Back to announcement
20240422_BBCA_Laporan Informasi dan Fakta Material_31628088_lamp2.pdf
Other Text extracted BBCASource file signed link, expires in 15 minutes
Extracted text 2
Page 1
PRESS RELEASE
PT Bank Central Asia Tbk
First Quarter 2024 Performance Result
BCA's Loan Book Grew 17.1%, Solid Performance Across All Segments
Jakarta, 22 April 2024 - PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries recorded an
increase in total loans by 17.1% on an annual basis (YoY) to Rp835.7 trillion as of March 2024, higher
than the industry average. Meanwhile, in the first quarter of 2024, the net profit of BCA and its
subsidiaries increased by 11.7% YoY to Rp12.9 trillion. This growth was attributed to higher loan
disbursements, consistent improvements in loan quality, and an increase in transaction volume and
funding.
"We observe that the improving domestic consumption, especially during the Ramadan and Eid this
year, has had a positive impact on the disbursement of loans by the BCA until March 2024. Consumer
loan demand is well sustained, reflected in the high enthusiasm among visitors of the 'BCA Expoversary
2024' event, which took place offline from February 29 to March 3, 2024, and online until the end of
April 2024. As of March 2024, the total value of mortgage and vehicle loan applications from 'BCA
Expoversary 2024' had reached more than Rp30 trillion, and expected to grow until the event closing
date. We are optimistic that we can maintain our performance growth until the end of this year, in line
with the positive outlook for the national economy," stated Jahja Setiaatmadja, President Director of
PT Bank Central Asia Tbk.
Corporate loans increased 22.1% YoY to Rp389.2 trillion as of March 2024, while commercial loans
grew 9.3% YoY to Rp125.2 trillion. SME loans continued to grow above the industry average, a similar
trend to last year's performance. As of March 2024, BCA's SME loans grew 13.5% YoY to Rp110.4
trillion. The total consumer loan portfolio increased by 14.9% YoY to Rp201.6 trillion. The growth in
consumer loans portfolio was supported by the 11.0% YoY growth in mortgage loans to Rp121.7 trillion,
22.2% YoY growth in vehicle loans to Rp59.8 trillion, and the 22.6% YoY increase in other consumer
loans (majority in credit card loans) to Rp17.1 trillion.
Loans disbursed to sustainable sectors increased by 9.1% YoY in March 2024, reaching Rp197.4
trillion, or 23.5% of the total loan portfolio. In supporting the loan growth to these sectors, BCA offered
promotional lending rates specifically available to commercial and SME debtors engaged in
Environmentally Friendly Business Activities (KUBL). Further, the Bank continued to support the "green
economy" through collecting a total of 208 tons of waste in the first quarter of 2024, consisