 49.
Page 60
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/46
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
13. CONSUMER FINANCING RECEIVABLES
The Subsidiary’s amortised cost of consumer financing receivables were as follows:
2025 2024
Consumer financing receivables
- Self-financing by Subsidiaries 6,244,700 5,642,551
- Share in joint financing with related party
without recourse 8,902,189 11,067,888
Unamortised administration income - net (373,232) (514,472)
Unearned consumer financing income (5,307,159) (6,397,119)
Total 9,466,498 9,798,848
Allowance for impairment losses (512,511) (363,284)
Total - net 8,953,987 9,435,564
Contractual interest rates per annum for consumer financing during 2025 and 2024 were 3.59% -
49.98% and 3.62% - 49.98%, respectively.
The Subsidiary’s provide consumer financing contracts for 4 (four) wheels motor vehicles with
terms ranging from 3 (three) months to 6 (six) years, while consumer financing contracts for 2 (two)
wheels motor vehicles ranging from 1 (one) year to 4 (four) years.
The movement in the allowance for impairment losses on consumer financing receivables was as
follows:
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance (127,718) (18,860) (216,706) (363,284)
Net changes in exposure (181,930) (10,155) (453,000) (645,085)
Written-off during the year - - 495,858 495,858
Ending balance (309,648) (29,015) (173,848) (512,511)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance (170,906) (17,819) (139,221) (327,946)
Net changes in exposure 43,188 (1,041) (395,649) (353,502)
Written-off during the year - - 318,164 318,164
Ending balance (127,718) (18,860) (216,706) (363,284)
As of 31 December 2025 and 2024, there are no consumer financing receivables pledged as
collateral.
Management believes that allowance for impairment losses is adequate.
Page 61
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/47
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
14. INVESTMENT SECURITIES
The details of investment securities were as follows:
a. By type
2025
Unamortised Allowance for
premium Unrealised impairment
Description Nominal amount (discount) gain (loss) losses Carrying value
Measured at amortised cost:
Government bonds,
- recapitalisation 2,574,961 61,248 - - 2,636,209
- non-recapitalisation 161,805,139 2,294,104 - - 164,099,243
Sukuk 53,042,669 (446,062) - (111) 52,596,496
Mutual fund units 350,000 - - (3,500) 346,500
Corporate bonds 7,380,098 (10,903) - (22,329) 7,346,866
Syariah Government
Treasury Bills 400,000 (4,586) - - 395,414
Money market instruments
Sekuritas Rupiah dan Valas
Bank Indonesia 93,110,205 (2,852,789) - - 90,257,416
Others 26,433 (21,309) - (1) 5,123
Measured at fair value
through other
comprehensive income:
Government bonds,
- non-recapitalisation 32,909,778 730,432 1,380,113 (19) 35,020,304
Sukuk of Bank Indonesia 568,902 - 32,153 - 601,055
Sukuk 13,109,940 (289,257) 315,703 (57,773) 13,078,613
Mutual fund units 16,719,767 - 483,161 (28,573) 17,174,355
Corporate bonds 25,171,613 132 422,343 (407,513) 25,186,575
Investment in shares 712,062 - - (105,416) 606,646
Sekuritas Rupiah dan Valas
Bank Indonesia 20,000 (7) 2 - 19,995
Others 50,000 - 697 (507) 50,190
Total 407,951,567 (538,997) 2,634,172 (625,742) 409,421,000
2024
Unamortised Allowance for
premium Unrealised impairment
Description Nominal amount (discount) gain (loss) losses Carrying value
Measured at amortised cost:
Government bonds,
- recapitalisation 1,930,915 18,519 - - 1,949,434
- non-recapitalisation 123,250,385 1,528,190 - - 124,778,575
T-Bond USA 1,287,600 (3,077) - (97) 1,284,426
Sukuk 55,769,079 (615,025) - (75) 55,153,979
Mutual fund units 300,000 - - (3,000) 297,000
Corporate bonds 6,877,539 884 - (44,814) 6,833,609
Medium-term notes 3,000,000 - - (619) 2,999,381
Money market instruments 775,000 - - (7,750) 767,250
Sekuritas Rupiah dan Valas
Bank Indonesia 81,121,216 (2,961,575) - - 78,159,641
Others 13,433 (5,002) - - 8,431
Measured at fair value
through other
comprehensive income:
Government bonds,
- non-recapitalisation 40,303,477 570,615 279,340 - 41,153,432
Sukuk of Bank Indonesia 1,035,278 - 15,474 - 1,050,752
Sukuk 19,869,363 (302,959) 19,926 (21,316) 19,565,014
Mutual fund units 14,062,049 - 310,914 (12,538) 14,360,425
Corporate bonds 22,740,537 - (264,785) (357,097) 22,118,655
Investment in shares 645,752 - - (105,260) 540,492
Sekuritas Rupiah dan Valas
Bank Indonesia 138,791 (6,800) (530) - 131,461
Total 373,120,414 (1,776,230) 360,339 (552,566) 371,151,957
Page 62
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/48
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
14. INVESTMENT SECURITIES (continued)
The details of investment securities were as follows: (continued)
b. By currency
2025 2024
Rupiah 399,266,039 361,505,972
Foreign currencies 10,154,961 9,645,985
Total 409,421,000 371,151,957
As of 31 December 2024, investment securities included government bonds and Sekuritas Rupiah
Bank Indonesia with a carrying value of Rp 936,754 (par value of Rp 900,000) and Rp 285,504
(par value Rp 300,000), respectively, according to the agreement, The Bank must buy back the
government bonds on 2 January 2025 and 6 January 2025, also for Sekuritas Rupiah Bank
Indonesia on 13 January 2025. Carrying amount of liabilities (“securities sold under agreements to
repurchase”) in the consolidated statement of financial position amounted to Rp 1,330,996 as of
31 December 2024.
The detail of investment in mutual funds which owned by the Group which are classified by name
and total units are as follows:
2025 2024
Total Carrying Total Carrying
Investment in mutual funds units amount units amount
Reksa Dana Batavia Dana Kas Gebyar 388 1.572.862 137 528.923
Reksa Dana Tram Pundi Kas 2 671 1.065.308 350 528.250
Reksa Dana Terproteksi Syailendra Capital
Protected Fund 54 500 580.678 500 551.411
Reksa Dana Terproteksi Panin Proteksi 2038 500 528.781 500 502.968
Reksa Dana Terproteksi Ashmore Dana
Terproteksi Nusantara IV 500 520.117 500 515.943
Reksa Dana Terproteksi Bahana Centrum
Protected Fund 233 500 515.727 500 513.878
Reksa Dana Terproteksi Eastspring Bakti
Proteksi 1 500 513.256 500 509.665
Reksa Dana Terproteksi BNI-AM Proteksi
Amarilis 500 511.139 500 509.826
Reksa Dana Terproteksi BRI Proteksi 90 500 508.272 - -
Reksa Dana Terproteksi BRI Proteksi 85 500 507.178 - -
Reksa Dana Terproteksi Bahana Centrum
Protected Fund 227 500 507.040 500 506.898
Reksa Dana Terproteksi Trimegah Dana Berkala
12 500 506.832 500 506.585
Reksa Dana Terproteksi BRI MI Proteksi 103 500 506.754 500 502.991
Reksa Dana Terproteksi Allianz Capital Protected
Fund 62 500 506.673 500 506.140
Reksa Dana Terproteksi Schroder IDR Income
Plan VII 494 506.602 500 513.497
Reksa Dana Terproteksi Premier Proteksi XII 500 506.148 500 506.158
Reksa Dana Terproteksi BNI-AM Proteksi
Kamelia 500 505.737 500 505.233
Reksa Dana Terproteksi Mandiri Investa 3 499 504.890 499 503.893
Reksa Dana Terproteksi Manulife Proteksi Dana
Utama VII 500 503.820 500 502.255
Reksa Dana Terproteksi Manulife Proteksi Dana
Utama VIII 500 503.728 - -
Page 63
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/49
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
14. INVESTMENT SECURITIES (continued)
The detail of investment in mutual funds which owned by the Group which are classified by name
and total units owned are as follows: (continued)
2025 2024
Total Carrying Total Carrying
Investment in mutual funds (continued) units amount units amount
Reksa Dana Terproteksi Manulife Proteksi Dana
Utama VI 500 503.637 500 503.458
Reksa Dana Terproteksi Sucorinvest Proteksi 53 500 502.529 - -
Reksa Dana Terproteksi Batavia Proteksi
Maxima 51 460 470.167 500 510.296
Reksa Dana Terproteksi Bahana Centrum
Protected Fund 232 407 420.015 500 514.010
Reksa Dana Terproteksi Mandiri Investa 2 406 415.793 500 511.401
Reksa Dana Terproteksi Batavia Proteksi
Maxima 63 399 402.184 - -
Reksa Dana Terproteksi Trimegah Terproteksi
Dana Berkala 17 375 379.985
Reksa Dana Terproteksi Allianz Capital
Protected Fund 66 318 320.805 - -
Reksa Dana Terproteksi BNP Paribas Lumina
Proteksi Rupiah 2 300 303.589 - -
Reksa Dana Terproteksi Trimegah Terproteksi
Dana Berkala 11 258 273.524 500 517.211
Reksa Dana Terproteksi Batavia Proteksi
Maxima 50 255 264.750 500 513.715
Reksa Dana Terproteksi Trimegah Dana Berkala
16 250 256.690 250 252.424
Reksa Dana Syariah Trimegah Kas Syariah 140 210.323 105 150.146
Reksa Dana Terproteksi BNP Paribas Lumina
Proteksi Rupiah 200 203.652 200 203.454
Reksa Dana Terproteksi BRI MI Proteksi 108 200 202.451 - -
Reksa Dana Syariah Syailendra Money Market
Fund 67 100.095 - -
Reksa Dana Syariah Penyertaan Terbatas PNM
Pembiayaan Mikro BUMN Seri XIII 100 100.000 100 100.000
Reksa Dana Syariah Penyertaan Terbatas PNM
Pembiayaan Mikro BUMN Seri XIV 100 100.000 100 100.000
Reksa Dana Syariah Penyertaan Terbatas PNM
Pembiayaan Mikro BUMN Seri XIX 100 100.000 - -
Reksa Dana Terproteksi Allianz Capital
Protected Fund 65 65 66.175 65 66.032
Reksa Dana Syariah Penyertaan Terbatas PNM
Pembiayaan Mikro BUMN Seri XX 50 50.000 - -
Reksa Dana Syariah Majoris Pasar Uang
Syariah Indonesia 17 25.022 18 25.025
Reksa Dana Terproteksi Panin Proteksi 2031 - - 500 510.130
Reksa Dana Terproteksi Danareksa Proteksi 90 - - 500 507.718
Reksa Dana Terproteksi Danareksa Proteksi 85 - - 500 505.896
Reksa Dana BNP Paribas Obligasi Berlian - - 222 223.828
Reksa Dana Syariah Penyertaan Terbatas PNM
Pembiayaan Mikro BUMN Seri XII - - 100 100.000
Reksa Dana Bahana ABF Indonesia Bond Index
Fund - - 1 69.785
Reksa Dana Eastspring Syariah Fixed Income
Amanah Kelas A - - 7 10.322
Reksa Dana Syailendra Pendapatan Tetap
Premium - - 6 10.319
Reksa Dana BNP Paribas Prima II - - 9 10.232
Reksa Dana Schroder Prestasi Gebyar Indonesia
II - - 3 10.232
Page 64
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/50
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
14. INVESTMENT SECURITIES (continued)
The detail of investment in mutual funds which owned by the Group which are classified by name
and total units owned are as follows: (continued)
2025 2024
Total Carrying Total Carrying
Investment in mutual funds (continued) units amount units amount
Reksa Dana Sucorinvest Sharia Sukuk Fund - - 8 10.007
Reksa Dana Bahana Pendapatan Tetap Makara
Prima Kelas I - - 9 10.005
Reksa Dana BNP Paribas Sri Kehati - - 9 9.686
Total 17,552,928 14,672,963
Less:
Allowance for impairment losses (32,073) (15,538)
Total - net 17,520,855 14,657,425
The detail of investment in shares owned by the Group are as follows:
a. Based on counterparties:
2025 2024
Related parties 17,600 8,471
Third parties 694,462 637,281
Total 712,062 645,752
Allowance for impairment losses (105,416) (105,260)
Total - net 606,646 540,492
b. Based on nature of business and percentage of ownership:
2025 2024
Nature of Percentage of Carrying Percentage of Carrying
Company Name business ownership amount ownership amount
- PT Bank SMBC Indonesia Tbk Banking 1.03% 366,478 1.03% 366,478
- PT Bank HSBC Indonesia Banking 1.00% 184,025 1.06% 184,025
- PT Bank DBS Indonesia Banking 1.00% 56,400 1.00% 56,400
- PT Digital Otomotif Indonesia Marketplace 20.00% 17,600 20.00% 8,471
- PT Kliring Penjaminan Indonesia (“KPEI”) Capital Market 1.11% 20,000 1.11% 20,000
- PT Penyelesaian Transaksi Elektronik Nasional Services 17.50% 56,721 - -
- Others (respectively under Rp 8,000) Various 0.06% - 13.49% 10,838 0.06% - 13.49% 10,378
Total 712,062 645,752
Allowance for impairment losses (105,416) (105,260)
Total - net 606,646 540,492
Page 65
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/51
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
14. INVESTMENT SECURITIES (continued)
The detail of investment in shares owned by the Group are as follows: (continued)
c. Based on Staging:
2025 2024
Stage 1 710,292 643,982
Stage 3 1,770 1,770
Total 712,062 645,752
Allowance for impairment losses (105,416) (105,260)
Total - net 606,646 540,492
The average effective interest rates (yield) per annum for investment securities were as follows:
2025 2024
Foreign Foreign
Rupiah (%) currencies (%) Rupiah (%) currencies (%)
Measured at amortised cost:
Government bonds 6.46 4.36 6.34 3.65
T-bond USA - 4.67 - 4.22
Sukuk 6.49 2.48 6.19 1.46
Corporate bonds 7.98 7.94 8.04 -
Medium-term notes 6.99 - 6.85 -
Government Treasury Bills 6.34 - - -
Sharia Government Treasury Bills 5.25 - - -
Sekuritas Rupiah Bank Indonesia 6.40 - 6.76 -
Sekuritas Valas Bank Indonesia - 4.38 - 5.50
Others 8.92 - 7.26 -
Measured at fair value through
other comprehensive income:
Government bonds 7.22 4.51 7.16 3.87
Medium-term notes - - 6.26 -
Sukuk Bank Indonesia 6.95 - 7.24 -
Sukuk 7.49 4.43 7.13 4.29
Corporate bonds 7.87 6.91 7.81 -
Sekuritas Rupiah Bank Indonesia 5.30 - 7.46 -
Others 9.58 - - -
The movement of allowance for impairment losses of investment securities was as follows:
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance (450,796) - (101,770) (552,566)
Net changes in exposure (16,105) (37,632) (19,322) (73,059)
Foreign exchange difference (117) - - (117)
Ending balance (467,018) (37,632) (121,092) (625,742)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance (442,710) - (101,770) (544,480)
Net changes in exposure (8,070) - - (8,070)
Foreign exchange difference (16) - - (16)
Ending balance (450,796) - (101,770) (552,566)
Page 66
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/52
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
14. INVESTMENT SECURITIES (continued)
Management believes that the allowance for impairment losses is adequate.
The movement of unrealised gains (losses) from the change in fair value of investment securities
at fair value through other comprehensive income was as follows:
2025
Foreign
Rupiah currencies Total
Beginning balance - before deferred income tax 353,608 (15,681) 337,927
Addition of unrealised gains (losses)
during the year - net 2,167,766 12,616 2,180,382
Realised gains (losses) during the year - net 88,369 5,941 94,310
Foreign exchange difference - (158) (158)
Total before deferred income tax 2,609,743 2,718 2,612,461
Deferred income tax (Note 20) (500,557)
Ending balance - net 2,111,904
2024
Foreign
Rupiah currencies Total
Beginning balance - before deferred income tax 1,193,549 (21,762) 1,171,787
Addition of unrealised gains (losses)
during the year - net (881,245) 1,774 (879,471)
Realised gains (losses) during the year - net 41,304 4,754 46,058
Foreign exchange difference - (447) (447)
Total before deferred income tax 353,608 (15,681) 337,927
Deferred income tax (Note 20) (64,713)
Ending balance - net 273,214
The following table represents the summary of ratings and investment securities ratings owned
by the Bank:
2025 2024
Rating Rating Agency Rating Rating Agency
Indonesian Government BBB Fitch BBB Fitch
United States of America Government - - AA+ Fitch
PT Astra Sedaya Finance AAA Fitch AAA Pefindo
PT Bank KB Indonesia Tbk AAA Fitch - -
PT Bank Mandiri (Persero) Tbk AAA Pefindo AAA Pefindo
PT Bank Mandiri Taspen AAA Pefindo AA Fitch
PT Bank Negara Indonesia (Persero) Tbk AAA Pefindo AAA Pefindo
PT Bank Pan Indonesia Tbk AA Pefindo AA Pefindo
PT Bank Pembangunan Daerah
Jawa Timur Tbk AA- Pefindo - -
PT Bank Pembangunan Daerah Sulawesi
Selatan dan Sulawesi Barat A+ Pefindo A+ Pefindo
Page 67
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/53
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
14. INVESTMENT SECURITIES (continued)
The following table represents the summary of ratings and investment securities ratings owned
by the Bank:
2025 2024
Rating Rating Agency Rating Rating Agency
PT Bank Rakyat Indonesia (Persero) Tbk AAA Pefindo AAA Pefindo
PT Bank SMBC Indonesia Tbk AAA Pefindo AAA Pefindo
PT Bank SulutGo A Fitch A Fitch
PT Bank Syariah Indonesia Tbk AAA Pefindo - -
PT Barito Pacific Tbk A+ Pefindo A+ Pefindo
PT BFI Finance Indonesia Tbk AA- Fitch AA- Fitch
PT BRI Multifinance Indonesia AA Pefindo AA Pefindo
PT Bukit Makmur Mandiri Utama A+ Pefindo A+ Pefindo
PT Bumi Resources Tbk A+ Pefindo - -
PT Bumi Serpong Damai Tbk AA Pefindo - -
PT Bussan Auto Finance AAA Fitch AAA Pefindo
PT Chandra Asri Pacific Tbk AA- Pefindo AA- Pefindo
PT Dharma Satya Nusantara Tbk - - A Pefindo
PT Dian Swastatika Sentosa Tbk AA Pefindo AA Pefindo
PT Federal Internasional Finance AAA Pefindo AAA Pefindo
PT Indah Kiat Pulp & Paper Tbk A+ Pefindo A+ Pefindo
PT Indonesia Infrastructure Finance AAA Pefindo AAA Pefindo
PT Indonesian Paradise Property Tbk AAA Pefindo - -
PT Indosat Tbk - - AAA Pefindo
PT JACCS Mitra Pinasthika Mustika Finance Fitch
Indonesia Tbk AA Fitch AA Fitch
PT Jasa Marga A Pefindo - -
PT Kereta Api Indonesia (Persero) AAA Pefindo AAA Pefindo
PT Lautan Luas Tbk A Pefindo A Pefindo
PT Lontar Papyrus Pulp and Paper Industry A Pefindo A Pefindo
PT Mandiri Tunas Finance AAA Pefindo AAA Pefindo
PT Mayora Indah Tbk AA Pefindo AA Pefindo
PT Medco Energi International Tbk AA- Pefindo AA- Pefindo
PT Merdeka Battery Materials Tbk A Pefindo A Pefindo
PT Merdeka Copper Gold Tbk A+ Pefindo A+ Pefindo
PT Oki Pulp & Paper Mills A+ Pefindo A+ Pefindo
PT Omni Inovasi Indonesia Tbk Unrated Unrated Unrated Unrated
PT Oto Multiartha AAA Pefindo AAA Pefindo
PT Pegadaian AAA Pefindo AAA Pefindo
PT Permodalan Nasional Madani AAA Pefindo AA+ Pefindo
PT Petrosea Tbk A+ Pefindo A+ Pefindo
PT Pindo Deli Pulp Paper Mills A+ Pefindo - -
PT Petrindo Jaya Kreasi Tbk A Pefindo - -
PT Pos Indonesia (Persero) A Fitch A Fitch
PT Profesional Telekomunikasi Indonesia - - AAA Fitch
PT Pupuk Indonesia (Persero) AAA Pefindo AAA Pefindo
PT Sarana Multi Infrastruktur (Persero) AAA Pefindo AAA Pefindo
PT Sarana Multigriya Finansial (Persero) AAA Pefindo AAA Pefindo
PT Sinar Mas Agro Resources and
Technology Tbk AA- Pefindo AA- Pefindo
PT Steel Pipe Industry of Indonesia Tbk A Pefindo A Pefindo
PT Summarecon Agung Tbk A+ Pefindo A+ Pefindo
PT Surya Artha Nusantara Finance AA+ Fitch AA Pefindo
PT Tamaris Hidro AAA Pefindo AAA Pefindo
PT Tower Bersama Infrastructure Tbk AA+ Fitch AA+ Fitch
PT Toyota Astra Financial Services AAA Fitch AAA Fitch
PT XL Axiata Tbk - - AAA Fitch
Page 68
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/54
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
15. PREPAID EXPENSES
2025 2024
Prepaid rent 421,211 129,415
Prepaid insurance 8,597 33,816
Others 1,283,891 806,695
Total 1,713,699 969,926
There were no prepaid expenses for related parties.
16. FIXED ASSETS
Fixed assets consisted of:
2025
Beginning Ending
balance Addition Deduction Reclassification Revaluation balance
Acquisition cost/revaluation amount
Direct ownership
Land 15,848,370 2,425 (16,379) 59,448 263,707 16,157,571
Buildings 7,768,626 24,918 (8,335) 89,137 - 7,874,346
Office furnitures, fixtures,
and equipments 11,518,827 1,371,077 182,275 - - 13,072,179
Construction in progress 1,270,684 516,509 (179,097) (148,585) - 1,459,511
Right-of-use assets
Land 103 68 (11) - - 160
Buildings 1,743,720 536,213 (489,446) - - 1,790,487
38,150,330 2,451,210 (510,993) - 263,707 40,354,254
Accumulated depreciation
Direct ownership
Buildings (3,294,788) (344,704) 5,403 - - (3,634,089)
Office furnitures, fixtures,
and equipments (5,814,428) (1,648,961) 47,611 - - (7,415,778)
Right-of-use assets
Land (37) (60) 11 - - (86)
Buildings (790,453) (409,055) 368,891 - - (830,617)
(9,899,706) (2,402,780) 421,916 - - (11,880,570)
Net book value 28,250,624 28,473,684
2024
Beginning Ending
balance Addition Deduction Reclassification Revaluation balance
Acquisition cost/revaluation amount
Direct ownership
Land 15,505,840 12,033 (30,266) 123,096 237,667 15,848,370
Buildings 6,616,198 49,244 (25,167) 1,128,351 - 7,768,626
Office furnitures, fixtures,
and equipments 10,248,439 2,940,835 (1,670,447) - - 11,518,827
Construction in progress 2,827,584 563,619 (869,072) (1,251,447) - 1,270,684
Right-of-use assets
Land 107 4 (8) - - 103
Buildings 1,698,558 607,444 (562,282) - - 1,743,720
Office furnitures, fixtures,
and equipments 9,371 - (9,371) - - -
Motor vehicles 18,770 - (18,770) - - -
36,924,867 4,173,179 (3,185,383) - 237,667 38,150,330
Accumulated depreciation
Direct ownership
Buildings (3,004,164) (310,019) 19,395 - - (3,294,788)
Office furnitures, fixtures,
and equipments (6,226,332) (1,250,634) 1,662,538 - - (5,814,428)
Right-of-use assets
Land (13) (32) 8 - - (37)
Buildings (842,043) (456,713) 508,303 - - (790,453)
Office furnitures, fixtures,
and equipments (9,161) - 9,161 - - -
Motor vehicles (18,410) - 18,410 - - -
(10,100,123) (2,017,398) 2,217,815 - - (9,899,706)
Net book value 26,824,744 28,250,624
Page 69
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/55
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
16. FIXED ASSETS (continued)
Fixed assets consisted of: (continued)
As of 31 December 2025 and 2024, there are right-of-use assets - net for related parties amounting
to 230,160 and Rp 243,940, respectively (Note 45).
Construction in progress as of 31 December 2025 and 2024 were as follows:
2025 2024
Land 1,089,275 1,087,045
Buildings 175,907 79,850
Others 194,329 103,789
Total 1,459,511 1,270,684
Estimated percentage of the asset completion as of 31 December 2025 and 2024 were at 1% -
99%, respectively.
Revaluation of land assets
The Bank revalued its fixed assets in land category using external independent appraisal which
was performed in accordance with Indonesian Appraisal Standards (“SPI”), The Indonesian
Appraiser’s Code of Ethics (“KEPI”) and POJK No. 28/POJK.04/2021 regarding Valuation and
Presentation of Property Appraisal Report in the Capital Market.
The differences on land of revaluation in 2024 were recorded as “revaluation surplus of fixed
assets” and presented in other comprehensive income amounting to Rp 238,934. Net decrease of
carrying value arising from revaluation for the year 2024 amounting to Rp 1,267 were recorded in
the consolidated statements of profit or loss.
The differences on land of revaluation in 2025 were recorded as “revaluation surplus of fixed
assets” and presented in other comprehensive income amounting to Rp 254,503. Net increase of
carrying value arising from revaluation for the year 2025 amounting to Rp 9,204 were recorded in
the consolidated statements of profit or loss.
The fair value of land is determined based on market approach by comparing several comparable
land transactions that either have occurred or still in sales offering stage, by adjusting the
differences between fair value of land appraised and the comparable data and list of land price
that has been obtained. The value is also affected by the location, property rights, physical
characteristic, utilisation and other comparative elements.
The fair value measurement of the land is categorised as level 2 fair value based on the inputs to
the valuation technique used.
As of 31 December 2025 and 2024, the carrying value of Bank’s land if the land was recorded
using cost model amounting to Rp 4,570,935 and Rp 4,510,689, respectively.
Other information
The Bank did not have any fixed assets pledged as collateral.
Fixed assets disposal includes sales of assets are as follows:
2025 2024
Proceeds from sale 5,915 6,378
Net book value (11,210) (5,423)
Gain (loss) on sale (5,295) 955
Depreciation charged to general and administrative expenses for the years ended 31 December
2025 and 2024 amounting to Rp 2,411,177 and Rp 2,017,399, respectively.
Page 70
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/56
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
16. FIXED ASSETS (continued)
Gain on sale of fixed assets recognised as part of other operating income for the years ended 31
December 2025 and 2024 amounting to Rp 4,370 and Rp 2,682, respectively.
Loss on sale of fixed assets recognised as part of other operating expenses for the years ended
31 December 2025 and 2024 amounting to Rp 9,665 and Rp 1,726, respectively.
The Bank has insured its fixed assets (excluding land rights) to cover the possible losses from fire,
theft, and natural disaster with a total coverage of Rp 30,608,291 as of 31 December 2025, and
Rp 27,220,336 as of 31 December 2024. Management believes that the sum insured is adequate
to cover possible losses on the insured fixed assets.
As of 31 December 2025 and 2024, the cost of fully depreciated fixed assets that were still in use
amounting to Rp 2,754,719 and Rp 1,488,316, respectively.
As of 31 December 2025 and 2024, the Bank does not have fixed assets that are temporarily not
used, nor fixed assets that are discontinued from active use which not classified as available for
sale.
Management believes, there is no impairment losses on fixed assets during 2025 and 2024.
Right-of-Use
As at 31 December 2025 and 2024, the finance lease liability in the Group's financial position
amounting to Rp 283,587 and Rp 302,470 was recorded as accruals and other liabilities (Note 23).
Interest expense on the finance lease liabilities as of 31 December 2025 and 2024 amounting to
Rp 21,553 and Rp 21,495 recorded as part of interest and sharia expense (Note 29).
17. INTANGIBLE ASSETS
2025 2024
Software 1,737,437 1,559,495
Goodwill 1,158,201 1,158,201
Others 6,981 4,979
Total 2,902,619 2,722,675
Amortisation of software (1,123,847) (917,036)
Total - net 1,778,772 1,805,639
18. OTHER ASSETS
2025 2024
Accrued interest income 9,167,872 8,326,105
Receivables related to ATM and credit card transactions 3,499,738 3,906,220
Term Deposits of Foreign Exchange from
Export Proceeds 2,688,844 3,082,192
Foreclosed assets 2,250,820 1,859,220
Insurance contract assets 642,232 588,163
Receivables from customer transactions 612,303 341,152
Others 8,366,306 6,583,390
Total 27,228,115 24,686,442
Allowance for impairment losses (1,978) (23,194)
Total - net 27,226,137 24,663,248
Page 71
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/57
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
18. OTHER ASSETS (continued)
Accrued interest income consists of interest income from the placement, securities, government
bonds, loans, and assets from sharia transactions.
Receivables related to ATM and credit card transactions consist of receivables arising from ATM
transactions within ATM Bersama, Prima and Link network as well as receivables from Visa and
Master Card for credit card transactions.
Insurance contract assets represents balance arising from insurance/reinsurance activities of the
Subsidiaries.
Receivables from customer transactions represent receivables arising from the Subsidiaries’
securities trading transactions.
Term deposits of foreign exchange from export proceeds is an instrument where foreign exchange
from export proceeds from exporters' special account are placed in Bank Indonesia through Bank's
accounts in accordance with market mechanism.
Others mainly consist of unaccepted bills receivable, abandoned properties, interoffice accounts,
receivables from sales of investment in shares, Receivables from collateral vehicles repossed,
various form of recesivables from transaction with third parties, including clearing transactions, and
others.
Movement of allowance for impairment losses on other assets are as follows:
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance (3,135) (4,185) (15,874) (23,194)
Transfer to 12 months expected
credit losses (Stage 1) - 1,810 2,129 3,939
Net changes in exposure 1,219 2,375 13,745 17,339
Foreign exchange difference (62) - - (62)
Ending balance (1,978) - - (1,978)
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance (3,021) - - (3,021)
Transfer to 12 months expected
credit losses (Stage 1) - 4,219 - 4,219
Net changes in exposure (180) (8,404) (15,874) (24,458)
Foreign exchange difference 66 - - 66
Ending balance (3,135) (4,185) (15,874) (23,194)
Management believes that the allowance for impairment losses provided is adequate.
Other assets from related parties are disclosed in Note 45.
Page 72
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/58
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
19. DEPOSITS FROM CUSTOMERS AND OTHER BANKS
a. Deposits from customers
2025 2024
Foreign Foreign
Rupiah currencies Total Rupiah currencies Total
Demand deposits 385,281,724 45,728,791 431,010,515 318,448,085 40,987,264 359,435,349
Savings 585,468,736 22,650,819 608,119,555 540,349,411 19,272,715 559,622,126
Time deposits 179,444,343 15,224,668 194,669,011 186,951,265 14,604,927 201,556,192
Total 1,150,194,803 83,604,278 1,233,799,081 1,045,748,761 74,864,906 1,120,613,667
Deposits from customers from related parties are disclosed in Note 45.
b. Deposits from other banks
2025 2024
Foreign Foreign
Rupiah currencies Total Rupiah currencies Total
Demand deposits 1,880,528 1,564,692 3,445,220 2,078,699 1,531,742 3,610,441
Time deposits 35,857 - 35,857 45,857 - 45,857
Interbank call money 485,000 - 485,000 - - -
Total 2,401,385 1,564,692 3,966,077 2,124,556 1,531,742 3,656,298
The Bank did not have balances of deposits from other banks from related parties.
c. The average effective interest rates (yield) per annum for deposits from customers and other
banks were as follows:
2025 2024
Foreign Foreign
Rupiah currencies Rupiah currencies
(%) (%) (%) (%)
Deposits from customers:
Demand deposits 0.94 0.80 0.79 0.61
Savings 0.09 0.32 0.07 0.35
Time deposits 3.02 2.02 3.13 2.12
Deposits from other banks:
Demand deposits 0.40 0.01 0.46 0.01
Time deposits 1.88 - 2.03 -
Interbank call money 5.24 - - -
d. Time deposits based on maturity period:
2025 2024
Foreign Foreign
Rupiah currencies Total Rupiah currencies Total
1 month 130,683,773 12,428,813 143,112,586 123,359,199 11,201,103 134,560,302
3 months 42,770,510 1,871,894 44,642,404 57,585,594 2,337,650 59,923,244
6 months 3,407,849 660,453 4,068,302 3,482,289 786,232 4,268,521
12 months 2,618,068 263,508 2,881,576 2,570,040 279,942 2,849,982
Total 179,480,200 15,224,668 194,704,868 186,997,122 14,604,927 201,602,049
e. Time deposits based on remaining period until maturity date:
2025 2024
Foreign Foreign
Rupiah currencies Total Rupiah currencies Total
Up to 1 month 145,403,078 13,067,647 158,470,725 142,376,626 11,923,673 154,300,299
> 1 - 3 months 30,265,412 1,666,777 31,932,189 40,873,549 2,138,306 43,011,855
> 3 - 6 months 2,345,750 361,696 2,707,446 2,284,886 395,052 2,679,938
> 6 - 12 months 1,465,960 128,548 1,594,508 1,462,061 147,896 1,609,957
Total 179,480,200 15,224,668 194,704,868 186,997,122 14,604,927 201,602,049
Page 73
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/59
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
19. DEPOSITS FROM CUSTOMERS AND OTHER BANKS (continued)
f. Deposits pledged as collateral to loans granted by the Bank as of 31 December 2025 and
2024 (Note 12) were as follows:
2025 2024
Demand deposits 15,936,954 7,647,247
Savings 2,369,908 1,539,515
Time deposits 8,245,830 9,278,370
Total 26,552,692 18,465,132
20. INCOME TAX
a. Prepaid tax
2025 2024
Bank 72,843 1,532,246
Subsidiaries 4,158 29,929
Total 77,001 1,562,175
b. Tax payable
2025 2024
Current tax payable
Bank:
Corporate income tax payable - Article 25 1,056,339 -
Corporate income tax payable - Article 29 657,897 -
Subsidiaries:
Corporate income tax payable - Article 25/29 135,710 22,117
Total current tax payable 1,849,946 22,117
Other tax payable
Bank:
Income tax
Article 21 131,366 39,874
Article 23 351,070 347,122
Article 26 385,355 4,564
Others 125,864 102,008
Total 993,655 493,568
Subsidiaries 99,589 110,670
Total other tax payable 1,093,244 604,238
Total tax payable 2,943,190 626,355
Page 74
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/60
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
20. INCOME TAX (continued)
c. Tax expenses
2025 2024
Current tax:
Current year
Bank*) 13,635,864 10,546,025
Subsidiaries 704,348 720,092
Total current tax 14,340,212 11,266,117
Deferred tax:
Origination (recovery) of temporary differences
Bank (565,605) 2,165,591
Subsidiaries (76,824) (65,132)
Total deferred tax (642,429) 2,100,459
Total tax expenses 13,697,783 13,366,576
*) Included in the current tax expense, the Bank made corrections to for the 2023 SPT and has made payments with
total underpayment of Rp 171,504 in 2025 (2024: for the 2020 and 2022 SPT with total underpayment of Rp
254,764).
The Group has no exposure to the application on the Regulation of the Minister of Finance of the
Republic of Indonesia Number 136 of 2024 which was issued on 31 December 2024 (“PMK-136
of year 2024 or Pillar Two") which has come into effect from 1 January 2025.
d. The bank has fulfilled the requirements in Law number 7 of 2021 dated 29 October 2021
concerning Harmonisation of Tax Regulations, to obtain a reduction in PPh rates of 3% (three
percent) becomes 19%.
Fulfilment of these requirements is carried out by Public Company Taxpayers by submitting
reports to the Directorate General of Taxes, including: monthly reports of share ownership of
issuers or public companies and recapitulation that has been reported from the Securities
Administration Bureau.
On 5 January 2026 and 6 January 2025, the Bank received a declaration letter from the
Securities Administration Bureau for the fulfilment of the above criteria for fiscal year 2025
and 2024, respectively.
Page 75
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/61
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
20. INCOME TAX (continued)
e. The reconciliation of consolidated accounting income before tax and taxable income of the
Bank was as follows:
2025 2024
Consolidated accounting income before tax 71,260,876 68,217,850
Elimination 2,162,533 2,445,861
Before elimination 73,423,409 70,663,711
Subsidiary’s accounting income before tax (3,253,952) (3,245,713)
Accounting income before tax - Bank only 70,169,457 67,417,998
Permanent differences:
Employees' welfare 95,550 71,802
Rent income (45,919) (48,249)
Dividends from Subsidiaries (2,200,226) (2,402,602)
Interest income from off-shore
government bonds (14,059) (25,840)
Other expense (income) which cannot be deducted
for tax calculation purposes - net (116,617) 549,273
(2,281,271) (1,855,616)
Temporary differences:
Post-employment benefits obligation 70,553 133,855
Allowance for Impairment losses on financial assets 2,397,678 (12,316,400)
Allowance for Impairment losses on
non-financial assets 129,157 (523)
Accrued employees' benefits 99,481 280,999
Unrealised losses on investment securities and
placement with other banks measured at fair
value through profit or loss (247,597) (72,198)
Other income which cannot be deducted
for tax calculation purposes - net 527,594 576,422
2,976,866 (11,397,845)
Taxable income 70,865,052 54,164,537
f. The reconciliation between consolidated accounting income before tax multiplied by the
applicable maximum tax rate and income tax expense was as follows:
2025 2024
Consolidated accounting income before tax 71,260,876 68,217,850
Maximum tax rate 22% 22%
15,677,393 15,007,927
Permanent differences at 22% - Bank (501,880) (408,237)
Permanent differences at 22% - Subsidiaries 387,412 478,993
15,562,925 15,078,683
Adjustment of corporate income tax rate -
Bank (Note 20d) (2,036,646) (1,966,871)
Others 171,504 254,764
Income tax expense - consolidated 13,697,783 13,366,576
Page 76
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/62
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
20. INCOME TAX (continued)
g. The calculation of current tax and income tax payable were as follows:
2025 2024
Taxable income:
Bank 70,865,052 54,164,535
Subsidiaries 3,201,582 3,273,145
74,066,634 57,437,680
Current tax:
Bank 13,635,864 10,291,262
Subsidiaries 704,348 720,092
14,340,212 11,011,354
Prepaid income taxes:
Bank (11,921,628) (11,766,013)
Subsidiaries (568,638) (697,975)
(12,490,266) (12,463,988)
Difference (over)/under payment:
Bank 1,714,236 (1,474,751)
Subsidiaries 135,710 22,117
Annual Tax Return (“SPT”) of Corporate Income Tax for fiscal year 2025 has not yet been
submitted. Taxable income results from reconciliation above is the basis in filling the Bank’s
Annual Tax Return (“SPT”) of Corporate Income Tax for the year ended 31 December 2025.
The calculations of income tax for the year ended 31 December 2024 conform to the Bank’s
Annual Tax Returns (“SPT”).
h. The significant items of deferred tax assets and liabilities as of 31 December 2025 and
2024 were as follows:
Recognised in
Recognised in current year
current year other comprehensive
2024 profit or loss income 2025
Deferred tax assets
Parent entity - Bank:
Post-employment benefits obligations 831,186 13,405 - 844,591
Allowance for impairment losses
of financial assets 2,004,014 458,485 - 2,462,499
Allowance for impairment losses
of non-financial assets 131,903 24,540 - 156,443
Accrued employees’ benefits 817,083 18,901 - 835,984
Depreciation on fixed assets (53,947) (68,817) - (122,764)
Unrealised gain (losses) on investment
securities and placement with other
banks measured at fair value through
other comprehensive income (65,882) - (381,257) (447,139)
Remeasurements of defined benefit
obligation 868,107 - 150,763 1,018,870
Unrealised gains (losses) on investment
securities and placement with other
banks measured at fair value through
profit or loss (30,757) (47,044) - (77,801)
Fiscal correction regarding SFAS 116 17,549 (5,478) - 12,071
Others 661,920 171,613 - 833,533
Deferred tax assets - net 5,181,176 565,605 (230,494) 5,516,287
Page 77
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/63
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
20. INCOME TAX (continued)
h. The significant items of deferred tax assets and liabilities as of 31 December 2025 and
2024 were as follows: (continued)
Recognised in
Recognised in current year
current year other comprehensive
2024 profit or loss income 2025
Deferred tax assets (continued) 5,181,176 565,605 (230,494) 5,516,287
Subsidiaries:
PT BCA Finance 59,552 36,365 (1,522) 94,395
PT BCA Sekuritas 13,220 1,824 (4,644) 10,400
PT Bank BCA Syariah 89,096 9,369 (22,866) 75,599
PT Asuransi Umum BCA 74,901 (7,084) (905) 66,912
PT Asuransi Jiwa BCA 34,848 4,286 (24,764) 14,370
PT Bank Digital BCA 35,507 31,820 (248) 67,079
PT Central Capital Ventura 6,908 244 12 7,164
Deferred tax assets - net 314,032 76,824 (54,937) 335,919
Total deferred tax assets - net 5,495,208 642,429 (285,431) 5,852,206
Recognised in
Recognised in current year
current year other comprehensive
2023 profit or loss income 2024
Deferred tax assets
Parent entity - Bank:
Post-employment benefits obligations 805,753 25,433 - 831,186
Allowance for impairment losses
of financial assets 4,344,130 (2,340,116) - 2,004,014
Allowance for impairment losses
of non-financial assets 132,003 (100) - 131,903
Accrued employees’ benefits 763,693 53,390 - 817,083
Depreciation on fixed assets 9,868 (63,815) - (53,947)
Unrealised gain (losses) on investment
securities and placement with other
banks measured at fair value through
other comprehensive income (219,058) - 153,176 (65,882)
Remeasurements of defined benefit
obligation 882,253 - (14,146) 868,107
Unrealised gains (losses) on investment
securities and placement with other
banks measured at fair value through
profit or loss (17,039) (13,718) - (30,757)
Fiscal correction regarding SFAS 116 15,730 1,819 - 17,549
Others 490,404 171,516 - 661,920
Deferred tax assets - net 7,207,737 (2,165,591) 139,030 5,181,176
Subsidiaries:
PT BCA Finance 39,838 22,991 (3,277) 59,552
PT BCA Sekuritas 2,568 7,973 2,679 13,220
PT Bank BCA Syariah 58,501 27,839 2,756 89,096
PT Asuransi Umum BCA 64,691 10,196 14 74,901
PT Asuransi Jiwa BCA 30,264 2,074 2,510 34,848
PT BCA Multi Finance 13,749 (15,529) 1,780 -
PT Bank Digital BCA 30,289 6,285 (1,067) 35,507
PT Central Capital Ventura 3,599 3,303 6 6,908
Deferred tax assets - net 243,499 65,132 5,401 314,032
Total deferred tax assets - net 7,451,236 (2,100,459) 144,431 5,495,208
The amount of deferred tax assets of the Bank and subsidiaries, is included in total deferred tax
asset (liability) arising from unrealised gain (loss) from changes in fair value of investment
securities measured at fair value through other comprehensive income (Note 14) amounting to
Rp (447,850) and Rp (46,677) as of 31 December 2025, respectively, and Rp (55,500) and Rp
1,224 as of 31 December 2024.
Moreover, included in total deferred tax asset of the Bank was deferred tax asset (liability)
arising from unrealised gain (loss) from changes in fair value of placements with Bank
Indonesia and other banks at fair value through other comprehensive income (Note 7)
amounting to Rp 711 and Rp nil as of 31 December 2025 and 2024, respectively.
Management believes that total deferred tax assets arising from temporary differences are
probable to be realised in the future years.
Page 78
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/64
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
20. INCOME TAX (continued)
i. In accordance with the provision of Indonesian taxation laws, the Group in Indonesia calculate,
pay, and report individual company tax return (submission of consolidated income tax
computation is not allowed) on the basis of self-assessment. The tax authorities may assess
or amend taxes within the statute of limitations, under prevailing regulations.
j. The Group tax positions may be challenged by the tax authorities. Management vigorously
defends the Group tax positions which are believed to be grounded on technical basis, and in
compliance with the tax regulations. Accordingly, management believes that the accruals for
tax liabilities are adequate for all open fiscal years based on the assessment of various
factors, including interpretations of tax law, other tax provisions and prior experience. This
assessment relies on estimates and assumptions and may involve judgment about future
events. New information may become available that causes management to change its
judgment regarding the adequacy of existing tax liabilities. The changes to tax liabilities will
impact tax expense in the period in which such determination is made.
k. Other Information
1. Tax Inspection
Fiscal Year 2021
On 10 September 2024, the Directorate General of Taxes issued a field inspection
notification letter for the 2021 tax year to the Bank. For the tax examination for fiscal year
2021, Directorate General of Taxes through Tax Assessment Letter (“SKP”) and Tax
Collection Letter (“STP”) dated 15 August 2025, has determined tax underpayment with
detail as follows:
a. Income Tax (including Corporate Income Tax) amounted Rp 754,660.
b. Value Added Tax (“VAT”) amounted Rp 6,577.
Fiscal Year 2024
On 4 September 2025, the Directorate General of Taxes issued a field inspection
notification letter for the 2024 tax year to the Bank.
2. Tax Objection
Fiscal Year 2021
On 12 September 2025, Bank has made payments of the SKP and STP amounting to
Rp 761,237. Of these payments, amounting to Rp 76,548 was not objected and was
charged in 2025, the remaining amount of Rp 684,689 was objected to on 13 November
2025 and recorded as other assets.
3. Tax Appeal and Judicial Review
Fiscal Year 2016
The Bank has filed an appeal against the tax objection that was not accepted by the Directorate
General of Taxes on 7 December 2020, amounting to Rp 735,407. On 30 August 2024, the
Tax Court rejected the Bank's appeal amounting to Rp 48,774, while the remainder has not
been decided by the Tax Court until the date of publication of the consolidated financial
statements. The Bank filed a Judicial Review to the Supreme Court on 5 December 2024, for
the rejected appeal amounting to Rp 48,774. Of the taxes amounting to Rp 48,774 that have
been submitted for Judicial Review (Peninjauan Kembali), only Rp 3,605 has been accepted
by the Supreme Court and was received by the Bank on 27 November 2025, with the decision
in favor of the Bank.
Page 79
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/65
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
20. INCOME TAX (continued)
k. Other Information (continued)
3. Tax Appeal and Judicial Review (continued)
Fiscal Year 2017
The Bank has filed an appeal against the tax objection that was not accepted by the
Directorate General of Taxes on 25 February 2022, amounting to Rp 709,060. On
27 September 2024, the Tax Court partially accepted the Bank's appeal amounting to
Rp 47,724, while the remainder has not been decided by the Tax Court until the date of
publication of the consolidated financial statements. Of the amount that has been
decided, Rp 27,499 was received, while Rp 20,225 was not received and will be
submitted for Judicial Review (Peninjauan Kembali) by the Bank to the Supreme Court on
10 January 2025.
Fiscal Year 2018
The Bank has filed an appeal to the Tax Court on 19 February and 14 May 2025
amounting to Rp 77,362 and Rp 392,940. As of the date of the consolidated financial
statements, the decision of the Tax Court has not yet been issued.
21. BORROWINGS
Borrowings received by the Group were as follows:
By type and currency:
2025 2024
(1) Liquidity loans from Bank Indonesia, Rupiah:
Agriculture loans (Kredit Usaha Tani/"KUT"),
due date between 13 March 2000 up to
22 September 2000, in the process of closing
the agreement 577 577
(2) Borrowings from other banks:
Rupiah:
Citibank, N.A. 650,000 -
MUFG Bank, Ltd 435,000 -
PT Bank Mizuho 360,000 750,000
PT Bank UOB Indonesia 300,000 -
PT Bank Artha Graha Internasional Tbk 200,000 -
PT Bank Nationalnobu Tbk 100,000 -
PT Bank KEB Hana Indonesia 334 10,556
PT Bank SMBC Indonesia Tbk - 700,000
PT Bank China Construction Bank Indonesia Tbk - 285,779
PT Bank Ina Perdana Tbk - 200,000
2,045,334 1,946,335
Foreign currencies:
PT Bank Danamon Indonesia Tbk - 252,509
2,045,334 252,509
2,045,334 2,198,844
Page 80
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/66
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
21. BORROWINGS (continued)
Borrowings received by the Group were as follows: (continued)
By type and currency: (continued)
2025 2024
(3) Others:
Foreign currencies 1,525 43,095
1,525 43,095
Total 2,047,436 2,242,516
The average effective interest rates (yield) per annum for borrowings were as follows:
2025 2024
Rupiah 6.32% 5.49%
Foreign currencies - 6.00%
The Group does not have any borrowing balance from other banks from related parties.
(1) Rupiah liquidity loans from Bank Indonesia
Rupiah liquidity loans from Bank Indonesia represent credit facilities obtained by the Bank
as a national private bank in Indonesia, to be distributed to qualified Indonesian debtors under
the loan facility program.
(2) Borrowings from other banks
Represent working capital loans of Subsidiaries. The details of borrowing facilities received
were as follows:
Bank Total facility Maturity date of facility
2025 2024 2025 2024
Rupiah:
PT Bank Mandiri (Persero) Tbk 500,000 500,000 24-May-2026 24-May-2025
PT SMBC Indonesia Tbk 800,000 800,000 30-May-2026 31-May-2025
PT Bank China Construction
Bank Indonesia Tbk - 285,779 - 17-Jul-2027
PT Bank Danamon Indonesia Tbk *) 250,000 250,000 12-Nov-2026 24-Dec-2024
PT Bank UOB Indonesia *) 475,000 475,000 21-Sep-2026 21-Sep-2025
PT Bank Mizuho Indonesia *) 750,000 750,000 22-Nov-2026 22-Nov-2025
PT Bank Pan Indonesia Tbk - 500,000 - 4-Aug-2025
PT Bank Ina Perdana Tbk 200,000 200,000 16-Dec-2026 16-Dec-2025
PT Bank Nationalnobu Tbk 100,000 100,000 24-Feb-2026 24-Feb-2025
PT Bank KEB Hana Indonesia 334 10,556 30-Jan-2026 30-Jan-2026
MUFG Bank, Ltd 500,000 - 20-Mar-2026 -
PT Bank Artha Graha Internasional Tbk 200,000 - 19-Nov-2026 -
Citibank, N.A. 940,000 - 20-Mar-2026 -
Foreign currencies (full amount):
Citibank, N.A, - Indonesia Branch*) - USD 60,000,000 - 20-Mar-2025
*) Available to be withdrawn partially in US Dollar/Rupiah
Page 81
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/67
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
21. BORROWINGS (continued)
(2) Borrowings from other banks (continued)
Group had no consumer financing receivables which were pledged as collaterals from
other banks.
All loan agreements above are include certain covenants which are normally required for
such credit facilities, such as limitations to initiate merger or consolidation with other parties,
obtain loans from other parties except loans obtained in the normal course of business, or
changes its capital structure and/or Articles of Association without notification to/prior
written approval from the creditors and maintenance of certain agreed financial ratios.
The required financial ratios was as follows:
2025 2024
Requirement Fulfilment Requirement Fulfilment
1. Debt to Equity Maximum 10 times < 1 time Maximum 10 times < 1 time
2. Receivable to Total Assets Minimum 40% 91.38% Minimum 40% 86.29%
3. Current ratio Minimum 1.1 times 1.43 times Minimum 1.1 times 1.72 times
4. Non performing financing (“NPF”) Maximum 5% 2.37% Maximum 5% 2.88%
of total receivables of total receivables
The range of contractual interest rates for borrowings from other banks was as follows:
2025 2024
Rupiah 4.75% - 8.25% 5.90% - 8.50%
Foreign currencies - 5.90%
22. ESTIMATED LOSSES FROM COMMITMENTS AND CONTINGENCIES
Estimated losses from commitments and contingencies consist of:
a. By type
2025 2024
Unused credit facilities 2,814,844 2,898,326
Bank guarantees issued 26,746 31,245
Irrevocable Letters of Credit Facilities 25,319 45,616
Total 2,866,909 2,975,187
b. By currencies
2025 2024
Rupiah 2,651,861 2,720,671
Foreign currencies 215,048 254,516
Total 2,866,909 2,975,187
c. By relationship
2025 2024
Related parties 14,094 4,030
Third parties 2,852,815 2,971,157
Total 2,866,909 2,975,187
Page 82
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/68
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
22. ESTIMATED LOSSES FROM COMMITMENTS AND CONTINGENCIES (continued)
Estimated losses from commitments and contingencies consist of: (continued)
d. Changes in estimated losses from commitments and contingencies
2025
Stage 1 Stage 2 Stage 3 Total
Beginning balance 2,815,315 130,551 29,321 2,975,187
Transfer to lifetime expected credit
losses (Stage 2) (34,414) 201,469 - 167,055
Transfer to credit
impaired (Stage 3) (1,196) (39,901) 276 (40,821)
Transfer to 12 months expected
credit losses (Stage 1) 16,026 (61,948) - (45,922)
Net changes in exposure (60,312) (114,862) (22,040) (197,214)
Foreign exchange difference 7,088 993 543 8,624
Ending balance 2,742,507 116,302 8,100 2,866,909
2024
Stage 1 Stage 2 Stage 3 Total
Beginning balance 3,181,093 148,170 42,411 3,371,674
Transfer to lifetime expected credit
losses (Stage 2) (27,752) 146,900 - 119,148
Transfer to credit
impaired (Stage 3) (1,402) (37,003) 1,892 (36,513)
Transfer to 12 months expected
credit losses (Stage 1) 17,879 (87,636) - (69,757)
Net changes in exposure (363,030) (41,276) (16,576) (420,882)
Foreign exchange difference 8,527 1,396 1,594 11,517
Ending balance 2,815,315 130,551 29,321 2,975,187
Management believes that the allowance for impairment losses is adequate.
23. ACCRUALS AND OTHER LIABILITIES
2025 2024
Insurance contract liabilities 4,666,685 3,638,450
Unearned revenue 3,989,879 3,758,457
Term Deposits of Foreign Exchange from
Export Proceeds 2,688,844 3,082,192
Liabilities related to ATM and credit card transactions 2,418,312 2,411,852
Electronic money 1,494,432 1,369,505
Customers transfer transactions 1,396,243 1,952,908
Liabilities from customer transactions 856,449 207,610
Security deposits 308,370 275,896
Finance lease liabilities (Note 16, 37) 283,587 302,470
Accrued interest expenses 252,056 290,439
Others 10,914,078 10,225,670
Total 29,268,935 27,515,449
Page 83
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/69
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
23. ACCRUALS AND OTHER LIABILITIES (continued)
Liabilities related to ATM and credit card transactions consist of liabilities on ATM transactions
within ATM Bersama, Prima and Link, and liabilities to Master Card and Visa for credit card
transactions.
Unearned revenue consists of income from loan commission.
Insurance contract liabilities represents balance arising from insurance/reinsurance activities of
the subsidiaries.
Electronic money represents liabilities of the Bank from cash deposited by customers electronically
and not considered as deposits as stipulated in banking laws.
Accrued interest expenses consist of accrued interest from deposits from customers and other
banks, derivatives, borrowings, securities sold under repurchase agreement and subordinated
bonds.
Liabilities from customer transactions represent liabilities of Subsidiaries for trading securities
transactions, which consist of liabilities to PT Kliring Penjaminan Efek Indonesia (“KPEI”) related
to purchase of securities transactions and deposits rendered by Subsidiaries, and liabilities from
customer transactions related to selling of securities transactions that will be matured in a short
period, usually in 2 (two) days from date of trading.
The security deposit is a guarantee of cash deposited by customers from export-import transaction
and issuance of bank guarantees.
Finance lease liabilities represent lease liabilities related to the implementation of SFAS 116.
Term deposits of foreign exchange from export proceeds is an instrument where foreign exchange
from export proceeds from exporters' special account are placed in Bank Indonesia through Bank's
accounts in accordance with market mechanism.
Customer transfer transactions are liabilities arising from clearing, inward remittance and outward
remittance transactions that have not been settled.
Others mainly consist of short-term liabilities to employee, interoffice accounts, deposit and
unsettled transactions.
24. SUBORDINATED BONDS
2025 2024
Bank Central Asia Continuous
Subordinated Bonds I Phase I Year 2018 65,000 500,000
Total 65,000 500,000
Page 84
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/70
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
24. SUBORDINATED BONDS (continued)
The details of subordinated bonds were as follows:
Effective and
Instruments issued date Approval Principal amount Terms Maturity date Interest rate
Bank Central Asia Effective date No. S-03825/ Rp 435,000 7 Years 5 July 2025 7.75%
Continuous 26 June 2018 BEI.PP2/07-2018
Subordinated Issued date
Bonds I Phase I 5 July 2018
Year 2018 -
Series A
Bank Central Asia Effective date No. S-03825/ Rp 65,000 12 Years 5 July 2030 8.00%
Continuous 26 June 2018 BEI.PP2/07-2018
Subordinated Issued date
Bonds I Phase I 5 July 2018
Year 2018 -
Series B
Bank Central Asia Continuous Subordinated Bonds I Phase I Year 2018 – Series A reached its
maturity on 5 July 2025.
Interest of Bank Central Asia Continuous Subordinated Bonds I Phase I Year 2018 - Series A and
B are paid quarterly since the issuance date, with no option of accelerating the Subordinated Bonds
interest payment. The first payment of interest was due on 5 October 2018. Bank Central Asia
Continuous Subordinated Bonds I Phase I Year 2018 - Series A and B can be calculated as
supplementary capital (Tier 2) based on OJK Regulation No. 11/POJK.03/2016 and to increase
collection structure of long-term funding. The proceeds from issuance of Bank Central Asia
Continuous Subordinated Bonds I Phase I Year 2018 - Series A and B will be used to grow the
Bank's business, especially for credit expansion.
The trustee of the above subordinated bonds is PT Bank Rakyat Indonesia (Persero) Tbk that is
not a related party to the Bank.
Based on the result of long-term debt rating by PT Pemeringkat Efek Indonesia (PT Pefindo), the
rating of subordinated bonds is as follows:
2025 2024
Rating Rating
Description Rating Period Rating Period
Bank Central Asia Continuous
Subordinated Bonds I 3 March 2025 - 8 March 2024 -
Phase I Year 2018 idAA 1 March 2026 idAA 1 March 2025
The Trusteeship Agreement provides several negative covenants that should be complied by the
Bank among others, prior to the repayment of the bonds payable, without the written consent from
the Trustee, the Bank is not allowed to:
a. Pledge majority or all of the Bank's present or future income or assets outside Bank's main
business, except if the actions are performed to meet regulatory requirements or related with
short term liquidity borrowing or related with the Bank's option for recovery plan;
b. Change the Bank main business;
Page 85
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/71
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
24. SUBORDINATED BONDS (continued)
The Trusteeship Agreement provides several negative covenants that should be complied by the
Bank among others, prior to the repayment of the bonds payable, without the written consent from
the Trustee, the Bank is not allowed to: (continued)
c. Reduce authorised capital and paid-up capital unless the reduction is made on the basis of a
request from the Government of Indonesia or authority order (include but not limited to BI,
OJK, the Minister of Finance in the Republic of Indonesia and/or monetary authorities as well
as restructuring authorities in the Banking sector in accordance with the prevailing laws in
Indonesia);
d. Merger or consolidation with other companies which cause dilution of the Bank.
As of 31 December 2025 and 2024, the Bank was in compliance with all significant covenants in
relation to the subordinated debts agreements. Payments of interest had been paid on a timely
basis.
25. SHARE CAPITAL
The composition of the Bank’s share capital as of 31 December 2025 and 2024 were as follows:
2025 2024
Number of shares Total par value Number of shares Total par value
Share capital – par value at Rp 12.50
(full amount) per share 440,000,000,000 5,500,000 440,000,000,000 5,500,000
Unissued (316,724,950,000) (3,959,062) (316,724,950,000) (3,959,062)
Outstanding shares (issued and fully paid) 123,275,050,000 1,540,938 123,275,050,000 1,540,938
The composition of shareholders as of 31 December 2025 and 2024 were as follows:
2025
Number of
shares Total par value %
*)
PT Dwimuria Investama Andalan 67,729,950,000 846,624 54.94
Commissioners
Jahja Setiaatmadja 34,933,644 437 0.03
Tonny Kusnadi 7,502,058 94 0.01
Directors
Gregory Hendra Lembong 1,531,282 19 0.00
Armand W. Hartono 4,256,065 53 0.00
John Kosasih 1,094,492 14 0.00
Subur Tan 11,169,044 140 0.01
Rudy Susanto 3,431,711 43 0.00
Lianawaty Suwono 2,840,417 35 0.00
Santoso 3,269,028 41 0.00
Vera Eve Lim 2,731,601 34 0.00
Haryanto Tiara Budiman 1,057,378 13 0.00
Frengky Chandra Kusuma 2,429,926 30 0.00
Antonius Widodo Mulyono 440,838 6 0.00
Hendra Tanumihardja 193,206 2 0.00
Public shareholders**) 55,206,202,510 690,078 44.80
123,013,033,200 1,537,663 99.79
Treasury stock, par value 262,016,800 3,275 0.21
Total 123,275,050,000 1,540,938 100.00
*) The shareholders of PT Dwimuria Investama Andalan are Mr. Robert Budi Hartono and Mr. Bambang Hartono, therefore the ultimate shareholders of the
Bank are Mr. Robert Budi Hartono and Mr. Bambang Hartono.
**) In the composition of shares held by the public, there was 2.49% shares owned by parties affiliated with PT Dwimuria Investama Andalan.
Page 86
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/72
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
25. SHARE CAPITAL (continued)
The composition of shareholders as of 31 December 2025 and 2024 were as follows: (continued)
2024
Number of
shares Total par value %
PT Dwimuria Investama Andalan*) 67,729,950,000 846,624 54.94
Commissioners
Djohan Emir Setijoso 106,824,845 1,335 0.09
Tonny Kusnadi 7,269,681 91 0.01
Directors
Jahja Setiaatmadja 33,850,785 423 0.03
Armand W. Hartono 4,256,065 53 0.00
Gregory Hendra Lembong 977,547 12 0.00
Subur Tan 10,710,172 134 0.01
Rudy Susanto 2,908,127 36 0.00
Lianawaty Suwono 2,264,685 28 0.00
Santoso 2,690,902 34 0.00
Vera Eve Lim 2,212,324 28 0.00
Haryanto Tiara Budiman 776,099 10 0.00
Frengky Chandra Kusuma 2,107,984 26 0.00
John Kosasih 731,076 9 0.00
Antonius Widodo Mulyono 262,511 3 0.00
Public shareholders**) 55,367,257,197 692,092 44.92
123,275,050,000 1,540,938 100.00
*) The shareholders of PT Dwimuria Investama Andalan are Mr. Robert Budi Hartono and Mr. Bambang Hartono, therefore the ultimate shareholders of the
Bank are Mr. Robert Budi Hartono and Mr. Bambang Hartono.
**) In the composition of shares held by the public, there was 2.49% shares owned by parties affiliated with PT Dwimuria Investama Andalan.
26. ADDITIONAL PAID-IN CAPITAL
Additional paid-in capital as of 31 December 2025 and 2024 are as follows:
2025 2024
Additional paid-in capital from share capital
payments 29,453,007 29,453,007
Elimination of accumulated loss through
quasi-reorganisation on 31 October 2000*) (25,853,162) (25,853,162)
Additional paid-in capital from the exercise of
stock options 296,088 296,088
Additional paid-in capital from treasury stock
transactions (Note 1c) 1,815,435 1,815,435
Difference in values from business combination
transaction of entities under common control
(Note 2e) (219,050) (162,391)
5,492,318 5,548,977
*)
On 31 October 2000, the Bank adopted SFAS No. 51, “Accounting for Quasi-Reorganisation” to achieve a “fresh start” reporting. Fresh start
reporting requires the revaluation of all its assets and liabilities recorded by using the fair value and elimination of its accumulated deficit.
Pursuant to the implementation of quasi-reorganisation, the Bank’s accumulated losses as of 31 October 2000 amounted to Rp 25,853,162
had been eliminated against the additional paid-in capital. The implementation of quasi-reorganisation had been approved by Bank Indonesia
through its Letter No. 3/165/DPwB2/IDWB2 dated 21 February 2001 and by the shareholders in their Extraordinary General Meeting of
Shareholders on 12 April 2001 (the minutes of meeting drawn up by Notary Hendra Karyadi, S.H., in Notary Deed No. 25).
Page 87
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/73
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
27. COMMITMENTS AND CONTINGENCIES
As of 31 December 2025 and 2024, the Group commitments and contingencies were as follows:
2025 2024
Amount in Amount in
Type of foreign Rupiah foreign Rupiah
Currencies currencies*) equivalent currencies*) equivalent
Commitments
Committed receivables:
Borrowing facilities received
and unused Rupiah 2,795,000 1,912,490
USD - - 60,000,000 965,700
2,795,000 2,878,190
Others Rupiah 222,198 406,294
USD 1,700,196 28,351 7,329,059 117,961
250,549 524,255
3,045,549 3,402,445
Committed liabilities:
Unused credit facilities to
customers - committed Rupiah 322,060,768 290,674,248
USD 1,595,628,925 26,607,112 1,663,976,586 26,781,703
Others,
USD equivalent 44,072,712 734,912 46,672,341 751,191
349,402,792 318,207,142
Unused credit facilities to
other banks - committed Rupiah 2,299,975 2,402,770
USD 555,556 9,264 555,556 8,942
2,309,239 2,411,712
Irrevocable Letters of
Credit facilities to
customers Rupiah 3,065,720 2,368,497
USD 307,726,997 5,131,348 385,002,020 6,196,608
Others,
USD equivalent 120,471,876 2,008,869 92,600,368 1,490,403
10,205,937 10,055,508
Others Rupiah 264,315 866,726
USD 4,277,517 71,327 13,960,128 224,688
335,642 1,091,414
362,253,610 331,765,776
Contingencies
Contingent receivables:
Bank guarantees received Rupiah 604,625 529,573
604,625 529,573
Contingent liabilities:
Bank guarantee issued
to customers Rupiah 22,351,401 21,381,921
USD 364,036,250 6,070,304 323,378,273 5,204,773
Others,
USD equivalent 52,267,031 871,553 8,639,700 139,056
29,293,258 26,725,750
Others Rupiah 89 89
29,293,347 26,725,839
*)
Total in full amount.
Page 88
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/74
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
27. COMMITMENTS AND CONTINGENCIES (continued)
Additional information
As of 31 December 2025 and 2024, the Group had unused credit facilities to customers -
uncommitted amounting to Rp 100,451,029 and Rp 93,421,932, respectively.
Group had no unused credit facilities to other Banks - uncommitted.
The Bank is a party to various unresolved legal actions, administrative proceedings, and claims in
the ordinary course of its business. It is not possible to predict with certainty whether or not the Bank
will be successful in any of these legal matters or, if not, what the impact might be. However, the
Bank’s management does not expect that the results in any of these proceedings will have a material
adverse effect on the Bank’s results of operations, financial position or liquidity.
Commitments and contingencies from related parties are disclosed in Note 45.
28. INTEREST AND SHARIA INCOME
Interest and sharia income consist of:
2025 2024
Interest income
Loan receivable 67,446,394 63,092,902
Investment securities 24,163,987 22,259,179
Consumer financing receivables and finance lease
receivables 3,625,497 3,594,918
Securities purchased under agreements to resell 727,466 2,542,353
Placements with Bank Indonesia and other banks 633,824 711,706
Bills receivable 525,723 691,152
Others 841,487 1,099,139
97,964,378 93,991,349
Sharia income
Sharia profit sharing 948,274 805,105
Total 98,912,652 94,796,454
Included in interest income from loans receivable was interest from the effect of discounting of
impaired financial assets for the year ended 31 December 2025 and 2024 amounting to Rp (4,135)
and Rp 11,364, respectively.
Interest income from loans receivable to related parties is disclosed in Note 45.
Page 89
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/75
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
29. INTEREST AND SHARIA EXPENSES
Interest and sharia expenses consist of:
2025 2024
Interest expenses
Deposits from customers 10,087,427 9,503,963
Guarantee premium 2,386,381 2,251,915
Debt securities issued 22,431 38,913
Deposits from other banks 58,559 82,919
Borrowings 82,708 87,713
Securities sold under agreements to repurchase 182,783 150,262
Others 21,553 21,495
12,841,842 12,137,180
Sharia expense
Sharia 522,653 395,110
Total 13,364,495 12,532,290
Interest and sharia expenses for deposits from customers to related parties are disclosed in Note
45.
30. FEES AND COMMISSION INCOME - NET
Represent fees and commission income related to:
2025 2024
Credit 2,751,126 2,428,359
Trade 1,199,308 1,112,506
CASA and Transactional 14,012,215 12,887,956
Wealth 998,149 863,046
Others 699,309 688,054
Total 19,660,107 17,979,921
Fees and commission expenses - (2)
Total - net 19,660,107 17,979,919
Commissions from CASA and Transactional are commission income related to credit and debit
card transactions which have been reduced by costs directly related to these transactions.
Fee and commission income from loans receivable were fee and commission income related to
disbursement of loan facilities which were not an integral part of effective interest rates.
Page 90
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/76
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
31. NET INCOME FROM TRANSACTION AT FAIR VALUE THROUGH PROFIT OR LOSS
Net income from transaction at fair value through profit or loss consists of:
2025 2024
Interest income from financial assets measured at
fair value through profit or loss 206,719 254,702
Unrealised gains (losses) from financial assets measured
at fair value through profit or loss - net 355,685 (223,207)
Realised gains (losses) on spot and derivative
transactions - net 1,210,453 1,300,521
Gains (losses) on sale of financial assets measured
at fair value through profit or loss - net 2,234,287 1,522,513
4,007,144 2,854,529
32. ADDITION (REVERSAL) OF IMPAIRMENT LOSSES ON ASSETS
2025 2024
Loans receivable (Note 12h) 4,738,261 2,686,810
Consumer financing receivables (Note 13) 645,085 353,502
Investment securities (Note 14) 73,059 8,070
Sharia financing 11,147 80,802
Acceptance receivables (Note 9c) (254,186) 149,093
Estimated losses from commitments
and contingencies (Note 22) (116,902) (408,004)
Others (16,633) 18,568
5,079,831 2,888,841
Recoveries on assets previously written-off (1,068,784) (854,388)
Addition (reversal) of impairment losses on assets 4,011,047 2,034,453
33. PERSONNEL EXPENSES
2025 2024
Salaries and wages 9,074,991 9,066,310
Employees' benefits and compensations 6,292,477 6,291,396
Post-employment benefits (Note 2d) 1,643,533 1,319,538
Pension plan contribution 390,705 369,061
Training 379,064 397,937
17,780,770 17,444,242
Page 91
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/77
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
34. GENERAL AND ADMINISTRATIVE EXPENSES
2025 2024
Office supplies 5,694,527 5,833,053
Repair and maintenance 2,377,394 2,020,849
Depreciation 2,402,780 2,017,454
Communication 1,241,776 1,828,596
Promotion 1,596,938 1,657,278
Rental 1,334,875 1,143,353
Professional fees 484,399 777,296
Water, electricity and fuel 311,789 324,939
Final tax expenses 240,707 262,826
Amortisation of intangible assets - software 199,255 150,095
Computer and software 74,841 128,701
Insurance 86,722 64,510
Transportation 58,701 59,903
Research and development 51,439 33,155
Security 21,940 21,709
Others 602,032 550,425
16,780,115 16,874,142
35. BASIC AND DILUTED EARNINGS PER SHARE
Basic and diluted earnings per share are calculated based on the weighted average number of
shares outstanding during the year, as follows:
2025 2024
Net income for the year 57,537,287 54,836,305
Weighted average number of ordinary shares
outstanding on the Indonesia Stock Exchange
(in full amount) 123,244,982,342 123,275,050,000
Basic earnings per share (in full amount) 467 445
There were no instruments which can potentially be converted into ordinary shares. Therefore,
diluted earnings per share is equivalent to basic earnings per share.
36. APPROPRIATION OF NET INCOME
The Annual General Meeting of Shareholders of PT Bank Central Asia Tbk dated 12 March
2025 (minutes prepared by Christina Dwi Utami, S.H., M.Hum., M.Kn., with Minutes No.
86), resolved the appropriation of 2024 net income, as follows:
a. Net profit of 2024 amounting to Rp 548,363 will be appropriated for reserved funds.
b. Distribute cash dividends in the amount of Rp 36,982,515 (Rp 300 (full amount) per share)
to shareholders who have the right to receive cash dividends. The total cash dividend that
will be paid on 11 April 2025 is Rp 30,818,763 (the 2024 financial year interim dividend has
been paid on 11 December 2024 amounting to Rp 6,163,752).
Page 92
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/78
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
36. APPROPRIATION OF NET INCOME (continued)
The Annual General Meeting of Shareholders of PT Bank Central Asia Tbk dated 12 March
2025 (minutes prepared by Christina Dwi Utami, S.H., M.Hum., M.Kn., with Minutes No.
86), resolved the appropriation of 2024 net income, as follows: (continued)
c. Determine tantiem for members of the Board of Commissioners and Board of Directors who
serve in and during the 2024 financial year. The actual amount of tantiem paid is Rp
887,700.
d. Determine the remaining 2024 net profit after deducting dividends as retained earnings.
In accordance with the Decree of the Board of Directors Meeting dated 24 November 2025 No.
238 regarding the Distribution of Interim Dividends for Fiscal Year 2025, the Board of Directors
determines that the Bank will pay interim dividends to shareholders for 2025 profits of Rp 55 (full
amount) per share. The actual amount of interim dividends paid is Rp 6,776,284.
The Annual General Meeting of Shareholders of PT Bank Central Asia Tbk dated 14 March
2024 (minutes prepared by Christina Dwi Utami, S.H., M.Hum., M.Kn., with Minutes No. 87),
resolved the appropriation of 2023 net income, as follows:
a. Net profit of 2023 amounting to Rp 486,391 will be appropriated for reserve funds.
b. Distribute cash dividends in the amount of Rp 33,284,264 (Rp 270 (full amount) per share)
to shareholders who have the right to receive cash dividends. The total cash dividend that
will be paid on 4 April 2024 is Rp 28,045,074 (the 2023 Fiscal Year interim dividend has
been paid on 20 December 2023 amounting to Rp 5,239,190).
c. Determine tantiem for members of the Board of Commissioners and Board of Directors who
serve in and during the 2023 financial year. The actual amount of tantiem paid is Rp
765,000.
d. Determine the remaining 2023 net profit after deducting dividends as retained earnings.
In accordance with the Decree of the Board of Directors Meeting dated 8 November 2024 No. 185
regarding the Distribution of Interim Dividends for Fiscal Year 2024, the Board of Directors
determines that the Bank will pay interim dividends to shareholders for 2024 profits of Rp 50 (full
amount) per share. The actual amount of interim dividends paid is Rp 6,163,752.
37. FINANCIAL INSTRUMENTS
Classification of financial assets and financial liabilities
Financial instruments have been classified based on their respective classifications. The
material accounting policies in Note 2g describe how the categories of the financial assets and
liabilities are measured and how income and expenses, including fair value gains and losses
(changes in fair value of financial instruments) are recognised.
Financial instrument valuation models
The Group measures fair values using the following hierarchy of methods:
• Level 1: inputs that are quoted prices (unadjusted) in active markets for identical instruments
that the Group can access at the measurement date;
Page 93
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/79
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
37. FINANCIAL INSTRUMENTS (continued)
Financial instrument valuation models (continued)
The Group measures fair values using the following hierarchy of methods: (continued)
• Level 2: inputs other than quoted prices included within level 1 that are observable, either
directly or indirectly. This category includes instruments valued using: quoted market prices
in active markets for similar instruments; quoted prices for identical or similar instruments in
markets that are not active; or other valuation techniques in which all significant inputs are
directly or indirectly observable from market data;
• Level 3: inputs that are unobservable. This category includes all instruments for which the
valuation technique includes inputs not based on observable data and these unobservable
inputs have a significant effect on the instrument’s valuation. This category includes
instruments that are valued based on quoted prices for similar instruments for which
significant unobservable adjustments or assumptions are required to reflect differences
between the instruments.
Fair values of financial assets and financial liabilities that are traded in active market are based
on quoted market prices. For all other financial instruments, the Bank determines fair values
using valuation techniques.
Valuation techniques include net present value and discounted cash flow models, comparison
with similar instruments for which market observable prices exist and other valuation models.
Assumptions and inputs used in valuation techniques include risk-free interest rates, benchmark
interest rate, credit spreads and other variables used in estimating discount rates, bond prices,
foreign currency exchange rates, and expected price volatilities and correlations.
The objective of valuation techniques is to arrive at a fair value measurement that reflects the price
that would be received to sell the asset or paid to transfer the liability in an orderly transaction
between market participants at the measurement date.
The Group uses widely recognised valuation models for determining the fair values of common
and more simple financial instruments, such as interest rate and currency swaps that used only
observable market data and require little management judgment and estimation. Observable
prices or model inputs are usually available in the market for listed debt securities and simple over-
the-counter derivatives such as interest rate swaps. Availability of observable market prices and
model inputs reduces the needs for management judgment and estimation and also reduces the
uncertainty associated with determining the fair values. Availability of observable market prices and
inputs varies depending on the products and markets and is prone to changes based on specific
events and general conditions in the financial markets.
Management judgment and estimation are usually required for selection of the appropriate
valuation models to be used, determination of expected future cash flows on the financial
instruments being valued, determination of the probability of counterparty default, prepayments
and selection of appropriate discount rates.
Valuation framework
Valuation of financial assets and financial liabilities are subject to an independent review from the
business by Accounting and Tax Division (“ATX”) and Risk Management Division. ATX is primarily
responsible for ensuring that valuation adjustments have been properly accounted for. Risk
Management Division performs an independent price validation to ensure that the Bank uses
reliable market data from independent sources, e.g., traded prices and broker quotes.
Page 94
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/80
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
37. FINANCIAL INSTRUMENTS (continued)
Valuation framework (continued)
Valuation model is proposed by Risk Management Division and approved by the management.
Risk Management Division performs a periodic review of the feasibility of the market data sources
used for valuation. The market data used for price validation may include those sourced from recent
trade data involving external counterparties or third parties such as Bloomberg, Reuters, brokers
and pricing providers. The market data used should be representative of the market as much as
possible, which can evolve over time as markets and financial instruments develop. To determine
the quality of the market data inputs, factors such as independence, relevance, reliability, availability
of multiple data sources and methodology employed by the pricing providers are taken into
consideration.
Valuation of financial instruments
Financial instruments measured at fair value
The following table sets out the carrying amounts and fair values of financial instruments of the
Group, measured at fair values, and their analysis by the level in the fair value hierarchy.
2025
Carrying amount Fair value
Measured at fair
Measured at value through
fair value other
through profit comprehensive
or loss income Total Level 2
Financial assets
Placements with Bank Indonesia and
other banks - net - 451,849 451,849 451,849
Financial assets at fair value - net 35,320,959 - 35,320,959 35,320,959
Investment securities - net - 91,131,087 91,131,087 91,131,087
35,320,959 91,582,936 126,903,895 126,903,895
Financial liabilities
Financial liabilities at fair value 97,406 - 97,406 97,406
97,406 - 97,406 97,406
2024
Carrying amount Fair value
Measured at fair
Measured at value through
fair value other
through profit comprehensive
or loss income Total Level 2
Financial assets
Financial assets at fair value - net 21,524,617 - 21,524,617 21,524,617
Investment securities - net - 98,379,739 98,379,739 98,379,739
21,524,617 98,379,739 119,904,356 119,904,356
Financial liabilities
Financial liabilities at fair value 257,613 - 257,613 257,613
257,613 - 257,613 257,613
Fair value of placements with Bank Indonesia and other banks which measured at fair value through
other comprehensive income were calculated using valuation techniques based on the Bank’s
internal model, which is a discounted cash flow method. Input used in the valuation techniques is
market interest rate for money market instruments which have similar characteristics of credit,
maturity, and yield.
Page 95
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/81
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
37. FINANCIAL INSTRUMENTS (continued)
Valuation of financial instruments (continued)
Financial instruments measured at fair value (continued)
As of 31 December 2025 and 2024, the fair value of marketable securities classified in the group
measured at fair value through profit or loss, and the fair value of securities classified in the group
measured at fair value through other comprehensive income is based on market prices issued by
the pricing provider (Penilai Harga Efek Indonesia/"PHEI"). If this information is not available, fair
value is estimated using quoted market prices for securities that have similar characteristics of
credit, maturity, and yield.
As of 31 December 2025 and 2024, the fair value of investment securities which measured at fair
value through other comprehensive income did not include the fair value of investments in shares
amounting to Rp 606,646 and Rp 540,492, respectively, which were valued at cost, since the fair
value cannot be measured reliably.
Financial instruments not measured at fair value
The following table sets out the carrying amounts and fair values of financial instruments of the
Group, which are not measured at fair values and their analysis by the level in the fair value
hierarchy.
2025
Carrying value Fair value
Amortised cost Total Level 2 Level 3 Total
Financial assets
Loans receivables - net 940,481,200 940,481,200 25,880,058 910,453,512 936,333,570
Consumer financing receivables - net 8,953,987 8,953,987 - 7,993,161 7,993,161
Finance lease receivables - net 8,005 8,005 - 6,635 6,635
Assets related to sharia transaction -
murabahah receivables - net 2,253,861 2,253,861 - 2,253,861 2,253,861
Investment securities - net 317,683,267 317,683,267 326,278,201 - 326,278,201
1,269,380,320 1,269,380,320 352,158,259 920,707,169 1,272,865,428
Financial liabilities
Deposits from customers 1,233,799,081 1,233,799,081 1,233,799,081 - 1,233,799,081
Sharia deposits 4,727,157 4,727,157 4,727,157 - 4,727,157
Finance lease liabilities 283,587 283,587 283,587 - 283,587
Deposits from other banks 3,966,077 3,966,077 3,966,077 - 3,966,077
Borrowings 2,047,436 2,047,436 2,049,293 - 2,049,293
Subordinated bonds 65,000 65,000 65,000 - 65,000
1,244,888,338 1,244,888,338 1,244,890,195 - 1,244,890,195
2024
Carrying value Fair value
Amortised cost Total Level 2 Level 3 Total
Financial assets
Loans receivables - net 868,686,210 868,686,210 25,116,622 852,431,302 877,547,924
Consumer financing receivables - net 9,435,564 9,435,564 - 9,135,934 9,135,934
Finance lease receivables - net 51,042 51,042 - 48,459 48,459
Assets related to sharia transaction -
murabahah receivables - net 1,924,884 1,924,884 - 1,924,884 1,924,884
Investment securities - net 272,231,726 272,231,726 271,130,953 - 271,130,953
1,152,329,426 1,152,329,426 296,247,575 863,540,579 1,159,788,154
Financial liabilities
Deposits from customers 1,120,613,667 1,120,613,667 1,120,613,667 - 1,120,613,667
Sharia deposits 3,511,679 3,511,679 3,511,679 - 3,511,679
Finance lease liabilities 302,470 302,470 302,470 - 302,470
Deposits from other banks 3,656,298 3,656,298 3,656,298 - 3,656,298
Borrowings 2,242,516 2,242,516 2,244,759 - 2,244,759
Subordinated bonds 500,000 500,000 500,000 - 500,000
1,130,826,630 1,130,826,630 1,130,828,873 - 1,130,828,873
Page 96
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/82
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
37. FINANCIAL INSTRUMENTS (continued)
Financial instruments not measured at fair value (continued)
The financial instruments not measured at fair value are measured at amortised cost.
The following financial instruments are short-term financial instruments or financial instruments
which are re-priced periodically to current market rates, therefore, the fair values of financial
instruments are reasonable approximation of carrying value.
Financial assets:
- Cash
- Current accounts with Bank Indonesia
- Current accounts with other banks
- Placements with Bank Indonesia and other banks
- Acceptance receivables
- Bills receivables
- Securities purchased under agreements to resell
- Other assets
Financial liabilities:
- Securities sold under agreements to repurchase
- Acceptance payables
- Estimated losses from commitment and contingency
- Other liabilities
As of 31 December 2025 and 2024, the fair values of loans receivable, consumer financing
receivables, finance lease receivables and borrowings were determined using discounted cash
flows based on internal interest rate.
As of 31 December 2025 and 2024, the fair values of investment securities issued at amortised
cost based on market prices issued by pricing provider (Penilai Harga Efek Indonesia/"PHEI",
formerly Indonesia Bond Pricing Agency/ “IBPA”) If the information is not available, the fair values
were estimated using quoted market prices of securities which have similar characteristics of credit,
maturity, and yield.
As of 31 December 2025 and 2024, the fair values of deposits from customers and deposits from
other banks are the same with the carrying amount since they are payables on demand in nature.
The fair values calculated are for disclosure purposes only and do not have any impact on the
Group’s reported financial performance or position. The fair values calculated by the Group may be
different from the actual amount that will be received or paid on the settlement or maturity of the
financial instrument. As certain categories of financial instruments are not traded, there is
management judgment and estimation involved in calculating their fair values.
38. POST-EMPLOYMENT BENEFITS OBLIGATION
In accordance with Law of the Republic of Indonesia No. 11/2020 concerning Job Creation Act, the
Bank is required to provide post-employment benefits to its employees when their employments
are terminated or when they retire. These benefits are primarily based on years of services and the
employees’ compensation at termination or retirement. These post-employment benefits are
defined benefits program.
Page 97
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/83
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
38. POST-EMPLOYMENT BENEFITS OBLIGATION (continued)
The Bank also had a defined contribution pension plan that covers all permanent employees who
fulfilled the criteria determined by the Bank. This defined contribution pension plan is managed and
administered by Dana Pensiun BCA which was established by the Bank to manage the assets,
generate investment income and pay the post-employment benefits to the employees. The
establishment of Dana Pensiun BCA had been ratified by the Minister of Finance of Republic of
Indonesia in its Decision Letter No. KEP-020/KM.17/1995 dated 25 January 1995. The contribution
to the pension plan is computed based on certain percentage of employees’ basic salary, for which
the contribution from employees and the Bank are 3% (three percent) and 5% (five percent),
respectively. During the year ended 31 December 2025 and 2024, the accumulated contributions
from the Bank are 2% (two percent) respectively, which are considered as a deduction against the
post-employment benefits obligation in accordance with the Manpower Law.
During the years ended 31 December 2025 and 2024, the Bank has set aside funds that will be
used to support the fulfilment of employee post-employment benefit obligations amounting to Rp
901,467 and Rp 752,365, respectively. These funds were placed in several insurance companies
in the form of saving plan program and Financial Institution Pension Fund (“FIPF”) in the form of
Dana Kompensasi Pasca Kerja (“DKPK”), which meet the criteria to be recorded as plan assets.
The defined benefit pension plan provides actuarial risk exposures to the Bank, e.g., investment
risk, interest rate risk and inflation risk.
Post-employment benefits provided by the Bank consist of pension, other long-term compensations
in the form of long service benefits and post-employment healthcare benefits. The post-
employment benefits obligation as of 31 December 2025 and 2024 were calculated by Kantor
Konsultan Aktuaria Steven & Mourits as the Bank’s independent actuary, using the projected-unit-
credit method. The main assumptions used by independent actuary were as follows:
2025 2024
Economic assumptions:
Annual discount rate
Defined benefit pension plan 6.50% 7.15%
Other long-term compensations – Gold 6.55% 7.15%
Other long-term compensations – Non Gold 6.65% 7.15%
Post-employment healthcare benefits – Self Insured 6.05% 7.05%
Post-employment healthcare benefits – Insurance 6.80% 7.15%
Annual basic salary growth rate 8.80% 9.00%
Annual Self-Insured claim rate 13.00% 11.60%
Healthcare cost rate 11.50% 11.50%
The discount rate is used in determining the present value of the post-employment benefits
obligation at valuation date. In general, the discount rate correlates with the yield on high quality
government bonds that are traded in active capital markets at the reporting date.
The future basic salary growth assumption projects the post-employment benefits obligations
starting from the valuation date through the normal retirement age. The basic salary growth rate is
generally determined by applying inflation adjustment to scales of payment and by taking into
account of the years of service.
Page 98
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/84
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
38. POST-EMPLOYMENT BENEFITS OBLIGATION (continued)
The Bank’s obligation for post-employment benefits for the years ended 31 December 2025 and
2024 were in accordance with the independent actuary reports dated 6 January 2026 and
6 January 2025, respectively.
a. Post-employment benefits obligation
The post-employment benefits obligation as of 31 December 2025 and 2024 were as follows:
Defined benefit pension plan
and other long-term Post-employment healthcare
compensations benefits
2025 2024 2025 2024
Present value of obligation for post-
employment benefits 12,440,880 11,736,185 288,958 183,746
Fair value of plan assets (2,992,150) (2,976,290) - -
Net obligation for post-employment
benefits - Bank 9,518,730 8,759,895 288,958 183,746
The Subsidiaries’ obligation for post-employment benefits as of 31 December 2025 and 2024
which were recorded in the consolidated statements of financial position amounting to Rp
185,545 and Rp 154,068, respectively.
b. Movement of post-employment benefits obligation
Defined benefit pension plan
and other long-term Post-employment healthcare
compensations benefits
2025 2024 2025 2024
Movement in the defined benefit obligation
Post-employment benefit obligation,
beginning of the year - Bank 8,759,895 8,727,398 183,746 156,844
Included in profit or loss
Current service cost 810,050 796,911 14,452 13,799
Past service cost - amendment - (159,411) 2,383 8,751
Interest cost 575,689 545,010 12,716 12,221
Termination cost 181,116 37,523 - 8,298
Liability assumed due to
recognition of past services 1,820 4,543 91 19,558
Impact of changes in attribution
method in P&L - - - -
Included in other comprehensive income
Actuarial gains (losses) arising from:
Changes in financial assumptions 761,629 (225,813) 95,676 (15,864)
Changes in demographic assumptions - - - -
Experience adjustments (101,789) 89,470 30,509 25,119
Return on plan assets excluding
interest income 7,467 52,632 - -
Impact of changes in attribution
method in OCI - - - -
Others
Fund placements in insurance
companies (plan assets) (901,467) (752,365) - -
Post- employment benefits paid directly
by the Bank (575,680) (356,003) (50,615) (44,980)
Post-employment benefits obligation,
end of the year - Bank 9,518,730 8,759,895 288,958 183,746
Page 99
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/85
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
38. POST-EMPLOYMENT BENEFITS OBLIGATION (continued)
b. Movement of post-employment benefits obligation (continued)
The Subsidiaries’ post-employment benefits expenses for the years ended 31 December 2025
and 2024 recorded in the profit or loss amounting to Rp 45,216 and Rp 32,335, respectively.
During the years ended 31 December 2025 and 2024, payments for post-employment benefits
in the Subsidiaries amounting to Rp 4,594 and Rp 4,324, respectively, and the Subsidiaries
have set aside funds that will be used to support the fulfilment of post-employment benefits
obligation for each employee amounting of Rp 20,050 and Rp 7,750 by placing them with
several insurance companies, which meet the criteria to be recorded as plan assets.
c. The composition of plan assets
The composition of plan assets from pension fund for the years ended 31 December 2025 and
2024, were as follows:
Percentage allocation as of
31 December 2025 Percentage allocation as of
Quoted market price 31 December 2025
for severance program Quoted market price for FIPF DKPK
AIA Allianz Manulife AIA Allianz Manulife
Shares 0.00% 0.00% 0.00% 13.70% 5.43% 7.42%
Bonds 0.00% 18.87% 0.00% 69.91% 67.45% 54.92%
Property 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Derivatives 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Cash 100.00% 81.13% 100.00% 16.39% 27.12% 37.66%
Others 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Percentage allocation as of
31 December 2024 Percentage allocation as of
Quoted market price 31 December 2024
for severance program Quoted market price for FIPF DKPK
AIA Allianz Manulife AIA Allianz Manulife
Shares 0.00% 0.00% 0.00% 9,40% 9,79% 9,21%
Bonds 0.00% 37.57% 0.00% 58,83% 59,21% 70,75%
Property 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Derivatives 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Cash 100.00% 62.43% 100.00% 31,77% 31,00% 20,04%
Others 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Total 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
d. Changes in fair value of plan assets for post-employment program
2025 2024
Fair value of plan assets, beginning of the year - Bank 2,976,290 3,120,458
Fund placements in insurance companies 901,467 752,365
Return on plan assets excluding interest income (7,467) (52,632)
Interest income on plan assets 203,849 202,203
Post-employment benefits paid (1,151,989) (1,046,104)
Fair value of plan assets, end of the year - Bank 2,922,150 2,976,290
Page 100
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/86
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
38. POST-EMPLOYMENT BENEFITS OBLIGATION (continued)
e. Historical information - Bank:
31 December
2025 2024 2023 2022 2021 2020
Defined benefits pension plan
and other long-term compensation
Present value of post-employment
benefits obligation 12,440,880 11,736,185 11,847,856 11,225,855 11,800,914 12,966,647
Fair value of plan assets (2,922,150) (2,976,290) (3,120,458) (3,952,724) (4,877,681) (3,664,581)
Deficit 9,518,730 8,759,895 8,727,398 7,273,131 6,923,233 9,302,065
Experience adjustment on plan liabilities (101,789) 89,470 350,315 13,149 (159,362) (9,914)
Experience adjustment on plan assets 7,467 53,632 187,347 159,472 (440,474) 555,010
Post-employment healthcare benefits
Present value of post-employment
benefits obligation 288,958 183,746 156,844 137,462 197,102 214,570
Experience adjustment on plan liabilities 30,509 25,119 29,185 14,093 (15,238) (15,955)
f. Sensitivity analysis
Changes in 1 (one) percent of actuarial assumptions will have the following impacts:
2025
Other long-term Post-employment
Defined benefit pension plan compensations healthcare benefits
Increase Decrease Increase Decrease Increase Decrease
Discount rate (1% movement) (435,904) 489,807 (295,975) 344,200 (21,674) 30,106
Basic salary rate (1% movement) 541,763 (491,512) 351,948 (308,837) - -
Healthcare cost rate (1% movement) - - - - 24,773 (21,695)
2024
Other long-term Post-employment
Defined benefit pension plan compensations healthcare benefits
Increase Decrease Increase Decrease Increase Decrease
Discount rate (1% movement) (397,170) 443,541 (255,558) 295,487 (13,688) 19,379
Basic salary rate (1% movement) 495,259 (451,964) 305,338 (269,456) - -
Healthcare cost rate (1% movement) - - - - 16,152 (14,049)
g. Expected Maturity Analysis
Expected maturity analysis of undiscounted pension benefits and post-employment healthcare
benefits is as follows:
20 years and
Up to 10 years 10 - 20 years beyond
Pension benefit 7,947,630 4,192,199 3,948,406
Other long-term compensations 3,487,993 1,762,496 2,048,926
Post-employment healthcare benefits 223,879 136,585 179,642
h. The weighted-average of period of the defined benefits obligation, other long-term
compensations – non gold, other long-term compensations – gold, post-retirement healthcare
benefits – self insured and post-retirement healthcare benefits – insurance were 12.15 years;
12.82 years; 15.62 years; 6.68 years; and 18.58 years as of 31 December 2025 (31 December
2024: 11.89 years; 12.51 years; 15.19 years; 6.54 years; and 18.66 years).
39. CUSTODIAL SERVICES
The Bank’s Custodial Services Bureau obtained its license to provide custodial services from the
Capital Market and Financial Institution Supervisory Agency (Bapepam, currently Financial
Services Authority or “OJK”) under its Decision Letter No. KEP-148/PM/1991 dated 13 November
1991.
The services offered by the Bank’s Custodial Services Bureau include of custody services for
stocks, government and corporate bonds, deposits, mutual fund administrations, and cash
management contracts, which include dividend receives, rates and other rights, finishing securities
transactions, and representing account holders included as customers.
Page 101
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/87
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
39. CUSTODIAL SERVICES (continued)
Assets administered by the Bank’s Custodial Services Bureau consist of shares, bonds, deposits,
commercial papers and other money market instruments.
40. OPERATING SEGMENTS
The Group disclosed the financial information based on the products were as follows:
2025
Loans Treasury Others Total
Assets 940,481,200 524,766,024 121,581,312 1,586,828,536
Interest and sharia income 67,446,394 26,686,436 4,779,822 98,912,652
Fee-based income and others 3,533,241 619,672 18,153,174 22,306,087
2024
Loans Treasury Others Total
Assets 868,686,210 459,238,130 121,376,988 1,449,301,328
Interest and sharia income 63,092,902 26,955,707 4,747,845 94,796,454
Fee-based income and others 3,418,479 288,678 19,480,693 23,187,850
The Group main operations are managed in Indonesian territory. Bank’s business segment is
classified into 5 (five) main geographic areas, which are Sumatera, Java, Kalimantan, East
Indonesia and overseas operation.
Information regarding segment based on geographic of the Group is presented in table below:
2025
East
Sumatera Java Kalimantan Indonesia Total
Interest and sharia income 4,677,889 89,629,619 1,861,422 2,743,722 98,912,652
Interest and sharia expenses (557,399) (12,269,210) (195,154) (342,732) (13,364,495)
Net interest and sharia income 4,120,490 77,360,409 1,666,268 2,400,990 85,548,157
Insurance revenue - 2,003,240 - - 2,003,240
Insurance expenses - (1,858,302) - - (1,858,302)
Net insurance revenue - 144,938 - - 144,938
Net fees and commissions income 1,245,732 16,976,557 513,461 924,357 19,660,107
Net income from transaction
at fair value through
profit or loss 13,090 3,947,666 4,287 42,101 4,007,144
Other operating income 32,322 2,536,466 22,683 54,509 2,645,980
Total segment income 5,411,634 100,966,036 2,206,699 3,421,957 112,006,326
Depreciation and amortisation (41,782) (2,517,305) (15,492) (35,853) (2,610,432)
Other material non-cash elements:
Reversal of allowance for
impairment losses on asset (136,799) (3,487,531) (322,807) (63,910) (4,011,047)
Other operating expenses (1,601,360) (30,827,583) (579,695) (1,115,333) (34,123,971)
Income before tax 3,631,693 64,133,617 1,288,705 2,206,861 71,260,876
Income tax expense (13,697,783)
Net income for the year 57,563,093
Assets 100,740,319 1,383,382,831 38,447,409 64,257,977 1,586,828,536
Liabilities 100,740,319 1,091,062,581 38,447,409 64,257,977 1,294,508,286
Loans receivable - net 42,184,312 854,083,225 18,659,728 25,553,935 940,481,200
Deposits from customers 99,740,302 1,032,245,004 38,178,652 63,635,123 1,233,799,081
Sharia deposits - 4,727,157 - - 4,727,157
Temporary syirkah deposits - 10,632,695 - - 10,632,695
Page 102
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/88
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
40. OPERATING SEGMENTS (continued)
Information regarding segment based on geographic of the Group is presented in table below:
(continued)
2024
East Overseas
Sumatera Java Kalimantan Indonesia operation Total
Interest and sharia income 4,427,250 86,036,942 1,711,892 2,582,953 37,417 94,796,454
Interest and sharia expenses (565,890) (11,454,256) (195,103) (313,090) (3,951) (12,532,290)
Net interest and sharia income 3,861,360 74,582,686 1,516,789 2,269,863 33,466 82,264,164
Insurance revenue - 3,110,733 - - - 3,110,733
Insurance expenses - (1,753,761) - - - (1,753,761)
Net insurance revenue - 1,356,972 - - - 1,356,972
Net fees and commissions income 1,136,562 15,562,427 461,532 816,852 2,546 17,979,919
Net income from transaction
at fair value through
profit or loss (83,918) 2,906,754 5,075 42,112 (15,494) 2,854,529
Other operating income 37,737 2,008,107 12,275 45,528 (6,451) 2,097,196
Total segment income 4,951,741 96,416,946 1,995,671 3,174,355 14,067 106,552,780
Depreciation and amortisation (44,915) (2,060,098) (20,240) (37,266) (5,030) (2,167,549)
Other material non-cash elements:
Reversal of allowance for
impairment losses on asset 179,018 (2,423,564) 141,270 67,000 1,823 (2,034,453)
Other operating expenses (1,536,804) (30,972,111) (546,303) (1,043,365) (34,345) (34,132,928)
Income before tax 3,549,040 60,961,173 1,570,398 2,160,724 (23,485) 68,217,850
Income tax expense (13,366,576)
Net income for the year 54,851,274
Assets 93,995,732 1,262,486,824 34,992,548 57,473,797 352,427 1,449,301,328
Liabilities 93,995,732 990,512,830 34,992,548 57,473,797 4,517 1,176,979,424
Loans receivable - net 38,739,422 788,949,509 16,219,497 24,777,782 - 868,686,210
Deposits from customers 92,838,676 936,118,359 34,725,741 56,930,891 - 1,120,613,667
Sharia deposits - 3,511,679 - - - 3,511,679
Temporary syirkah deposits - 9,486,817 - - - 9,486,817
41. RISK MANAGEMENT
The Bank has exposure to credit risk, liquidity risk, market risk, operational risk, and consolidation
risk.
The following notes present information about the Bank’s exposure to each of the above risks, the
Bank’s objectives, policies and process which are undertaken by the Bank in measuring and
managing risk.
a. Risk management framework
The Bank recognises that in operating its business, there are inherent risks in its financial
instruments, i.e. credit risk, liquidity risk, market risk which consists of foreign exchange risk
and interest rate risk, operational risk and other risk.
Page 103
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/89
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
a. Risk management framework (continued)
In order to control those risks, the Bank implemented an integrated Risk Management
Framework which is stated in its Basic Policy of Risk Management (“KDMR”). This framework
is used as a tool for determining the strategies, organisation, policies and guidances as well
as the Bank’s infrastructures to ensure that all risks faced by the Bank can be properly
identified, measured, controlled and reported.
To implement an effective risk management, the Bank has established a Risk Management
Committee whose functions are to address overall risk issues faced by the Bank and
recommend risk management policies to the Board of Directors.
In addition to the above-mentioned committee, the Bank also has other committees which are
responsible to handle specific risks, such as: Credit Policy Committee, Credit Committee and
Asset and Liability Committee (“ALCO”).
The Bank always conducts a thorough risk assessment on management plan to release new
products and/or activities in accordance with the type of risks regulated by the prevailing Bank
Indonesia Regulations (“PBI”), Financial Services Authority Regulation (“POJK”) and other
prevailing regulations.
b. Credit risk management
The credit organisation is continuously being improved with an emphasis on the four eyes
principle, in which the credit decision is determined with the considerations of 2 (two) functions,
i.e. business development function and credit risk analysis function.
The Bank has Basic Policy of Bank’s Credit (“KDPB”) which are continuously being improved,
in line with the Bank’s development, PBI, POJK and in accordance with “International Best
Practices”.
The Bank has developed a debtor risk rating system, which is known as the Internal Credit
Risk Rating/Scoring System. Each debtor is assigned a risk rating, which is intended to assist
authorized officials in analyzing credit proposals more accurately and effectively.
To ensure that credit quality is maintained well, in accordance with the Bank's risk appetite
and applicable regulations, credit limits are set and credit portfolios are monitored regularly,
both per credit category and bankwide.
The Bank has developed credit risk management by conducting regular stress testing analyses
using various scenarios relevant to the credit portfolio and monitoring the results. Stress testing
is useful for the Bank as a tool to estimate the impact of potential risks under stressful
conditions, allowing the Bank to develop appropriate strategies to mitigate these potential risks
as part of its contingency plan.
In order to monitor and control credit risk of the Subsidiaries, the Bank monitors the
Subsidiaries’ credit risk regularly, to ensure that the Subsidiaries have a good and effective
Credit Risk Management Policy.
Page 104
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/90
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
b. Credit risk management (continued)
For financial assets recognised in the consolidated statements of financial position, the
maximum exposure to credit risk generally equals their carrying amount. For bank guarantees
and irrevocable Letters of Credit issued, the maximum exposure to credit risk is the maximum
amount that the Bank would have to pay if the obligations of the bank guarantees and
irrevocable Letters of Credit issued are called upon. For credit commitments, the maximum
exposure to credit risk is the full amount of the unused committed loan facilities granted to
customers.
i. Maximum exposure to credit risk
The following table presents maximum exposure to the Group’s credit risk of financial
instruments in the consolidated statements of financial position (on-balance sheet) and
consolidated administrative accounts (off-balance sheet).
2025 2024
Consolidated financial position:
Current accounts with Bank Indonesia 47,768,278 36,408,142
Current accounts with other banks - net 5,331,638 4,097,199
Placements with Bank Indonesia and
other banks - net 9,813,541 15,714,884
Financial assets at fair value through
profit or loss 35,320,959 21,524,617
Acceptance receivables - net 9,494,630 9,621,047
Bills receivable - net 11,825,095 8,891,769
Securities purchased under agreements
to resell - net 5,285,513 1,449,562
Loans receivable - net 940,481,200 868,686,210
Consumer financing receivables - net 8,953,987 9,435,564
Finance lease receivables - net 8,005 51,042
Assets related to sharia transactions -
murabahah receivables - net 2,253,861 1,924,884
Investment securities - net 409,421,000 371,151,957
Other assets - net
Accrued interest income 9,167,872 8,326,105
Transactions related to ATM and
credit card 3,499,738 3,906,220
Unaccepted bills receivable 28,554 163,769
Receivables from customer transactions 612,303 341,152
Insurance contract assets 642,232 588,163
Others 361,373 390,568
1,500,269,779 1,362,672,854
Consolidated administrative account - net:
Unused credit facilities to
customers - committed 346,587,948 315,308,816
Unused credit facilities to
other banks - committed 2,309,239 2,411,712
Irrevocable Letters of Credit facilities 10,180,618 10,009,892
Bank guarantees issued to customers 29,266,512 26,694,505
388,344,317 354,424,925
1,888,614,096 1,717,097,779
Page 105
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/91
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
b. Credit risk management (continued)
ii. Concentration of credit risk analysis
The Bank encourages the diversification of its credit portfolio among a variety of
geographic area, industries and credit products in order to minimise the credit risk.
The concentration of loans by type of loan, currency and economic sector is disclosed
in Note 12.
Based on counterparty
The following table presents concentration of credit risk of the Group by counterparty:
2025
Government
and Bank
Corporate Indonesia Bank Individual Total
Consolidated financial position:
Current accounts with Bank Indonesia - 47,768,278 - - 47,768,278
Current accounts with other banks - - 5,332,406 - 5,332,406
Placement with Bank Indonesia and
other banks - 4,310,376 5,505,675 - 9,816,051
Financial assets at fair value through
profit or loss 2,109,565 32,910,620 300,774 - 35,320,959
Acceptance receivables 9,220,676 - 472,435 1,832 9,694,943
Bills receivable 428,757 - 11,401,719 - 11,830,476
Securities purchased under agreements
to resell - 3,822,008 1,213,933 250,508 5,286,449
Loans receivable 677,443,474 4,366,975 25,880,058 262,542,727 970,233,234
Consumer financing receivables 555,446 - 98 8,910,954 9,466,498
Finance lease receivables 10,072 - - 260 10,332
Assets related to sharia transactions -
murabahah receivables 2,262,708 - - 12,996 2,275,704
Investment securities 50,019,841 354,582,474 5,444,427 - 410,046,742
Other assets
Accrued interest income 2,801,853 5,401,957 193,937 770,125 9,167,872
Transactions related to ATM and
credit card 3,499,738 - - - 3,499,738
Unaccepted bills receivable 28,649 - - - 28,649
Receivables from customer transactions 40,219 - - 572,084 612,303
Insurance contract assets 642,232 - - - 642,232
Others 363,256 - - - 363,256
Total 749,426,486 453,162,688 55,745,462 273,061,486 1,531,396,122
Allowance for impairment losses (31,126,343)
1,500,269,779
Commitments and contingencies with
credit risk:
Unused credit facilities - committed 287,540,483 1,133,025 2,358,761 60,679,762 351,712,031
Irrevocable Letters of Credit facilities 10,200,581 - - 5,356 10,205,937
Bank guarantees issued to customers 27,154,470 - 1,146,739 992,049 29,293,258
Total 324,895,534 1,133,025 3,505,500 61,677,167 391,211,226
Allowance for impairment losses (2,866,909)
388,344,317
Page 106
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/92
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
b. Credit risk management (continued)
ii. Concentration of credit risk analysis (continued)
Based on counterparty (continued)
The following table presents concentration of credit risk of the Group by counterparty:
(continued)
2024
Government
and Bank
Corporate Indonesia Bank Individual Total
Consolidated financial position:
Current accounts with Bank Indonesia - 36,408,142 - - 36,408,142
Current accounts with other banks - - 4,097,837 - 4,097,837
Placement with Bank Indonesia and
other banks - 8,646,539 7,070,057 - 15,716,596
Financial assets at fair value through
profit or loss 555,573 20,804,466 164,578 - 21,524,617
Acceptance receivables 9,508,319 799 541,930 10,694 10,061,742
Bills receivable 640,986 - 8,253,899 - 8,894,885
Securities purchased under agreements
to resell - 47,809 1,366,281 36,513 1,450,603
Loans receivable 614,612,475 5,500,000 25,116,622 256,081,756 901,310,853
Consumer financing receivables 633,718 - 165 9,164,965 9,798,848
Finance lease receivables 50,660 - - 895 51,555
Assets related to sharia transactions -
murabahah receivables 820,454 - - 1,118,269 1,938,723
Investment securities 46,780,829 317,652,887 7,270,807 - 371,704,523
Other assets
Accrued interest income 2,846,813 4,483,982 203,850 791,460 8,326,105
Transactions related to ATM and
credit card 3,906,220 - - - 3,906,220
Unaccepted bills receivable 164,760 - - - 164,760
Receivables from customer transactions 55,625 - - 285,527 341,152
Insurance contract assets 526,773 - 25,015 36,375 588,163
Others 351,231 - - 61,540 412,771
Total 681,454,436 395,544,624 54,111,041 267,587,994 1,396,698,095
Allowance for impairment losses (34,025,241)
1,362,672,854
Commitments and contingencies with
credit risk:
Unused credit facilities - committed 260,424,847 - 2,411,462 57,782,545 320,618,854
Irrevocable Letters of Credit facilities 10,053,228 - - 2,280 10,055,508
Bank guarantees issued to customers 24,926,592 - 807,284 991,874 26,725,750
Total 295,404,667 - 3,218,746 58,776,699 357,400,112
Allowance for impairment losses (2,975,187)
354,424,925
Page 107
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/93
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
b. Credit risk management (continued)
iii. Credit risk analysis
The following table presents the financial assets classified into stage 1, stage 2 and stage 3:
2025
Carrying Value
Stage 1 Stage 2 Stage 3 Total
Measured at amortised cost:
Current accounts with Bank Indonesia 47,768,278 - - 47,768,278
Current accounts with other banks - net 5,331,638 - - 5,331,638
Placement with Bank Indonesia
and other banks - net 9,361,592 - - 9,361,592
Acceptance receivables - net 9,440,141 33,339 21,150 9,494,630
Bills receivables - net 11,825,010 - 85 11,825,095
Securities purchased under
agreements to resell - net 5,285,513 - - 5,285,513
Loans receivable - net 922,685,517 11,358,242 6,437,441 940,481,200
Investment securities - net 317,683,267 - - 317,683,267
Consumer financing receivables - net 8,752,114 83,521 118,352 8,953,987
Finance lease receivables - net 8,005 - - 8,005
Assets related to sharia
transactions - murabahah
receivables - net 2,206,601 - 47,260 2,253,861
Other assets - net
Accrued interest income 9,167,872 - - 9,167,872
Transactions related to ATM and
credit card 3,499,738 - - 3,499,738
Unaccepted bills receivable 28,554 - - 28,554
Receivables from customer transactions 612,303 - - 612,303
Insurance contract assets 642,232 - - 642,232
Others 361,373 - - 361,373
1,354,659,748 11,475,102 6,624,288 1,372,759,138
Measured at fair value
through profit or loss (FVPL):
Financial assets at fair value
through profit or loss 35,320,959 - - 35,320,959
35,320,959 - - 35,320,959
Measured at fair value through other
comprehensive income (FVOCI):
Placement with Bank Indonesia
and other banks - net 451,949 - - 451,949
Investment securities - net 91,701,111 36,622 - 91,737,733
91,153,060 36,622 - 92,189,682
1,482,331,818 11,406,233 6,531,728 1,500,269,779
Page 108
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/94
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
b. Credit risk management (continued)
iii. Credit risk analysis (continued)
The following table presents the financial assets classified into stage 1, stage 2 and stage 3:
(continued)
2024
Carrying Value
Stage 1 Stage 2 Stage 3 Total
Measured at amortised cost:
Current accounts with Bank Indonesia 36,408,142 - - 36,408,142
Current accounts with other banks - net 4,097,199 - - 4,097,199
Placement with Bank Indonesia
and other banks - net 15,714,884 - - 15,714,884
Acceptance receivables - net 9,619,854 905 288 9,621,047
Bills receivables - net 8,891,768 - 1 8,891,769
Securities purchased under
agreements to resell - net 1,449,562 - - 1,449,562
Loans receivable - net 852,946,444 10,448,386 5,291,380 868,686,210
Investment securities - net 272,215,470 16,256 - 272,231,726
Consumer financing receivables - net 9,253,219 68,484 113,861 9,435,564
Finance lease receivables - net 48,774 81 2,187 51,042
Assets related to sharia
transactions - murabahah
receivables - net 1,897,288 22,348 5,248 1,924,884
Other assets - net
Accrued interest income 8,326,105 - - 8,326,105
Transactions related to ATM and
credit card 3,906,220 - - 3,906,220
Unaccepted bills receivable 163,769 - - 163,769
Receivables from customer transactions 341,152 - - 341,152
Insurance contract assets 588,163 - - 588,163
Others 350,180 11,315 29,073 390,568
1,226,218,193 10,567,775 5,442,038 1,242,228,006
Measured at fair value
through profit or loss (FVPL):
Financial assets at fair value
through profit or loss 21,524,617 - - 21,524,617
21,524,617 - - 21,524,617
Measured at fair value through other
comprehensive income (FVOCI):
Investment securities - net 98,882,720 22,809 14,702 98,920,231
98,882,720 22,809 14,702 98,920,231
1,346,625,530 10,590,584 5,456,740 1,362,672,854
Classification of Financial Assets
The classification of financial assets is based on a business model and tests of cash flows
characteristics (Solely Payment of Principal & Interest (“SPPI”)), The Bank's financial
assets are classified as follows:
- Fair Value Through Profit/Loss (“FVPL”)
- Fair Value Through Other Comprehensive Income (“FVOCI”)
- Amortised Cost
Page 109
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/95
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
b. Credit risk management (continued)
iii. Credit risk analysis (continued)
Measurement of Expected Credit Loss
The calculation of Bank provisions refers to SFAS 109 which introduces the expected credit
loss method to measure the loss of a financial instrument resulting from the impairment of
financial instruments, SFAS 109 requires immediate recognition for the impact of expected
credit loss changes after initial recognition of the financial asset.
The Bank develops risk parameter modelling such as PD (Probability of Default), LGD
(Loss Given Default) and EAD (Exposure at Default) which are used as components for
calculating expected credit losses.
Staging Criteria
SFAS 109 requires entity to classify financial instruments into three stages of impairment
(stage 1, stage 2, and stage 3) by determining whether there is a significant increase in
credit risk.
The Bank measures the allowance for losses of an expected 12 months credit loss for
financial assets with low credit risk at the reporting date (stage 1) and lifetime credit losses
for financial assets with a significant increase in credit risk (stage 2).
In general, financial assets with arrears of 30 days or more and not yet experiencing an
impairment will always be considered to have significant increase credit risk (“SICR”).
Forward-looking Information
In calculating expected credit losses, the Bank considers the effect of the macroeconomic
forecast, In addition, the Bank also determines a probability weighted for the possibility of
such macro scenario. Various macroeconomic variables (“MEV”) are used in the
modelling of SFAS 109 depending on the results of statistical analysis of the suitability of
the MEV with historical data for impairment model development, The calculation of the
expected credit loss and the macroeconomic forecast (“MEV”) are reviewed by the Bank
periodically. MEV used by the Bank includes GDP, inflation rate, exchange rate and
others.
Individually impaired financial assets
Individually impaired financial assets are financial assets that are individually significant
and there is objective evidence that impairment loss has incurred after initial recognition
of the financial assets. The measurements are made by comparing all contractual cash
flows due with the cash flows expected to be received by the Bank (cash shortfall),
discounted with the effective interest rate.
Financial assets that are not individually significant and assessed for collective
impairment
Financial assets that are not individually significant consist of loans and receivables of
the Group to retail debtors, i.e. Small & Medium Enterprise (“SME”) debtors, consumer
financing receivables (including joint financing) debtors, mortgage and its housing
renovation loans, vehicle loans and credit card. The impairment of these financial assets
is assessed collectively by grouping them based on similar risk characteristics. Collective
measurement is done statistically using the parameters PD (Probability of Default), LGD
(Loss Given Default) and EAD (Exposure at Default).
Page 110
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/96
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
b. Credit risk management (continued)
iii. Credit risk analysis (continued)
Financial assets that are past due and impaired
Receivables that are due are all receivables that are past due for more than 90 (ninety)
days, either for principal payments and/or interest payments, Meanwhile, impaired
receivables are financial assets that have significant value individually and there is
objective evidence that individual impairment occurs after the initial recognition of the
financial assets.
In accordance with the quality, loans, acceptances, and bills receivable are grouped into
3 (three) categories, namely high grade, standard grade, and low grade, based on the
Bank's internal estimate of probability defaults on certain debtors or portfolios which are
assessed based on a number of qualitative and quantitative factors.
Loans, acceptances and bills receivable with a rating scale internal risk RR1 through RR7
according to the internal credit risk rating/scoring system is included in the high grade
category, High category grade is a loan whose debtor has a strong capacity in terms of
repayment of all obligations in a timely manner because they are supported by
Appropriate or solid sound fundamental factors and are not easily influenced by changes
in unfavourable economic conditions.
Loans, acceptances and bills receivable with a rating scale internal risks RR8 through
RR9 according to the internal credit risk rating/scoring system are included in the standard
grade category, Standard grade category is a loan whose debtor is deemed to have
adequate capacity in terms of interest and principal payments, but is quite sensitive
against changes in unfavourable economic conditions.
Loans, acceptances and notes receivable with a rating scale internal risk RR10 and loss
according to the internal credit risk rating/scoring system are included in the low grade
category, Low grade category is a loan whose debtor is vulnerable in terms of interest and
principal payment capacity due to unfavourable fundamental factors and/or very sensitive
to unfavourable economic conditions.
iv. Collateral
Collateral is held to mitigate credit risk exposures and risk mitigation policies determine the
eligibility of collateral types that can be accepted by the Bank, The Bank differentiates
collateral types based on its liquidity and existence into solid collaterals and non-solid
collaterals, Solid collaterals are collaterals which have relatively high liquidity value
and/or the existence is permanent (is not easily moved) i.e., cash collaterals and
land/building, and therefore, the collaterals can be repossessed or taken over by the
Bank when the loan to debtor/group debtor becomes non-performing, Non-solid collaterals
are collaterals which have relatively low liquidity value and/or the existence is temporary
(easily moveable) i.e., vehicles, machineries, inventories, receivables, etc, As of
31 December 2025 and 2024, the Bank held collaterals against loans receivables in the
form of cash, properties (land/building), motor vehicles, guarantees, machineries,
inventories, debt securities, etc.
Page 111
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/97
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
b. Credit risk management (continued)
iv. Collateral (continued)
The Bank’s policy in connection with collateral as mitigation of credit risk depends on
the credit category or facilities provided, For SME loans, all loans should be supported
with collateral (collateral based lending) whereby at least 50% (fifty percent) of it are solid
collaterals, For corporate and commercial loans, the collateral values are determined
based on analysis of the individual debtor credit worthiness, The collateral value is
determined based on the appraisal value at the time of loan approval and periodically
reviewed.
For mortgage facility (“KPR”), the Bank requires that all facilities should be supported by
collateral properties (land/building), The Bank applies the Loan-to-Value (“LTV”)
regulation gradually, starting from the first mortgage facility and so forth, in accordance
with the rules imposed by the regulator, Value of the collateral for KPR is calculated
based on the collateral value when credit is granted and renewed every 30 (thirty)
months, For auto loan facility (“KKB”), the Bank requires that all facilities should be
supported by collateral vehicles, The Bank applied the down payment rule, in
accordance with the regulation imposed by the regulator.
Subsidiary’s consumer financing receivables is secured by the related certificates of
ownership (“BPKB”) of the vehicles being financed.
For foreign exchange transactions, either spot or forward, the Bank requires cash
collaterals which are set at a certain percentage of facility provided, If the debtor has
other credit facilities in the Bank, the debtor may use the collateral that has been given
previously to be crossed with each other, The policy on percentage of the required
collateral will be reviewed periodically, in line with the fluctuation and volatility of Rupiah
currency to foreign currency exchange rate.
Details of financial and non-financial assets obtained by the Bank during the year by taking
possession of collaterals held as security against financial assets as of
31 December 2025 and 2024, presented in other assets at the lower of carrying amount
and net realisable value, were as follows:
2025 2024
Land 171,126 169,858
Building 1,612,242 1,454,484
Other commercial properties 328,622 170,326
Fair value 2,111,990 1,794,668
The Bank generally does not use repossessed non-cash foreclosed assets for its own
operations, The Bank’s policy is to realise foreclosed assets as part of the settlement of
credit.
As of 31 December 2025 and 2024, foreclosed assets owned by the Subsidiaries
amounting to Rp 50,737 and Rp 64,552, respectively.
Page 112
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/98
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
b. Credit risk management (continued)
v. Financial assets measured at fair value through profit or loss
As of 31 December 2025 and 2024, the Group had financial assets measured at the fair
value through profit or loss amounting to Rp 35,320,959 and Rp 21,524,617, respectively
(Note 8), Information on credit quality of the maximum exposure to credit risk of financial
assets at fair value through profit or loss) was as follows:
2025 2024
Government securities:
Investment grade 32,910,054 20,799,789
Corporate bonds:
Investment grade 666,366 141,462
Asset-Backed Securities:
Investment grade 764,269 -
Derivative assets:
Government and Bank Indonesia
as counterparties 566 -
Other banks as counterparties 43,927 2,289
Corporates as counterparties 73,575 218,919
Others 862,202 389,158
Fair value 35,320,959 21,524,617
vi. Investment securities
As of 31 December 2026 and 2025, the Group had investment securities at the carrying
value amounting to Rp 409,421,000 and Rp 371,151,957, respectively (Note 14).
Information on credit quality of the maximum exposure to credit risk of investment
securities was as follows:
2025 2024
Government securities:
Investment grade 355,566,254 322,134,558
Corporate bonds:
Investment grade 35,655,911 33,407,575
Non-Investment grade 39,746 3,788
Others 18,159,089 15,606,036
Carrying value 409,421,000 371,151,957
c. Liquidity risk management
The Bank emphasises the importance of maintaining adequate liquidity to meet its commitments
to its customers and other parties, whether in loans disbursement, repayment of customers'
deposits or to meet operational liquidity requirements. The management of overall liquidity needs
is overseen by ALCO and operationally by the Treasury Division.
The Bank has implemented liquidity provisions in accordance with regulatory requirements
regarding the obligation to meet Rupiah liquidity (Reserve Requirement/"RR") and the MPLB.
Furthermore, the Bank also monitors liquidity ratios such as the Loan-to-Deposit Ratio (LDR),
Liquidity Coverage Ratio (LCR), and Net Stable Funding Ratio (NSFR).
In order to reduce risk of dependency to single funding, the Subsidiaries have diversified its funding
resources. Besides capital and collection from customers, the Subsidiaries generate funding
resources from bank loans and if needed, access funding capital market, through bonds and
medium-term notes issuance.
Page 113
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/99
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
c. Liquidity risk management (continued)
The following table presents the undiscounted contractual cash flows of financial liabilities and
administrative accounts of the Group based on remaining period to contractual maturity as of
31 December 2025 and 2024:
2025
Gross nominal
Carrying inflow/ >1-3 > 3 months - >1–5 >5
value (outflow) Up to 1 month months 1 year years years
Non-derivative financial liabilities
Deposits from customers (1,233,799,081) (1,234,027,465) (1,197,795,455) (31,930,057) (4,301,953) - -
Sharia deposits (4,727,157) (4,727,348) (4,727,348) - - - -
Deposits from other banks (3,966,077) (3,966,147) (3,964,015) (2,132) - - -
Acceptance payables (4,733,862) (4,733,862) (1,854,589) (1,937,405) (773,776) (168,092) -
Borrowings (2,047,436) (2,049,291) (1,399,291) (650,000) - - -
Estimated losses from commitments
and contingencies (2,866,909) (2,866,909) (233,752) (510,706) (1,519,858) (560,896) (41,697)
Accruals and other liabilities (3,811,307) (3,811,307) (3,514,361) (9,256) (30,687) (207,313) (49,690)
Subordinated bonds (65,000) (66,242) (1,242) - - (65,000) -
(1,256,016,829) (1,256,248,571) (1,213,490,053) (35,039,556) (6,626,274) (1,001,301) (91,387)
Derivative financial liabilities
Financial liabilities at fair value
through profit or loss: (97,406)
Outflow (25,788,864) (18,551,296) (4,361,781) (2,791,262) (84,525) -
Inflow 25,677,471 18,483,767 4,337,530 2,772,799 83,375 -
(97,406) (111,393) (67,529) (24,251) (18,463) (1,150) -
Administrative accounts
Unused credit facilities to
customers - committed (349,402,792) (349,402,792) - - - -
Unused credit facilities to
other banks - committed (2,309,239) (2,309,239) - - - -
Irrevocable Letters of Credit facilities (10,205,937) (2,709,891) (5,496,410) (1,283,584) (716,052) -
Bank guarantees issued to
customers (29,293,258) (2,806,863) (7,231,329) (14,047,001) (5,197,562) (10,503)
(391,211,226) (357,228,785) (12,727,739) (15,330,585) (5,913,614) (10,503)
(1,256,114,235) (1,647,571,190) (1,570,786,367) (47,791,546) (21,975,322) (6,916,065) (101,890)
2024
Gross nominal
Carrying inflow/ >1-3 > 3 months - >1–5 >5
value (outflow) Up to 1 month months 1 year years years
Non-derivative financial liabilities
Deposits from customers (1,120,613,667) (1,120,871,522) (1,073,604,905) (42,976,722) (4,289,895) - -
Sharia deposits (3,511,679) (3,511,776) (3,511,776) - - - -
Deposits from other banks (3,656,298) (3,656,327) (3,621,195) (35,132) - - -
Acceptance payables (4,651,955) (4,651,955) (1,953,035) (1,784,655) (902,423) (11,842) -
Securities sold under agreements
to repurchase (1,330,996) (1,330,996) (1,330,996) - - - -
Borrowings (2,242,516) (2,244,833) (298,499) - (1,650,000) (296,334) -
Estimated losses from commitments
and contingencies (2,975,187) (2,975,187) (250,713) (534,449) (1,497,920) (636,589) (55,516)
Accruals and other liabilities (3,303,470) (3,303,470) (2,966,364) (23,549) (34,526) (232,750) (46,281)
Subordinated bonds (500,000) (500,296) (9,296) - (435,000) - (65,000)
(1,142,785,768) (1,143,055,362) (1,087,546,779) (45,354,507) (8,809,764) (1,177,515) (166,797)
Derivative financial liabilities
Financial liabilities at fair value
through profit or loss: (257,613)
Outflow (33,439,150) (26,618,772) (6,218,655) (601,723) - -
Inflow 33,152,453 26,411,154 6,151,332 589,967 - -
(257,613) (286,697) (207,618) (67,323) (11,756) - -
Administrative accounts
Unused credit facilities to
customers - committed (318,207,142) (318,207,142) - - - -
Unused credit facilities to
other banks - committed (2,411,712) (2,411,712) - - -
Irrevocable Letters of Credit facilities (10,055,508) (2,902,168) (5,172,370) (1,850,411) (130,559) -
Bank guarantees issued to
customers (26,725,750) (2,824,369) (6,462,513) (12,954,144) (4,477,494) (7,230)
(357,400,112) (326,345,391) (11,634,883) (14,804,555) (4,608,053) (7,230)
(1,143,043,381) (1,500,742,171) (1,414,099,788) (57,056,713) (23,626,075) (5,785,568) (174,027)
The tables above were prepared based on remaining contractual maturities of the financial
liabilities and irrevocable Letters of Credit facility, while for issued guarantee contracts and
unused committed credit facility were based on its earliest possible contractual maturity.
The Bank’s and Subsidiaries’ expected cash flows from these instruments vary significantly
from the above analysis. For example, current accounts and saving accounts are expected
to have a stable or increasing balance, or unused committed credit facility to
customers/other banks are not all expected to be drawn down immediately.
Page 114
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/100
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
c. Liquidity risk management (continued)
The nominal inflow and outflow disclosed in the above table represents the contractual
undiscounted cash flows relating to the principal and interest on the financial liabilities or
commitments. The disclosure for derivatives shows a gross inflow and outflow amount for
derivatives that have simultaneous gross settlement (e.g., foreign currency forward).
Analysis on the carrying value of financial assets and liabilities based on remaining
contractual maturities as of 31 December 2025 and 2024 are disclosed in Note 42.
d. Market risk management
i. Foreign exchange risk
The Bank conducts foreign currency trading in accordance with its internal policies and
regulations from Bank Indonesia (“PBI”) regarding Net Open Position (“NOP”).
The Bank's liabilities in foreign currencies consist of deposits and loans received in USD
and other foreign currencies. To comply with NOP regulations, the Bank maintains assets
consisting of placements with other banks and loans granted in USD and other foreign
currencies.
To measure foreign exchange risk on trading book, the Bank uses Value at Risk ("VaR")
method with Historical Simulation approach for the purpose of internal reporting,
meanwhile for the purpose of Bank's Capital Adequacy Ratio ("CAR") report, the Bank
used OJK standard method.
Bank’s sensitivity towards foreign currency is taken into account by using NOP information
translated to major foreign currency of the Bank, which is USD. The table below
summarises the Bank’s profit before tax sensitivity on changes of foreign exchange rate
as of 31 December 2025 and 2024:
Impact on profit before tax
+5% -5%
31 December 2025 11,027 (11,027)
31 December 2024 (32,644) 32,644
Information about Bank’s NOP as of 31 December 2025 and 2024 were disclosed in Note
49.
ii. Interest rate risk
Interest Rate Risk in the Banking Book
The measurement of IRRBB using 2 (two) methods is in accordance to Circular Letter of
OJK No. 12/SEOJK.03/2018 regarding the Implementation of Risk Management and
Standard Approach for Risk Measurement of Interest Rate Risk in Banking Book for
Conventional Banks:
a. Measurement based on the changes in the economic value of equity, which measures
the impact of changes in interest rates on the economic value of Bank equity; and
b. Measurement based on the changes in net interest income, which measures the
impact of changes in interest rates on the Bank's earnings.
To mitigate IRRBB, the Bank sets nominal limits for loans and fixed-interest banking book
securities, IRRBB limits and pricing strategies.
Page 115
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/101
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
d. Market risk management (continued)
ii. Interest rate risk (continued)
Interest Rate Risk in the Trading Book
The risk measurement is performed on Rupiah and USD which are then reported to ALCO.
To measure interest rate risk on the trading book, the Bank uses VaR method with
Historical Simulation approach for internal reporting purposes, while for the Minimum
Capital Adequacy Ratio calculation, the Bank uses OJK’s standard approach.
The Subsidiary is exposed to interest rate risk arising from consumer financing
receivables, factoring receivables, other receivables, the issuance of fixed rate bonds
payable. The Subsidiary manages the interest rate risk by diversifying its financing sources
to find the most suitable fixed interest rate to minimise mismatch.
The table below summarises the Group financial assets and liabilities (not measured at fair
value through profit or loss) at carrying amounts, categorised by the earlier of contractual re-
pricing or maturity dates:
2025
Floating interest rate Fixed interest rate
Up to 3 > 3 months - Up to 3 > 3 months - More than 1 Non-interest
months 1 year months 1 year year bearing Total
Financial assets
Current accounts with
Bank Indonesia 35,003,465 - - - - 12,764,813 47,768,278
Current accounts with
other banks - net 5,331,638 - - - - - 5,331,638
Placements with Bank
Indonesia
and other banks - net - - 9,317,853 43,738 451,950 - 9,813,541
Acceptance receivables - net 943,296 1,142,126 - - - 7,409,208 9,494,630
Bills receivable - net - - 8,223,200 3,601,895 - - 11,825,095
Securities purchased under
agreements to resell - net - - 5,077,533 207,980 - - 5,285,513
Loans receivable - net 656,510,614 32,837,399 6,023,764 20,453,597 224,655,826 - 940,481,200
Consumer financing
receivables - net - - 921,566 3,283,174 4,749,247 - 8,953,987
Finance lease
receivables - net - - 1,413 2,113 4,479 - 8,005
Assets related to sharia
transactions - murabahah
receivables - net - - 1,514,513 739,348 - - 2,253,861
Investment securities - net 17,202,927 - 8,846,073 132,592,763 250,172,591 606,646 409,421,000
Other assets - - 220,575 999 - 14,090,498 14,312,072
Total 714,991,940 33,979,525 40,146,490 160,925,607 480,034,093 34,871,165 1,464,948,820
Financial liabilities
Deposits from customers (1,039,130,070) - (190,183,523) (4,485,488) - - (1,233,799,081)
Sharia deposits - - - - - (4,727,157) (4,727,157)
Deposits from other banks (3,445,220) - (520,857) - - - (3,966,077)
Acceptance payables - - - - - (4,733,862) (4,733,862)
Borrowings - - (2,047,436) - - - (2,047,436)
Estimated losses from
commitments
and contingencies - - - - - (2,866,909) (2,866,909)
Accruals and other liabilities - - - (20,258) (4,940) (3,786,109) (3,811,307)
Subordinated bonds - - - - (65,000) - (65,000)
Total (1,042,575,290) - (192,751,816) (4,505,746) (69,940) (16,114,037) (1,256,016,289)
Interest rate re-pricing gap (327,583,350) 33,979,525 (152,605,326) 156,419,861 479,964,153 18,757,128 208,931,991
Page 116
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/102
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
d. Market risk management (continued)
ii. Interest rate risk (continued)
Interest Rate Risk in the Trading Book (continued)
The table below summarises the Group financial assets and liabilities (not measured at fair
value through profit or loss) at carrying amounts, categorised by the earlier of contractual re-
pricing or maturity dates: (continued)
2024
Floating interest rate Fixed interest rate
Up to 3 > 3 months - Up to 3 > 3 months - More than 1 Non-interest
months 1 year months 1 year year bearing Total
Financial assets
Current accounts with
Bank Indonesia 27,698,665 - - - - 8,709,477 36,408,142
Current accounts with
other banks - net 4,097,199 - - - - - 4,097,199
Placements with Bank
Indonesia
and other banks - net - - 15,666,963 47,921 - - 15,714,884
Acceptance receivables - net 1,955,788 806,752 - - - 6,858,507 9,621,047
Bills receivable - net - - 7,277,349 1,614,420 - - 8,891,769
Securities purchased under
agreements to resell - net - - 1,419,546 30,016 - - 1,449,562
Loans receivable - net 576,467,962 25,747,716 4,157,149 18,869,541 243,443,842 - 868,686,210
Consumer financing
receivables - net - - 1,128,167 3,396,858 4,910,539 - 9,435,564
Finance lease
receivables - net - - 12,234 21,776 17,032 - 51,042
Assets related to sharia
transactions - murabahah
receivables - net - - 1,296,757 628,127 - - 1,924,884
Investment securities - net 14,372,963 - 13,387,463 121,488,798 221,362,242 540,491 371,151,957
Other assets - - 150,653 152,646 - 13,412,678 13,715,977
Total 624,592,577 26,554,468 44,496,281 146,250,103 469,733,655 29,521,153 1,341,148,237
Financial liabilities
Deposits from customers (919,057,475) - (197,232,396) (4,323,796) - - (1,120,613,667)
Sharia deposits - - - - - (3,511,679) (3,511,679)
Deposits from other banks (3,610,441) - (45,857) - - - (3,656,298)
Acceptance payables - - - - - (4,651,955) (4,651,955)
Securities sold under
agreements to repurchase - - (1,330,996) - - - (1,330,996)
Borrowings - - (1,946,182) - (296,334) - (2,242,516)
Estimated losses from
commitments
and contingencies - - - - - (2,975,187) (2,975,187)
Accruals and other liabilities - - - - - (3,303,470) (3,303,470)
Subordinated bonds - - - - (500,000) - (500,000)
Total (922,667,916) - (200,555,431) (4,323,796) (796,334) (14,442,291) (1,142,785,768)
Interest rate re-pricing gap (298,075,339) 26,554,468 (156,059,150) 141,926,307 468,937,321 15,078,862 198,362,469
Fundamental reforms to benchmark interest rates are being carried out globally, including
the replacement of some Interbank Offered Rates (“IBORs”) with alternative interest rates
(referred to as the 'IBOR reform'). In Indonesia, JIBOR interest rates are being reformed with
Indonesia Overnight Index Average (“IndONIA”). determined as the alternative interest rates.
The Bank has no exposure derivative transactions that use JIBOR as a reference.
The Bank has prepared systems, procedures, valuations and market risk measurements to
accommodate new transactions using IndONIA.
Page 117
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/103
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
d. Market risk management (continued)
ii. Interest rate risk (continued)
Interest Rate Risk in the Trading Book (continued)
The main risk facing the Group as a result of the IBOR reform is operational, e.g.
renegotiation of loan contracts through bilateral negotiations with customers, renewal of
contract terms, renewal of the system using the IBOR curve and revision of operational
controls related to the reforms. The rate convention that will be used will take into account
the characteristics of the product, both derivative and non-derivative assets, as well as see
input and recommendations from representatives of financial associations and working
groups in force, in order to be able to provide accurate prices and mitigate risks arising from
interest rate risk.
e. Operational and consolidated risk management
This additional information is required by applicable regulations and is not required by Indonesian
Financial Accounting Standards. This additional information is part of Note 49 to the consolidated
financial statements:
i. Operational risk management
In order to control operational risk, the Bank manages three main aspects: People, Process,
and Technology. In the People aspect, the Bank increases awareness and develops HR
competencies related to risk. In the Process aspect, the Bank establishes operational risk
management policies and procedures applicable to the Bank's operations, including limit
setting. In the Technology aspect, the Bank implements governance, information security,
and information technology risk management, including cybersecurity, to mitigate risks
arising from IT utilization. Operational risk management is regularly reviewed and aligned with
regulatory requirements.
The Bank has qualified infrastructure to support implementation of operational risk
management, named Operational Risk Management Information System (“ORMIS”), which
consists of Risk and Control Self Assessment (“RCSA”), Loss Event Database (“LED”), and
Key Risk Indicator (“KRI”). This web-based application can be used by all working units to
help them in managing operational risk. In order to make implementation of operational risk
management more effective and efficient, the Bank continuously enhance the ORMIS in
accordance with the latest Bank operational activities. The Bank performs a risk assessment
process in product or activity development implemented.
Business Continuity Management (“BCM”)
The Bank implements Business Continuity Management (BCM) to mitigate the impact of
disruptions or failures due to technology, natural disasters, or other disasters on the Bank's
business operations. The implementation of BCM is supported by the Business Continuity
Management Policy (BCM) and Business Continuity Plan (BCP), which includes a crisis
management plan and crisis communication, Business Continuity awareness socialization
and periodic BCP testing, as well as the availability of a Disaster Recovery Center connected
to two main Data Centers, a Secondary Workplace, and a Command and Crisis Center.
Page 118
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/104
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
e. Operational and consolidated risk management (continued)
This additional information is required by applicable regulations and is not required by Indonesian
Financial Accounting Standards. This additional information is part of Note 49 to the consolidated
financial statements: (continued)
i. Operational risk management (continued)
Risk management related to Cybersecurity and Personal Data Protection (PDP)
With the rapid development of Information Technology, Banks are undertaking digital
transformation to improve operational efficiency and the quality of service to customers. On
the other hand, the use of IT also increases technology-related risks, including the risk of
system disruptions, cyberattacks, data breaches, and social engineering. To mitigate these
risks, Banks implement IT and cybersecurity risk management supported by an
organizational structure that adheres to regulatory requirements. Banks identify, measure,
and monitor risks and implement controls to ensure the sufficient application of cybersecurity
risk management, which are:
1. The Bank already has a risk management policy and procedure for cyber security and
information security and assessment of the digital maturity rate and cyber security risk
level periodically.
2. The Bank implements systems/technology to monitor, detect, and mitigate cyber
information system/security disruptions and has a Security Monitoring Center (SMC)
which operates 24/7 to monitor and respond to potential disruptions.
3. The Bank undertakes socialization and providing education to encourage a culture of
cyber security awareness to employees, customers and third parties continuously with
relevant material.
In connection with the PDP provisions, as well as the provision of digital services that result
in the need for processing customer personal data, the Bank implements:
1. PDP policies and procedures that include the use of technology and regular system
updates.
2. Employee training and awareness programs.
3. Evaluations to ensure that the steps taken are in line with regulatory developments and
customer needs.
4. The Bank has a unit that coordinates compliance with the PDP Law and appoints a
DPO (Data Protection Officer) in accordance with regulatory requirements.
ii. Consolidated risk management
The Bank implements risk management on a consolidated and integrated basis in
accordance with:
• OJK Regulation (POJK) No. 38/POJK.03/2017 dated 12 July 2017 regarding the
Implementation of Risk Management on a Consolidated Basis for Banks that Exercise
Control over Subsidiaries.
Page 119
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/105
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
e. Operational and consolidated risk management (continued)
This additional information is required by applicable regulations and is not required by Indonesian
Financial Accounting Standards. This additional information is part of Note 49 to the consolidated
financial statements: (continued)
ii. Consolidated risk management (continued)
The Bank implements risk management on a consolidated and integrated basis in
accordance with: (continued)
• OJK Regulation (POJK) No. 17/POJK.03/2014 dated 18 November 2014 regarding the
Implementation of Integrated Risk Management for Financial Conglomerates.
The implementation of such risk management refers to the provisions of the Financial
Services Authority (OJK), which include:
• Active supervision by the Board of Commissioners and the Board of Directors;
• Adequacy of policies, procedures, and limit-setting;
• Adequacy of processes for identification, measurement, monitoring, and control of
risks, as well as risk management information systems; and
• A comprehensive internal control system.
Referring to the concept for implementation of consolidated risk management, the
implementation of consolidated risk management duties and responsibilities are one of
the functions of the Risk Management Division which coordinates with the Risk
Management function implementation unit at each Financial Services Institution ("LJK") -
Subsidiaries in the financial conglomerate.
The Subsidiaries also implement risk management in accordance with regulatory
provisions and in line with the implementation of risk management in the Main Entity.
In applying Integrated Risk Management, The Bank as the Main Entity has:
1. Had a Director who oversaw the Integrated Risk Management function;
2. Formed Integrated Risk Management Committee ("KMRT");
3. Adjusting the organizational structure of the Risk Management Division to include
integrated risk management functions;
4. Compiled Basic Policy of Integrated Risk Management ("KDMRT") and several
policies related to the implementation of Integrated Risk Management;
5. Submitted to OJK:
a. Reports regarding the Main Entity and LJK included as members of the financial
conglomeration;
b. Integrated Risk Profile Report;
c. Integrated Capital Sufficiency Report;
d. Report on Changes in Members of the Financial Conglomeration.
6. Developed an Integrated Risk Management Information System used to support the
implementation of risk identification,measurement, monitoring, and control processes.
Page 120
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/106
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
41. RISK MANAGEMENT (continued)
e. Operational and consolidated risk management (continued)
This additional information is required by applicable regulations and is not required by Indonesian
Financial Accounting Standards. This additional information is part of Note 49 to the consolidated
financial statements: (continued)
ii. Consolidated risk management (continued)
In addition, the financial conglomerate has performed an integrated Stress Test to ensure
that capital and liquidity at the level of each entity and in an integrated manner are still
adequate in dealing with the worst scenario (stress).
42. MATURITY GAP OF FINANCIAL ASSETS AND LIABILITIES
The following table summarises the maturity gap profile of the Group financial assets and liabilities
based on the remaining period until the contractual maturity date as of 31 December 2025 and
2024:
2025
No
> 3 months - More than contractual
Up to 1 month > 1 - 3 months 1 years > 1 - 5 years 5 years maturity Total
Financial assets
Cash - - - - - 25,305,031 25,305,031
Current accounts with Bank Indonesia - - - - - 47,768,278 47,768,278
Current accounts with other banks - net 5,331,638 - - - - - 5,331,638
Placement with Bank Indonesia
and other banks - net 9,040,586 277,370 43,738 451,847 - - 9,813,541
Financial assets at fair value
through profit or loss 2,898,848 2,059,015 27,551,188 842,214 1,877,897 91,797 35,320,959
Acceptance receivables - net 2,645,794 3,529,458 3,139,857 179,521 - - 9,494,630
Bills receivable - net 2,518,692 5,887,133 3,419,270 - - - 11,825,095
Securities purchased under
agreements to resell - net 1,419,175 3,658,357 207,981 - - - 5,285,513
Loans receivable 57,393,520 80,163,792 227,970,594 291,542,414 313,162,914 - 970,233,234
Less:
Allowance for impairment losses (29,752,034)
Consumer financing receivable - net 72,104 136,847 781,795 7,875,061 88,180 - 8,953,987
Finance lease receivable - net 132 1,157 6,431 285 - - 8,005
Assets related to sharia
transactions - murabahah
receivables - net 766,281 748,232 739,348 - - - 2,253,861
Investment securities - net 6,321,372 3,573,868 132,550,525 203,338,412 63,030,177 606,646 409,421,000
Other assets - net 4,399,849 415,414 1,494,916 4,889,038 2,449,821 663,034 14,312,072
92,807,991 100,450,643 397,905,643 509,118,792 380,608,989 74,434,786 1,525,574,810
Financial liabilities
Deposits from customers (1,197,567,071) (31,930,057) (4,301,953) - - - (1,233,799,081)
Sharia deposits (4,727,157) - - - - - (4,727,157)
Deposits from other banks (3,963,945) (2,132) - - - - (3,966,077)
Financial liabilities at fair value
through profit or loss (53,224) (25,170) (18,432) (580) - - (97,406)
Acceptance payables (1,854,589) (1,937,405) (773,776) (168,092) - - (4,733,862)
Borrowings (1,397,436) (650,000) - - - - (2,047,436)
Estimated losses from
commitments
and contingencies (233,752) (510,706) (1,519,858) (560,896) (41,697) - (2,866,909)
Accruals and other liabilities (3,514,361) (9,256) (30,687) (207,313) (49,690) - (3,811,307)
Subordinated bonds - - - (65,000) - - (65,000)
(1,213,311,535) (35,064,726) (6,644,706) (1,001,881) (91,387) - (1,256,114,235)
Net position (1,120,503,544) 65,385,917 391,260,937 508,116,911 380,517,602 74,434,786 269,460,575
Page 121
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/107
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
42. MATURITY GAP OF FINANCIAL ASSETS AND LIABILITIES (continued)
The following table summarises the maturity gap profile of the Group financial assets and liabilities
based on the remaining period until the contractual maturity date as of 31 December 2025 and
2024: (continued)
2024
No
> 3 months - More than contractual
Up to 1 month > 1 - 3 months 1 years > 1 - 5 years 5 years maturity Total
Financial assets
Cash - - - - - 29,315,878 29,315,878
Current accounts with Bank Indonesia - - - - - 36,408,142 36,408,142
Current accounts with other banks - net 4,097,199 - - - - - 4,097,199
Placement with Bank Indonesia
and other banks - net 15,516,794 150,169 47,921 - - - 15,714,884
Financial assets at fair value
through profit or loss 739,047 277,077 18,003,066 864,695 1,613,660 27,072 21,524,617
Acceptance receivables - net 3,108,244 3,461,596 3,039,495 11,712 - - 9,621,047
Bills receivable - net 2,915,617 4,363,069 1,613,083 - - - 8,891,769
Securities purchased under
agreements to resell - net 1,368,661 51,834 29,067 - - - 1,449,562
Loans receivable 43,784,733 65,293,004 212,886,628 289,307,914 290,038,574 - 901,310,853
Less:
Allowance for impairment losses (33,308,875)
Consumer financing receivable - net 152,256 516,518 1,007,550 7,516,496 242,744 - 9,435,564
Finance lease receivable - net 903 1,044 20,753 28,342 - - 51,042
Assets related to sharia
transactions - murabahah
receivables - net 512,710 784,048 628,126 - - - 1,924,884
Investment securities - net 11,553,498 3,716,110 121,794,187 204,087,279 29,460,391 540,492 371,151,957
Other assets - net 4,641,823 379,403 1,257,897 5,202,181 1,799,609 435,064 13,715,977
88,391,485 78,993,872 360,327,773 507,018,619 323,154,978 66,726,648 1,391,304,500
Financial liabilities
Deposits from customers (1,073,347,050) (42,976,722) (4,289,895) - - - (1,120,613,667)
Sharia deposits (3,511,679) - - - - - (3,511,679)
Deposits from other banks (3,621,166) (35,132) - - - - (3,656,298)
Financial liabilities at fair value
through profit or loss (176,640) (68,348) (12,625) - - - (257,613)
Securities sold under
agreement to repurchase (1,330,996) - - - - - (1,330,996)
Acceptance payables (1,953,035) (1,784,655) (902,423) (11,842) - - (4,651,955)
Borrowings (296,182) - (1,650,000) (296,334) - - (2,242,516)
Estimated losses from
commitments
and contingencies (250,713) (534,449) (1,497,920) (636,589) (55,516) - (2,975,187)
Accruals and other liabilities (2,966,364) (23,549) (34,526) (232,750) (46,281) - (3,303,470)
Subordinated bonds - - (435,000) - (65,000) - (500,000)
(1,087,453,825) (45,422,855) (8,822,389) (1,177,515) (166,797) - (1,143,043,381)
Net position (999,062,340) 33,571,017 351,505,384 505,841,104 322,988,181 66,726,648 248,261,119
43. CAPITAL MANAGEMENT
The primary objective of the Bank’s capital management policy is to ensure that the Bank has a
strong capital to support the Bank’s current business expansion strategy and to sustain future
development of the business, to meet regulatory capital adequacy requirements and also to ensure
the efficiency of the Bank’s capital structure.
The Bank prepares the Capital Plan based on assessment of and review over the capital situation
in terms of the legal capital adequacy requirement, combined with current economic outlook
assessment and the result of stress testing method. The Bank will continue to link financial goals
and capital adequacy to risk appetite through the capital planning process and stress testing and
assess the businesses based on Bank’s capital and liquidity requirements.
The Bank’s capital needs are also planned and discussed on a routine basis, supported by data
analysis.
The Capital Plan is prepared by the Board of Directors as part of the Bank’s Business Plan and
approved by the Board of Commissioners. This plan is expected to ensure an adequate level of
capital and optimum capital structure.
Page 122
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/108
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
43. CAPITAL MANAGEMENT (continued)
Based on BI Regulation No. 8/6/PBI/2006 dated 30 January 2006 and BI Circular Letter
No. 8/27/DPNP dated 27 November 2006 requires all banks to meet Capital Adequacy Ratio
(“CAR”) requirements for the bank on an individual and consolidated basis. The calculation of
minimum CAR on consolidated basis is performed by calculating capital and Risk-Weighted Assets
(“RWAs”) based on risks from consolidated financial statements as provided in the prevailing Bank
Indonesia Regulations.
BI Circular Letter No. 11/3/DPNP dated 27 January 2009 requires all banks in Indonesia with
certain qualification to take into account operational risk in the CAR calculation.
The Bank is required to provide minimum capital according to the risk profile on 31 December 2025
and 2024 in accordance with Financial Services Authority Regulation No. 27 Year 2022 dated 26
December 2022 concerning the Second Amendment to Financial Services Authority Regulation
No. 11/POJK.03/2016 concerning Minimum Capital Adequacy Requirements for Commercial
Banks, Financial Services Authority Regulation No. 34/POJK.03/2016 dated 22 September 2016
concerning Amendments to Financial Services Authority Regulation No. 11/POJK.03/2016
concerning Minimum Capital Adequacy Requirements for Commercial Banks, and Financial
Services Authority Regulation No. 11/POJK.03/2016 dated 29 January 2016 concerning Minimum
Capital Adequacy Requirement for Commercial Banks.
The Bank calculates its capital requirements based on the prevailing OJK Regulations, where the
regulatory capital consisted of two tiers:
• Core Capital (Tier 1), which includes:
1. Common Equity (CET 1), which includes issued and fully paid-up capital (after deduction
of treasury stock), additional paid-up capital, allowable non-controlling interest and
deductions from Common Equity.
2. Additional Core Capital.
• Supplementary Capital (Tier 2), which includes capital instrument in form of shares or other
allowable instruments, agio or disagio from supplementary capital issuance, required general
allowance for productive assets (maximum of 1.25% RWAs credit risk), and deductions from
tier 2 capital.
The information regarding the Capital Adequacy Ratio (CAR) as of 31 December 2025 and 2024
is disclosed in Note 49.
44. NON-CONTROLLING INTEREST
The movement of non-controlling interest in net assets of Subsidiaries was as follows:
2025 2024
Beginning balance 194,466 181,337
Non-controlling interest portion of Subsidiaries net profit
during the year 25,806 14,969
Increase (decrease) of non-controlling interest from
other comprehensive income of Subsidiaries
during the year 10,924 (1,840)
Other equity components (10,119) -
Ending balance 221,077 194,466
Page 123
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/109
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES
Related parties Nature of relationship Nature of transaction
PT Dwimuria Investama Andalan Shareholder Deposits from customers
Dana Pensiun BCA Employer pension fund Pension fund contribution,
deposits from customers
Dwi Cermat Pte, Ltd Owned by the same ultimate Deposits from customers
shareholder
Konsorsium Iforte HTS Owned by the same ultimate Deposits from customers
shareholder
PT Abadi Tambah Mulia Owned by the same ultimate Loans receivable, deposits from
Internasional shareholder customers
PT Adiwisesa Mandiri Building Owned by the same ultimate Loans receivable, deposits from
Product Indonesia shareholder customers
PT Agregasi Cermat Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Agro Sinarjaya Owned by the same ultimate Deposits from customers
shareholder
PT Akar Inti Data Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Akar Inti Investama Owned by the same ultimate Deposits from customers
shareholder
PT Akar Inti Solusi Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance
PT Akar Inti Teknologi Owned by the same ultimate Deposits from customers, bank
shareholder guarantee issuance
PT Alpha Merah Kreasi Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Altius Bahari Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Alto Halodigital International Owned by the same ultimate Deposits from customers
shareholder
PT Alto Network Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance
PT Aman Cermat Cepat Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Andil Bangunsekawan Owned by the same ultimate Deposits from customers
shareholder
PT Aneka Bumi Cipta Owned by the same ultimate Deposits from customers
shareholder
PT Angkasa Komunikasi Global Owned by the same ultimate Deposits from customers, bank
Utama shareholder guarantee issuance
PT Ardijaya Karya Appliances Owned by the same ultimate Deposits from customers
Product Manufacturing shareholder
PT Arta Karya Adhiguna Owned by the same ultimate Deposits from customers
shareholder
PT Artha Dana Teknologi Owned by the same ultimate Deposits from customers
shareholder
PT Artha Investa Teknologi Owned by the same ultimate Deposits from customers
shareholder
PT Artha Mandiri Investama Owned by the same ultimate Deposits from customers
shareholder
Page 124
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/110
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES (continued)
Related parties Nature of relationship Nature of transaction
PT Astama Loka Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Bach Multi Global Owned by the same ultimate Deposits from customers
shareholder
PT Bahtera Maju Selaras Owned by the same ultimate Deposits from customers
shareholder
PT Bangun Loka Indah Owned by the same ultimate Deposits from customers
shareholder
PT Bangun Media Indonesia Owned by the same ultimate Loans receivable, deposits from
shareholder customers, letter of credit
PT Bangun Mustika Owned by the same ultimate Deposits from customers
Pratama shareholder
PT Berjaya Agung Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Bhumi Mahardika Jaya Owned by the same ultimate Deposits from customers
shareholder
PT Bit Teknologi Nusantara Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Broadband Wahana Asia Owned by the same ultimate Deposits from customers
shareholder
PT Bukit Muria Jaya Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Bukit Muria Jaya Estate Owned by the same ultimate Deposits from customers
shareholder
PT Bumi Aman Sejahtera Owned by the same ultimate Deposits from customers
shareholder
PT Bumi Raya Sakti Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Caturguwiratna Sumapala Owned by the same ultimate Deposits from customers
shareholder
PT Cermati Pialang Asuransi Owned by the same ultimate Deposits from customers
shareholder
PT Cipta Karya Bumi Indah Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Ciptakreasi Buana Persada Owned by the same ultimate Deposits from customers
shareholder
PT Citra Teknologi Pintar Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Darta Media Indonesia Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Dasakreasi Anekacipta Owned by the same ultimate Deposits from customers
shareholder
PT Dekoruma Inovasi Lestari Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Dekoruma Niaga Sejahtera Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance
PT Digital Data Teknologi Terdepan Owned by the same ultimate Deposits from customers
shareholder
PT Digital Mebelindo Cemerlang Owned by the same ultimate Deposits from customers
shareholder
PT Digital Otomotif Indonesia Owned by the same ultimate Loans receivable, deposits from
shareholder customers
Page 125
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/111
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES (continued)
Related parties Nature of relationship Nature of transaction
PT Djarum Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Djelas Tandatangan Bersama Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Dwi Cermat Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Dwi Putri Selaras Owned by the same ultimate Deposits from customers
shareholder
PT Dynamo Media Network Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Ecogreen Oleochemicals Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance, letter of credit
PT Energi Batu Hitam Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance, letter of credit
PT Eragraha Pirantimegah Owned by the same ultimate Deposits from customers
shareholder
PT Fajar Surya Perkasa Owned by the same ultimate Deposits from customers
shareholder
PT Farindo Investama Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Fira Makmur Sejahtera Owned by the same ultimate Deposits from customers
shareholder
PT Futami Food & Beverages Owned by the same ultimate Deposits from customers, bank
shareholder guarantee issuance
PT Gajah Merah Terbang Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT General Buditekindo Owned by the same ultimate Deposits from customers
shareholder
PT Global Astha Niaga Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Dairi Alami Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Danapati Niaga Owned by the same ultimate Deposits from customers
shareholder
PT Global Digital Niaga Tbk Owned by the same ultimate Deposits from customers, bank
shareholder guarantee issuance, letter of
credit
PT Global Digital Prima Owned by the same ultimate Deposits from customers
shareholder
PT Global Digital Ritelindo Owned by the same ultimate Deposits from customers
shareholder
PT Global Distribusi Nusantara Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Distribusi Vitara Owned by the same ultimate Deposits from customers
shareholder
PT Global Distribusi Paket Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Distribusi Pusaka Owned by the same ultimate Deposits from customers, bank
shareholder guarantee issuance
Page 126
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/112
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES (continued)
Related parties Nature of relationship Nature of transaction
PT Global Harapan Nawasena Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Indonesia Komunikatama Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Infrastruktur Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Global Inti Nawasena Owned by the same ultimate Deposits from customers
shareholder
PT Global Investama Andalan Owned by the same ultimate Deposits from customers
shareholder
PT Global Kassa Sejahtera Owned by the same ultimate Deposits from customers
shareholder
PT Global Media Visual Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Natura Produk Owned by the same ultimate Deposits from customers
shareholder
PT Global Poin Indonesia Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Teknologi Niaga Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Telekomunikasi Prima Owned by the same ultimate Deposits from customers
shareholder
PT Global Tiket Network Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance
PT Global Visi Media Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Global Visitama Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Globalnet Aplikasi Indotravel Owned by the same ultimate Deposits from customers
shareholder
PT Globalnet Sejahtera Owned by the same ultimate Deposits from customers
shareholder
PT Gonusa Prima Distribusi Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance
PT Graha Padma Internusa Owned by the same ultimate Deposits from customers
shareholder
PT Grand Indonesia Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance, office rental
transactions
PT Grand Teknologi Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Griya Karya Mandiri Owned by the same ultimate Deposits from customers
shareholder
PT Griya Miesejati Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Griya Muria Kencana Owned by the same ultimate Deposits from customers
shareholder
PT Halmahera Jaya Feronikel Owned by the same ultimate Deposits from customers
shareholder
PT Hartono Istana Teknologi Owned by the same ultimate Loans receivable, deposits from
shareholder customers, letter of credit
Page 127
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/113
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES (continued)
Related parties Nature of relationship Nature of transaction
PT Hartono Plantation Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Harum Lumbung Bersama Owned by the same ultimate Deposits from customers
shareholder
PT Hidup Bermakna Selamanya Owned by the same ultimate Deposits from customers
shareholder
PT Iforte Energi Nusantara Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Iforte Gilang Pertiwi Utama Owned by the same ultimate Deposits from customers
shareholder
PT Iforte Global Internet Owned by the same ultimate Deposits from customers
shareholder
PT Iforte Payment Infrastructure Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Iforte Solusi Infotek Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Indah Bumi Lestari Owned by the same ultimate Deposits from customers
shareholder
PT Indo Paramita Sarana Owned by the same ultimate Deposits from customers
shareholder
PT Indodana Multi Finance Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Intershop Prima Center Owned by the same ultimate Deposits from customers
shareholder
PT Inti Bangun Sejahtera Tbk Owned by the same ultimate Deposits from customers
shareholder
PT Istana Kencana Mulia Owned by the same ultimate Deposits from customers
shareholder
PT Jasa Semesta Utama Owned by the same ultimate Deposits from customers
shareholder
PT Kalimusada Motor Owned by the same ultimate Deposits from customers
shareholder
PT Kartika Sanur Cemerlang Owned by the same ultimate Deposits from customers
shareholder
PT Karya Muria Cemerlang Owned by the same ultimate Deposits from customers
shareholder
PT Kencana Muria Jaya Owned by the same ultimate Deposits from customers
shareholder
PT Komet Infra Nusantara Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Kudos Istana Furniture Owned by the same ultimate Deposits from customers
shareholder
PT Kumparan Kencana Electrindo Owned by the same ultimate Deposits from customers
shareholder
PT Kurio Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Legal Tekno Digital Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Legian Paradise Owned by the same ultimate Deposits from customers
shareholder
PT Lingkarmulia Indah Owned by the same ultimate Deposits from customers
shareholder
PT Lintas Cipta Media Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Lunar Inovasi Teknologi Owned by the same ultimate Loans receivable, deposits from
shareholder customers
Page 128
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/114
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES (continued)
Related parties Nature of relationship Nature of transaction
PT Mandala Pusaka Nusantara Owned by the same ultimate Deposits from customers
shareholder
PT Marga Sadhya Swasti Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Margo Hotel Development Owned by the same ultimate Deposits from customers
shareholder
PT Margo Property Development Owned by the same ultimate Deposits from customers
shareholder
PT Mars Multi Mandiri Owned by the same ultimate Deposits from customers
shareholder
PT Media Digital Historia Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Merah Cipta Media Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Merah Putih Colony Owned by the same ultimate Deposits from customers
shareholder
PT Mitra Media Integrasi Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Momentum Global Pratama Owned by the same ultimate Deposits from customers
shareholder
PT Muria Manis Nusantara Owned by the same ultimate Deposits from customers
shareholder
PT Muria Mekar Indah Owned by the same ultimate Deposits from customers
shareholder
PT Muria Sumba Manis Owned by the same ultimate Deposits from customers
shareholder
PT Muriafood Sapta Jaya Owned by the same ultimate Deposits from customers
shareholder
PT Narasi Akal Jenaka Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Narasi Citra Sahwahita Owned by the same ultimate Deposits from customers
shareholder
PT Natura Perisa Aroma Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Nava Samudra Ambara Owned by the same ultimate Deposits from customers
shareholder
PT Nova Digital Perkasa Owned by the same ultimate Deposits from customers
shareholder
PT Orbit Abadi Sakti Owned by the same ultimate Deposits from customers
shareholder
PT Peniti Sungai Purun Owned by the same ultimate Deposits from customers
shareholder
PT Pindaruma Casa Sentosa Owned by the same ultimate Deposits from customers
shareholder
PT Pradipta Mustika Cipta Owned by the same ultimate Deposits from customers
shareholder
PT Pratama Nusantara Sakti Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Prema Gandharva Asia Owned by the same ultimate Loans receivable, deposits from
shareholder customers
Page 129
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/115
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES (continued)
Related parties Nature of relationship Nature of transaction
PT Prima Top Boga Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance
PT Profesional Telekomunikasi Owned by the same ultimate Loans receivable, deposits from
Indonesia shareholder customers
PT Promedia Punggawa Satu Owned by the same ultimate Deposits from customers
shareholder
PT Promoland Indowisata Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance
PT Prosa Solusi Cerdas Owned by the same ultimate Deposits from customers
shareholder
PT Puri Bumi Lestari Owned by the same ultimate Deposits from customers
shareholder
PT Puri Dibya Property Owned by the same ultimate Deposits from customers
shareholder
PT Puri Padma Management Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Puri Zuqni Owned by the same ultimate Deposits from customers
shareholder
PT Quattro International Owned by the same ultimate Deposits from customers
shareholder
PT Raharja Dipta Lestari Owned by the same ultimate Deposits from customers
shareholder
PT Rajawali Inti Selular Owned by the same ultimate Deposits from customers
shareholder
PT Remala Abadi Tbk Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Resinda Prima Entertama Owned by the same ultimate Deposits from customers
shareholder
PT Sapta Adhikari Investama Owned by the same ultimate Deposits from customers
shareholder
PT Sarana Kencana Mulya Owned by the same ultimate Deposits from customers, letter of
shareholder credit
PT Sarana Menara Nusantara Tbk Owned by the same ultimate Deposits from customers
shareholder
PT Sasana Cipta Mulia Owned by the same ultimate Deposits from customers
shareholder
PT Savoria Adi Rasa Owned by the same ultimate Deposits from customers
shareholder
PT Savoria Kreasi Rasa Owned by the same ultimate Deposits from customers, bank
shareholder guarantee issuance, letter of
credit
PT Semesta Cipta Internasional Owned by the same ultimate Deposits from customers, bank
shareholder guarantee issuance
PT Semesta Industri Pratama Owned by the same ultimate Deposits from customers
shareholder
PT Seminyak Mas Propertindo Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Sentral Investama Andalan Owned by the same ultimate Deposits from customer
shareholder
PT Sewu Nayaga Tembaya Owned by the same ultimate Deposits from customers
shareholder
Page 130
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/116
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES (continued)
Related parties Nature of relationship Nature of transaction
PT Sinergi Bumi Cipta Owned by the same ultimate Deposits from customers
shareholder
PT Solusi Ruma Sentosa Owned by the same ultimate Deposits from customers
shareholder
PT Solusi Tunas Pratama Tbk Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Subang Artha Sejahtera Owned by the same ultimate Deposits from customers
shareholder
PT Subang Sarana Investasi Owned by the same ultimate Deposits from customers
shareholder
PT Subang Sejahtera Indonesia Owned by the same ultimate Deposits from customers
shareholder
PT Sumber Kopi Prima Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Supra Boga Lestari Tbk Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Supra Kreatif Mandiri Owned by the same ultimate Deposits from customers
shareholder
PT Supra Mas Mandiri Owned by the same ultimate Deposits from customers
shareholder
PT Surya Centra Industri Owned by the same ultimate Deposits from customers
shareholder
PT Surya Energi Parahita Owned by the same ultimate Loans receivable, deposits from
shareholder customers, bank guarantee
issuance
PT Surya Siti Indotama Owned by the same ultimate Deposits from customers
shareholder
PT Surya Subang Smartpolitan Owned by the same ultimate Deposits from customers
shareholder
PT Suryacipta Swadaya Owned by the same ultimate Deposits from customers
shareholder
PT Suryacipta Swadaya Infrastruktur Owned by the same ultimate Deposits from customers
shareholder
PT Timur Persada Lestari Owned by the same ultimate Deposits from customers
shareholder
PT Tira Timur Lestari Owned by the same ultimate Deposits from customers
shareholder
PT Tricipta Mandhala Gumilang Owned by the same ultimate Deposits from customers
shareholder
PT Trigana Putra Mandiri Owned by the same ultimate Deposits from customers
shareholder
PT Tunas Nusantara Persada Owned by the same ultimate Deposits from customers
shareholder
PT Varnion Technology Semesta Owned by the same ultimate Loans receivable, deposits from
shareholder customers
PT Verve Persona Estetika Owned by the same ultimate Deposits from customers
shareholder
Page 131
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/117
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES (continued)
Related parties Nature of relationship Nature of transaction
PT Visinema Pictures Owned by the same ultimate Loans receivable, deposits from
shareholder customers
Key management personnel Bank’s Board of Commissioners Loans receivable, deposits from
and Board of Directors customers, employee benefits
The Bank’s controlling individuals Shareholder Loans receivable, deposits from
and their family members customers
In the normal course of business, the Bank has transactions with related parties due to their
common ownership and/or management. All transactions with related parties are conducted with
agreed terms and conditions.
The details of significant balances and transactions with related parties that were not consolidated
as of 31 December 2025 and 2024, and for the years then ended were as follows:
2025 2024
Percentage to Percentage to
Amount total Amount total
Loans receivable*) (Note 12) 11,485,252 1.18% 7,230,509 0.80%
Right-of-use asset - net**) (Note 16) 230,160 0.81% 243,940 0.86%
Other assets***) (Note 18) 9,835 0.04% 9,511 0.04%
Deposits from customers (Note 19) 3,121,310 0.25% 3,235,633 0.29%
Unused credit facilities to customers (Note 27) 6,257,488 1.39% 3,941,255 0.96%
Letter of credit facilities to customers (Note 27) 306,684 3.00% 811,681 8.07%
Bank guarantee issued to customers (Note 27) 322,047 1.10% 373,742 1.40%
Interest and sharia income (Note 28) 532,154 0.54% 487,674 0.51%
Interest and sharia expenses (Note 29) 38,872 0.29% 42,367 0.34%
Pension plan contribution (Note 33) 310,369 79.44% 290,843 78.81%
Rental expenses (Note 34) 13,398 1.00% 13,398 1.17%
*)
Before allowance for impairment losses.
**)
Represent right-of-use asset to PT Grand Indonesia.
***)
Represent security deposits to PT Grand Indonesia.
Compensations for key management personnel of the Bank (Note 1e) were as follows:
2025 2024
Short-term employee benefits (including tantiem) 1,148,392 1,125,485
Long-term employee benefits 42,593 40,680
Total 1,190,985 1,166,165
Rental agreement with PT Grand Indonesia
On 11 April 2006, the Bank signed a rental agreement with PT Grand Indonesia (a related party),
in which the Bank agreed to lease, on a long-term basis, the office space from PT Grand Indonesia
with a total area of 28,166.88 sqm at an amount of USD 35,631,103.20, including Value Added
Tax (“VAT”), with an option to lease for long-term additional space of 3,264.80 sqm at an amount
of USD 4,129,972, including VAT. This rental transaction was approved by the Board of Directors
and Shareholders in the Bank’s Extraordinary General Meeting of Shareholders on 25 November
2005 (the minutes of meeting was drawn up by Notary Hendra Karyadi, S.H., with Deed No. 11).
This rental agreement started on 1 July 2007 and will end on 30 September 2035.
Page 132
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/118
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
45. TRANSACTIONS AND BALANCES WITH RELATED PARTIES (continued)
As of 31 December 2025 and 2024, right-of-use asset to PT Grand Indonesia amounted to Rp
230,160 and Rp 243,940, of these amount, Rp 131,743 and Rp 144,024, respectively has been
fully paid. The finance lease obligation to PT Grand Indonesia which was recorded on
31 December 2025 and 2024 were Rp 100,105 and Rp 103,298, respectively.
46. NET PAYABLE RECONCILIATION
2025
Securities
Debt sold under
Subordinated securities agreements to
bonds issued Borrowings repurchase
Net payable 31 December 2024 500,000 - 2,242,516 1,330,996
Cash flow:
Proceeds from borrowings - - 60,800,000
Payment of borrowings - - (60,995,080) -
Payment of securities sold under agreements
to repurchase - - - (1,330,996)
Payment of subordinated bonds (435,000) - - -
Net payable 31 December 2025 65,000 - 2,047,436 -
2024
Securities
Debt sold under
Subordinated securities agreements to
bonds issued Borrowings repurchase
Net payable 31 December 2023 500,000 - 1,629,626 1,054,780
Cash flow:
Proceeds from borrowings - - 73,287,728 -
Payment of borrowings - - (72,680,017) -
Proceeds from securities sold under agreements
to repurchase - - - 559,231
Payment of securities sold under agreements
to repurchase - - - (286,805)
Non-cash changes:
Adjustment of foreign currency - - 5,179 3,790
Net payable 31 December 2024 500,000 - 2,242,516 1,330,996
47. GUARANTEES ON THE OBLIGATIONS OF DOMESTIC BANKS
Based on Law No. 24 regarding Deposit Insurance Corporation (“LPS”) dated 22 September 2004,
effective since 22 September 2004, the LPS was established to provide guarantee on certain
deposits from customers based on prevailing guarantee schemes, the amount of which is subject
to change if they meet certain applicable schemes. The law was changed with the Government
Regulation as the Replacement of Law No. 3 Year 2008, which was stipulated as a law since
13 January 2009 based on the Republic of Indonesia Law No. 7 Year 2009.
Based on the Government of Republic of Indonesia Regulation No. 66/2008 dated 13 October
2008 regarding the deposit amount guaranteed by LPS, as of 31 December 2025 and 2024, the
deposit amount guaranteed by LPS for every customer in a bank was a maximum of Rp 2,000.
As of 31 December 2025 and 2024, the Bank was the participant of this guarantee scheme.
Page 133
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/119
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
48. ACCOUNT RECLASSIFICATION
Few accounts in the consolidated statements of profit or loss and other comprehensive income
for the year ended 31 December 2024 were reclassified in order to be in conformity with
presentation of the consolidated statements of profit or loss and other comprehensive income for
the year ended ended 31 December 2025:
31 December 2024
Before After
Reclassification Reclassification Reclassification
OPERATING INCOME AND EXPENSES
Insurance income - 3,110,733 3,110,733
Insurance expense - (1,753,761) (1,753,761)
OTHER OPERATING INCOME///
Others 5,207,929 (3,110,733) 2,097,196
a
OTHER OPERATING EXPENSES///
// Others (3,735,854) 1,753,761 (1,982,093)
49. ADDITIONAL INFORMATION NOT REQUIRED BY THE FINANCIAL ACCOUNTING
STANDARDS
This additional information is required by the applicable regulations and is not mandated by the
Financial Accounting Standards in Indonesia. This additional information is part of Note 49 to the
consolidated financial statements:
a. Reserve Requirements (“RR”) and Macroprudential Liquidity Buffer (“MPLB”)
Current accounts with Bank Indonesia are provided to comply with the Reserve Requirement
(“RR”) of Bank Indonesia, On 31 December 2025 and 2024, the Ratio of Rupiah and Foreign
Currencies RR as well as the Ratio of Macroprudential Liquidity Buffer (“MPLB”) that must be
met by the Bank are as follows:
2025 2024
Rupiah
- RR 4.60% 5.00%
(i) RR on daily basis 0.00% 0.00%
(ii) RR on average basis 9.00% 9.00%
(iii) RR reduction incentives -4.40% -4.00%
- MIR 1.00% 0.72%
- MPLB 4.00% 5.00%
Foreign currencies
- RR 4.00% 4.00%
(i) RR on daily basis 2.00% 2.00%
(ii) RR on average basis 2.00% 2.00%
RR is a minimum reserve that should be maintained by the Bank in the form of current accounts
with Bank Indonesia, MPLB is a minimum liquidity reserves that should be maintained by Bank,
in the form of Bank Indonesia Certificates (“SBI”), Bank Indonesia Deposit Certificates
(“SDBI”), Treasury Bills (“SBN”), Sekuritas Rupiah Bank Indonesia (“SRBI”) which is
determined by Bank Indonesia at certain percentage of the Bank’s Third Party Fund.
Page 134
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/120
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
49. ADDITIONAL INFORMATION NOT REQUIRED BY THE FINANCIAL ACCOUNTING
STANDARDS (continued)
This additional information is required by the applicable regulations and is not mandated by the
Financial Accounting Standards in Indonesia. This additional information is part of Note 49 to the
consolidated financial statements: (continued)
a. Reserve Requirements (“RR”) and Macroprudential Liquidity Buffer (“MPLB”) (continued)
As of 31 December 2025 and 2024, the Bank has fulfilled the RR ratios in Rupiah and foreign
currencies, and MPLB ratios as follows:
2025 2024
Rupiah
- RR 4.62% 5.04%
(i) RR on daily basis 0.00% 0.00%
(ii) RR on average basis 4.62% 5.04%
- MIR 1.00% 0.72%
- MPLB 33.54% 30.56%
Foreign currencies
- RR 4.27% 4.22%
(i) RR on daily basis 2.00% 2.00%
(ii) RR on average basis 2.27% 2.22%
b. Legal Lending Limit
As of 31 December 2025 and 2024, the Bank at individual level and at consolidated level,
complied with Legal Lending Limit (“LLL”) requirements for both related parties and third
parties.
c. Ratio of Small Enterprises Loans to Loans Receivable
Ratio of small enterprises loans to loans receivable provided by Bank as of 31 December 2025
and 2024 was 6.61% and 6.24%, respectively.
d. Loans Receivables
Non-Performing Loan
The Bank’s non-performing loans (classified as sub-standard, doubtful and loss) as of
31 December 2025 and 2024 amounting to Rp 15.965.436 and Rp 15,498,016, respectively.
As of 31 December 2025, the ratio of gross non-performing loan (“NPL”) and net NPL was 1.71%
and 0.67% (2024: 1.78% and 0.59%), which was calculated based on prevailing POJK.
Page 135
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/121
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
49. ADDITIONAL INFORMATION NOT REQUIRED BY THE FINANCIAL ACCOUNTING
STANDARDS (continued)
This additional information is required by the applicable regulations and is not mandated by the
Financial Accounting Standards in Indonesia. This additional information is part of Note 49 to the
consolidated financial statements: (continued)
e. Monetary Assets And Liabilities In Foreign Currencies
Balances of monetary assets and liabilities in foreign currencies were as follows:
2025
Rupiah
USD JPY AUD SGD CNH Others*) equivalent
Monetary assets
Cash 27,888 363,698 12,616 10,697 3,125 11,615 984,277
Current accounts with Bank Indonesia 226,490 - - - - - 3,776,726
Current accounts with other banks - net 107,508 7,140,717 29,975 53,646 143,293 74,038 5,159,327
Placements with Bank Indonesia and
other banks - net 287,505 - - 227,877 99,946 - 7,986,955
Financial assets at fair value
through profit or loss 266,161 - 1,463 - 7,998 - 4,473,625
Acceptance receivables - net 215,906 1,029,424 - 149 582,237 26,994 5,550,561
Bills receivable - net 460,243 - - - 106,595 145 7,931,191
Loans receivable - net 2,795,301 - 3,399 32,802 211,377 - 47,578,968
Investment securities - net 608,993 - - - - - 10,154,961
Other assets - net 47,591 1,821 29 223 1,724 104 802,852
5,043,586 8,535,660 47,482 325,394 1,156,295 112,896 94,399,443
Monetary liabilities
Deposits from customers 4,257,137 12,431,916 71,902 487,862 706,088 148,815 83,604,278
Deposits from other banks 84,684 - 10,884 2,102 424 176 1,564,692
Financial liabilities at fair value 823 - - - - - 13,716
Acceptance payables 124,707 702,415 - 150 480,096 13,350 3,523,882
Borrowings 91 - - - - - 1,525
Estimated losses from commitment and
contingencies 12,417 759 - 431 407 81 215,048
Accruals and other liabilities 983 194,248 206 499 7,008 1,646 90,016
4,480,842 13,329,338 82,992 491,044 1,194,023 164,068 89,013,157
2024
Rupiah
USD JPY AUD SGD CNH Others*) equivalent
Monetary assets
Cash 70,986 265,867 6,098 16,093 7,158 12,783 1,643,052
Current accounts with Bank Indonesia 216,181 - - - - - 3,479,439
Current accounts with other banks - net 74,914 10,807,107 32,095 63,270 110,917 24,210 4,023,489
Placements with Bank Indonesia and
other banks - net 534,394 - 49,973 59,999 124,998 31,829 10,599,225
Financial assets at fair value
through profit or loss 22,847 - - - - - 367,726
Acceptance receivables - net 280,067 966,736 - 548 314,834 17,319 5,584,679
Bills receivable - net 300,269 3,392 - - 253,504 - 5,394,469
Loans receivable - net 2,427,065 - 3,372 39,878 - - 39,569,708
Investment securities - net 599,316 - - - - - 9,645,985
Other assets - net 26,768 1,982 119 517 - 105 445,329
4,552,807 12,045,084 91,657 180,305 811,413 86,246 80,753,101
Monetary liabilities
Deposits from customers 4,050,424 10,441,676 79,216 387,116 - 101,196 74,864,906
Deposits from other banks 86,153 - 12,547 1,592 - - 1,531,742
Financial liabilities at fair value 2,023 - - - - - 32,568
Acceptance payables 152,697 587,406 - 548 - 14,193 3,330,866
Securities sold under agreement to
repurchase - - - - - - -
Borrowings - - - - - - -
Estimated losses from commitment and
contingencies 15,231 1,426 2 669 - 55 254,516
Accruals and other liabilities 943 76,362 - 298 - 550 38,677
4,325,218 11,106,870 91,765 390,223 - 115,994 80,348,879
*) Assets and liabilities denominated in other foreign currencies are presented as USD equivalents using the exchange rate prevailing at end of the reporting
period.
Page 136
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/122
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
49. ADDITIONAL INFORMATION NOT REQUIRED BY THE FINANCIAL ACCOUNTING
STANDARDS (continued)
This additional information is required by the applicable regulations and is not mandated by the
Financial Accounting Standards in Indonesia. This additional information is part of Note 49 to the
consolidated financial statements: (continued)
e. Monetary Assets And Liabilities In Foreign Currencies (continued)
Net Open Position
The Bank’s net foreign exchange positions (Net Open Position or “NOP”) as of 31 December
2025 and 2024 were calculated based on prevailing Bank Indonesia Regulations. Based on
those regulations, banks are required to maintain the NOP (including all domestic and
overseas branches) at the maximum of 20% (twenty percent) of capital.
The aggregate NOP represents the sum of the absolute values of (i) the net difference between
assets and liabilities denominated in each foreign currency and (ii) the net difference of
receivables and liabilities of both commitments and contingencies recorded in the
administrative account (administrative account transactions) denominated in each foreign
currency, which are all stated in Rupiah. The NOP for statements of financial position
represents the sum of the net differences of assets and liabilities on the statements of financial
position for each foreign currency, which are all stated in Rupiah.
The Bank’s NOP as of 31 December 2025 and 2024 were as follows:
2025
NOP for Net difference
statements of between
financial receivables
position (net and liabilities
difference in Overall NOP
between assets administrative (absolute
and liabilities) accounts amount)
USD 8,181,355 (8,024,637) 156,718
SGD (2,161,613) 2,167,126 5,513
CNH (368,253) 371,295 3,042
MYR 4,853 (1,054) 3,799
CHF 561 - 561
JPY (531,325) 538,361 7,036
SEK 1,438 - 1,438
EUR (990,509) 987,870 2,639
HKD (3,058) 11,483 8,425
CAD 15,646 (16,634) 988
AUD (421,047) 415,867 5,180
GBP (12,243) 11,332 911
DKK 11,575 (8,316) 3,259
SAR 24,620 (23,380) 1,240
NZD 5,313 (4,813) 500
THB (3,305) (123) 3,428
Others 15,860 - 15,860
Total 220,537
Total capital 268,244,808
Percentage of NOP to capital 0.08%
Page 137
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/123
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
49. ADDITIONAL INFORMATION NOT REQUIRED BY THE FINANCIAL ACCOUNTING
STANDARDS (continued)
This additional information is required by the applicable regulations and is not mandated by the
Financial Accounting Standards in Indonesia. This additional information is part of Note 49 to the
consolidated financial statements: (continued)
e. Monetary Assets And Liabilities In Foreign Currencies (continued)
The Bank’s NOP as of 31 December 2025 and 2024 were as follows: (continued)
2024
NOP for Net difference
statements of between
financial receivables
position (net and liabilities
difference in Overall NOP
between assets administrative (absolute
and liabilities) accounts amount)
USD 3,357,291 (3,912,311) 555,020
SGD (2,501,631) 2,506,155 4,524
CNH (951,871) 924,221 27,650
MYR 2,444 - 2,444
CHF 38,985 (32,337) 6,648
JPY 41,919 (30,225) 11,694
SEK (1) (3,187) 3,188
EUR (989,097) 999,677 10,580
HKD 7,535 - 7,535
CAD 14,590 (16,111) 1,521
AUD (47,807) 44,550 3,257
GBP (8,237) 15,164 6,927
DKK 8,999 (7,926) 1,073
SAR 12,415 (16,097) 3,682
NZD 22,059 (22,670) 611
THB 3,725 (454) 3,271
Others 3,250 - 3,250
Total 652,875
Total capital 249,056,422
Percentage of NOP to capital 0.26 %
Page 138
PT BANK CENTRAL ASIA Tbk AND SUBSIDIARIES Schedule 5/124
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
49. ADDITIONAL INFORMATION NOT REQUIRED BY THE FINANCIAL ACCOUNTING
STANDARDS (continued)
This additional information is required by the applicable regulations and is not mandated by the
Financial Accounting Standards in Indonesia. This additional information is part of Note 49 to the
consolidated financial statements: (continued)
f. Capital Adequacy Ratio
The CAR as of 31 December 2025 and 2024, calculated in accordance with the prevailing
regulations, taking into account the credit risk, market risk and operational risk, were as follows:
2025 2024
Bank Consolidated Bank Consolidated
Core Capital (Tier 1) 258,057,396 273,828,527 239,468,855 255,311,302
Supplementary Capital (Tier 2) 10,187,412 10,523,248 9,587,567 9,886,723
Total Capital 268,244,808 284,351,775 249,056,422 265,198,025
Risk-Weighted Assets (RWAs)
RWAs Considering Credit Risk 835,899,197 868,520,469 787,719,400 816,782,306
RWAs Considering Market Risk 10,892,413 14,623,797 8,559,151 9,849,977
RWAs Considering Operational Risk 54,479,020 53,224,191 51,903,001 83,551,413
Total RWAs 901,270,630 936,368,457 848,181,552 910,183,696
Minimum Capital Requirement
based on risk profile 9,99% 9,99% 9.99% 9.99%
CAR ratio
CET 1 ratio 28.63% 29.24% 28.23% 28.05%
Tier 1 ratio 28.63% 29.24% 28.23% 28.05%
Tier 2 ratio 1.13% 1.12% 1.13% 1.09%
CAR ratio 29.76% 30.36% 29.36% 29.14%
CET 1 for Buffer 19.77% 20.37% 19.37% 19.15%
Regulatory Minimum Capital Requirement
Allocation based on risk profile
From CET 1 8.86% 8.87% 8.86% 8.90%
From AT 1 0.00% 0.00% 0.00% 0.00%
From Tier 2 1.13% 1.12% 1.13% 1.09%
Regulatory Buffer percentage required
by Bank
Capital Conservation Buffer 2.50% 2.50% 2.50% 2.50%
Countercyclical Buffer 0.00% 0.00% 0.00% 0.00%
Capital Surcharge for Systemic Bank 2.50% 2.50% 2.50% 2.50%
50. ADDITIONAL INFORMATION
Information presented in schedule 6/1 - 6/7 are additional financial information of PT Bank Central
Asia Tbk, (Parent Entity), which presented investment in Subsidiaries according to cost method
and are an integral part of the consolidated financial statements of the Group.
Page 139
PT BANK CENTRAL ASIA Tbk Schedule 6/1
ADDITIONAL INFORMATION
STATEMENTS OF FINANCIAL POSITION (PARENT ENTITY ONLY)
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2025 2024
ASSETS
Cash 25,275,044 29,285,819
Current accounts with Bank Indonesia 46,370,465 35,165,855
Current accounts with other banks - net of allowance for
impairment losses of Rp 661 as of 31 December 2025
(31 December 2024: Rp 520) 5,092,741 4,019,739
Placements with Bank Indonesia and other banks - net
of allowance for impairment losses of Rp 2,419
as of 31 December 2025 (31 December 2024: Rp 1,708) 8,479,787 14,246,183
Financial assets at fair value through profit or loss 33,656,979 21,044,715
Acceptance receivables - net of allowance for
impairment losses of Rp 200,313 as of
31 December 2025 (31 December 2024: Rp 440,695) 9,494,630 9,621,047
Bills receivable - net of allowance for impairment losses of
Rp 5,381 as of 31 December 2025
(31 December 2024: Rp 3,116) 11,825,095 8,891,769
Securities purchased under agreements to resell 4,430,617 862,849
Loans receivable - net of allowance for impairment
losses of Rp 29,390,498 as of 31 December 2025
(31 December 2024: Rp 32,382,006) 932,513,007 862,530,076
Investment securities - net of allowance for impairment
losses of Rp 439,437 as of 31 December 2025
(31 December 2024: Rp 374,454) 390,081,976 352,643,621
Prepaid expenses 1,356,605 617,971
Prepaid tax 72,843 1,532,246
Fixed assets - net of accumulated depreciation of
Rp 11,195,391 as of 31 December 2025
(31 December 2024: Rp 9,244,266) 27,577,419 27,347,687
Intangible assets - net of accumulated amortisation of
Rp 832,702 as of 31 December 2025
(31 December 2024: Rp 662,728) 531,926 586,410
Deferred tax assets - net 5,516,287 5,181,176
Investment in shares - net of allowance for impairment
losses of Rp 105,416 as of 31 December 2025
(31 December 2024: Rp 105,260) 10,260,951 10,245,537
Other assets - net of allowance for impairment losses of
Rp 95 as of 31 December 2025
(31 December 2024: Rp 991) 24,835,091 22,507,190
TOTAL ASSETS 1,537,371,463 1,406,329,890
Page 140
PT BANK CENTRAL ASIA Tbk Schedule 6/2
ADDITIONAL INFORMATION
STATEMENTS OF FINANCIAL POSITION (PARENT ENTITY ONLY)
31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2025 2024
LIABILITIES AND EQUITY
LIABILITIES
Deposits from customers 1,219,567,546 1,108,908,832
Deposits from other banks 4,038,227 3,698,286
Financial liabilities at fair value through
profit or loss 97,406 257,613
Acceptance payables 4,733,862 4,651,955
Securities sold under agreements to repurchase - 1,330,996
Tax payables 2,707,891 493,568
Borrowings 2,102 43,672
Estimated losses from commitments and contingencies 2,864,112 2,967,583
Post-employment benefits obligation 9,807,688 8,943,641
Accruals and other liabilities 21,829,864 21,466,054
Subordinated bonds 65,000 500,000
TOTAL LIABILITIES 1,265,713,698 1,153,262,200
EQUITY
Share capital - par value per share of Rp 12.50 (full amount)
Authorised capital: 440,000,000,000 shares
Issued and fully paid-up capital: 123,275,050,000 shares 1,540,938 1,540,938
Additional paid-in capital 5,711,368 5,711,368
Treasury stock:
262,016,800 shares, acquisition cost (2,152,514) -
Revaluation surplus of fixed assets 11,247,358 11,003,529
Unrealised gains (losses) on financial assets at
fair value through other comprehensive income 1,906,225 280,866
Retained earnings
Appropriated 4,268,903 3,720,540
Unappropriated 249,135,487 230,810,449
TOTAL EQUITY 271,657,765 253,067,690
TOTAL LIABILITIES AND EQUITY 1,537,371,463 1,406,329,890
Page 141
PT BANK CENTRAL ASIA Tbk Schedule 6/3
ADDITIONAL INFORMATION
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
(PARENT ENTITY ONLY)
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2025 2024
OPERATING INCOME AND EXPENSES
Interest income 91,938,089 88,406,720
Interest expenses (12,303,405) (11,668,707)
INTEREST INCOME - NET 79,634,684 76,738,013
OTHER OPERATING INCOME
Fees and commission income - net 19,304,304 17,891,823
Net income from transaction at fair value
through profit or loss 3,811,021 2,814,418
Others 3,920,343 3,582,854
Total other operating income 27,035,668 24,289,095
Impairment losses on assets (2,952,993) (1,273,883)
OTHER OPERATING EXPENSES
Personnel expenses (16,115,303) (15,454,514)
General and administrative expenses (15,422,474) (15,094,669)
Others (2,010,125) (1,786,044)
Total other operating expenses (33,547,902) (32,335,227)
INCOME BEFORE TAX 70,169,457 67,417,998
INCOME TAX EXPENSE (13,070,259) (12,711,616)
NET INCOME 57,099,198 54,706,382
OTHER COMPREHENSIVE INCOME:
Items that will not be reclassified to profit or loss:
Remeasurements of defined benefit obligation (793,492) 74,456
Income tax on remeasurements of defined
benefit liability 150,763 (14,146)
(642,729) 60,310
Revaluation surplus of fixed assets 255,808 238,391
(386,921) 298,701
Items that will be reclassified to profit or loss:
Unrealised gains (losses) on financial assets
at fair value through other comprehensive income 2,006,616 (806,189)
Income tax (381,257) 153,176
1,625,359 (653,013)
OTHER COMPREHENSIVE INCOME,
NET OF INCOME TAX 1,238,438 (354,312)
TOTAL COMPREHENSIVE INCOME 58,337,636 54,352,070
BASIC AND DILUTED EARNINGS PER SHARE
ATTRIBUTABLE TO EQUITY HOLDERS OF THE
PARENT ENTITY (in full amount) 463 444
Page 142
PT BANK CENTRAL ASIA Tbk Schedule 6/4
ADDITIONAL INFORMATION
STATEMENTS OF CHANGES IN EQUITY (PARENT ENTITY ONLY)
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2025
Unrealised gains
(losses) on
financial assets
at fair value
Issued and Revaluation through other Retained earnings
fully paid-up Additional Treasury surplus of fixed comprehensive
capital paid-in capital stocks assets income-net Appropriated Unappropriated Total equity
Balance, 31 December 2024 1,540,938 5,711,368 - 11,003,529 280,866 3,720,540 230,810,449 253,067,690
Net income for the year - - - - - - 57,099,198 57,099,198
Revaluation surplus of fixed assets - - - 243,829 - - 11,979 255,808
Unrealised gains (losses) on financial assets
at fair value through other
comprehensive income - net - - - - 1,625,359 - - 1,625,359
Remeasurement of defined
benefit liability - net - - - - - - (642,729) (642,729)
Total comprehensive income for the year - - - 243,829 1,625,359 - 56,468,448 58,337,636
General reserve - - - - - 548,363 (548,363) -
Cash dividends - - - - - - (37,595,047) (37,595,047)
Treasury stock, acquisition cost - - (2,152,514) - - - - (2,152,514)
Balance, 31 December 2025 1,540,938 5,711,368 (2,152,514) 11,247,358 1,906,225 4,268,903 249,135,487 271,657,765
Page 143
PT BANK CENTRAL ASIA Tbk Schedule 6/5
ADDITIONAL INFORMATION
STATEMENTS OF CHANGES IN EQUITY (PARENT ENTITY ONLY)
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2024
Unrealised gains
(losses) on
financial assets
at fair value
Revaluation through other Retained earnings
Issued and fully Additional paid- surplus of fixed comprehensive
paid-up capital in capital assets income-net Appropriated Unappropriated Total equity
Balance, 31 December 2023 1,540,938 5,711,368 10,801,590 933,879 3,234,149 210,702,522 232,924,446
Net income for the year - - - - - 54,706,382 54,706,382
Revaluation surplus of fixed assets - - 201,939 - - 36,452 238,391
Unrealised gains (losses) on financial assets
at fair value through other
comprehensive income - net - - - (653,013) - - (653,013)
Remeasurement of defined
benefit liability - net - - - - - 60,310 60,310
Total comprehensive income for the year - - 201,939 (653,013) - 54,803,144 54,352,070
General reserve - - - - 486,391 (486,391) -
Cash dividends - - - - - (34,208,826) (34,208,826)
Balance, 31 December 2024 1,540,938 5,711,368 11,003,529 280,866 3,720,540 230,810,449 253,067,690
Page 144
PT BANK CENTRAL ASIA Tbk Schedule 6/6
ADDITIONAL INFORMATION
STATEMENTS OF CASH FLOWS (PARENT ENTITY ONLY)
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2025 2024
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts of interest income, fees and commissions 109,263,724 105,037,385
Other operating income 2,686,577 2,010,746
Payments of interest expenses, fees and commissions (12,336,280) (11,720,323)
Payments of post-employment benefits (1,527,763) (1,153,347)
Other operating expenses (30,348,737) (28,464,918)
Payment of tantiem to Board of Commissioners and Board of Directors (887,700) (765,000)
Other increases (decreases) affecting cash:
Placements with Bank Indonesia and other banks - mature
more than 3 (three) months from the date of acquisition (601,619) 210,000
Financial assets at fair value through profit or loss (10,629,685) (5,468,509)
Acceptance receivables 366,799 4,880,997
Bills receivable (2,929,891) 1,718,437
Securities purchased under agreements to resell (3,567,768) 89,917,519
Loans receivable (72,854,316) (109,243,514)
Other assets (127,224) 172,726
Deposits from customers 107,884,745 23,900,650
Deposits from other banks 283,819 (6,515,643)
Acceptance payables 81,907 (2,049,301)
Accruals and other liabilities 967,397 (2,394,916)
Net cash provided by (used in) operating activities before
income tax 85,723,985 60,072,989
Payment of income tax (11,921,627) (11,399,598)
Net cash provided by (used in) operating activities 73,802,358 48,673,391
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of investment securities (194,532,003) (169,737,224)
Proceeds from investment securities that matured
during the year 164,391,928 118,649,450
Cash dividends received from investment in shares 2,200,226 2,402,602
Paid-in capital on Subsidiary (58,044) -
Acquisition of fixed assets (1,832,444) (3,450,738)
Acquisition of right-of-use assets (489,633) (532,867)
Proceeds from sale of fixed assets 243 1,276
Net cash provided by (used in) investing activities (30,319,727) (52,667,501)
Page 145
PT BANK CENTRAL ASIA Tbk Schedule 6/7
ADDITIONAL INFORMATION
STATEMENTS OF CASH FLOWS (PARENT ENTITY ONLY)
FOR THE YEARS ENDED 31 DECEMBER 2025 AND 2024
(Expressed in millions of Rupiah, unless otherwise stated)
2025 2024
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings (435,000) -
Payment of borrowings (41,570) (16,805)
Payment of cash dividends (37,595,047) (34,208,826)
Treasury stock (2,152,514) -
Proceeds from securities sold under agreements to repurchase - 358,462
Payment of securities sold under agreements to repurchase (1,330,996) -
Net cash provided by (used in) financing activities (41,555,127) (33,867,169)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,927,504 (37,861,279)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 82,719,824 121,044,773
EFFECT OF FOREIGN EXCHANGE RATE FLUCTUATIONS ON
CASH AND CASH EQUIVALENTS (44,911) (463,670)
CASH AND CASH EQUIVALENTS, END OF YEAR 84,602,417 82,719,824
Cash and cash equivalents consist of:
Cash 25,275,044 29,285,819
Current accounts with Bank Indonesia 46,370,465 35,165,855
Current accounts with other banks 5,093,402 4,020,259
Placement with Bank Indonesia and other banks - mature within
3 (three) months or less from the date of acquisition 7,863,506 14,247,891
Total cash and cash equivalents 84,602,417 82,719,824
Names mentioned 180 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Bank Indonesia
p.7 ×61
unresolved
person
Raden Mas Soeprapto
· Notaris
p.15
unresolved
org
Minister of Justice
p.15 ×2
unresolved
person
Wargio Suhardjo
p.15
unresolved
person
Notary Hendra Karyadi
· Notaris
p.15 ×2
unresolved
person
Doctor Irawan Soerodjo
· Notaris
p.15 ×2
unresolved
org
Minister of Law and Human Rights
p.15 ×2
unresolved
person
Notary Christina Dwi Utami S.H.
· Notaris
p.15 ×7
unresolved
org
Ministry of Law and Human Rights
p.15 ×2
unresolved
org
Minister of Finance Decision Letter
p.15
unresolved
person
H. Thamrin
p.16
unresolved
org
PT Dwimuria Investama Andalan
p.16 ×7
unresolved
org
Bank Central Asia Continuous Subordinated Bonds I Phase
p.17 ×6
unresolved
org
Indonesia Stock Exchange
p.17 ×3
unresolved
org
PT BCA Finance
p.18 ×11
unresolved
org
PT Bank BCA Syariah
p.18 ×4
unresolved
org
PT Asuransi Jiwa
p.18
unresolved
org
PT Central Capital
p.18
unresolved
org
PT Bank Digital BCA
p.18 ×3
unresolved
org
PT BCA Multi Finance
p.18 ×2
unresolved
org
Bapepam-LK
p.20 ×2
unresolved
org
Financial Services Authority
p.36
unresolved
org
PT BCA Digital
p.39
unresolved
org
Reksa Dana Batavia Dana Kas Gebyar
p.62
unresolved
org
Reksa Dana Tram Pundi Kas
p.62
unresolved
org
Reksa Dana Terproteksi Syailendra Capital Protected Fund
p.62
unresolved
org
Reksa Dana Terproteksi Panin Proteksi
p.62 ×2
unresolved
org
Reksa Dana Terproteksi Ashmore Dana Terproteksi Nusantara IV
p.62
unresolved
org
Reksa Dana Terproteksi Bahana Centrum Protected Fund
p.62 ×3
unresolved
org
Reksa Dana Terproteksi Eastspring Bakti Proteksi
p.62
unresolved
org
Reksa Dana Terproteksi BNI-AM Proteksi Amarilis
p.62
unresolved
org
Reksa Dana Terproteksi BRI Proteksi
p.62 ×2
unresolved
org
Reksa Dana Terproteksi Trimegah Dana Berkala
p.62 ×2
unresolved
org
Reksa Dana Terproteksi BRI MI Proteksi
p.62 ×2
unresolved
org
Reksa Dana Terproteksi Allianz Capital Protected Fund
p.62 ×3
unresolved
org
Reksa Dana Terproteksi Schroder IDR Income Plan VII
p.62
unresolved
org
Reksa Dana Terproteksi Premier Proteksi XII
p.62
unresolved
org
Reksa Dana Terproteksi BNI-AM Proteksi Kamelia
p.62
unresolved
org
Reksa Dana Terproteksi Mandiri Investa
p.62 ×2
unresolved
org
Reksa Dana Terproteksi Manulife Proteksi Dana Utama VII
p.62
unresolved
org
Reksa Dana Terproteksi Manulife Proteksi Dana Utama VIII
p.62
unresolved
org
Reksa Dana Terproteksi Manulife Proteksi Dana Utama VI
p.63
unresolved
org
Reksa Dana Terproteksi Sucorinvest Proteksi
p.63
unresolved
org
Reksa Dana Terproteksi Batavia Proteksi Maxima
p.63 ×3
unresolved
org
Reksa Dana Terproteksi Trimegah Terproteksi Dana Berkala
p.63 ×2
unresolved
org
Reksa Dana Terproteksi BNP Paribas Lumina Proteksi
p.63 ×2
unresolved
org
Reksa Dana Syariah Trimegah Kas Syariah
p.63
unresolved
org
Reksa Dana Syariah Syailendra Money Market Fund
p.63
unresolved
org
Reksa Dana Syariah Penyertaan Terbatas PNM Pembiayaan Mikro BUMN
p.63 ×5
unresolved
org
Reksa Dana Syariah Majoris Pasar Uang Syariah Indonesia
p.63
unresolved
org
Reksa Dana Terproteksi Danareksa Proteksi
p.63 ×2
unresolved
org
Reksa Dana BNP Paribas Obligasi Berlian
p.63
unresolved
org
Reksa Dana Bahana ABF Indonesia Bond Index Fund
p.63
unresolved
org
Reksa Dana Eastspring Syariah Fixed Income Amanah Kelas A
p.63
unresolved
org
Reksa Dana Syailendra Pendapatan Tetap Premium
p.63
unresolved
org
Reksa Dana BNP Paribas Prima II
p.63
unresolved
org
Reksa Dana Schroder Prestasi Gebyar Indonesia II
p.63
unresolved
org
Reksa Dana Sucorinvest Sharia Sukuk Fund
p.64
unresolved
org
Reksa Dana Bahana Pendapatan Tetap Makara Prima Kelas I
p.64
unresolved
org
Reksa Dana BNP Paribas Sri Kehati
p.64
unresolved
org
PT Digital Otomotif Indonesia
p.64
unresolved
org
PT Kliring Penjaminan Indonesia
p.64
unresolved
org
KPEI
p.64 ×2
unresolved
org
PT Bank Mandiri Taspen
p.66
unresolved
org
Bank Pembangunan Daerah Jawa Timur Tbk
p.66 ×2
unresolved
org
PT Bank Pembangunan Daerah Sulawesi Selatan
p.66
unresolved
org
PT Bank SulutGo
p.67
unresolved
org
PT BRI Multifinance Indonesia
p.67
unresolved
org
PT Federal Internasional Finance
p.67
unresolved
org
PT Indah Kiat Pulp
p.67
unresolved
org
Paper Tbk
p.67
unresolved
org
PT JACCS Mitra Pinasthika Mustika Finance
p.67
unresolved
org
Fitch Indonesia Tbk
p.67
unresolved
org
PT Lontar Papyrus Pulp
p.67
unresolved
org
PT Oki Pulp
p.67
unresolved
org
PT Pindo Deli Pulp Paper Mills
p.67
unresolved
org
PT Sinar Mas Agro Resources
p.67
unresolved
org
Technology Tbk
p.67
unresolved
org
PT Steel Pipe Industry
p.67
unresolved
org
Indonesia Tbk
p.67 ×2
unresolved
org
PT Toyota Astra Financial Services
p.67
unresolved
org
Minister of Finance
p.74 ×2
unresolved
org
Directorate General of Taxes
p.74 ×5
unresolved
org
PT Asuransi Umum BCA
p.77 ×2
unresolved
org
PT Asuransi Jiwa BCA
p.77 ×2
unresolved
org
PT Central Capital Ventura
p.77 ×2
unresolved
org
PT SMBC Indonesia Tbk
p.80
unresolved
org
PT Kliring Penjaminan Efek Indonesia
p.83
unresolved
org
PT Pemeringkat Efek Indonesia
p.84
unresolved
org
PT Pefindo
p.84
unresolved
org
Bank Central Asia Continuous Subordinated Bonds I
p.84
unresolved
org
Dana Pensiun BCA
p.97 ×2
unresolved
org
Minister of Finance of Republic
p.97
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.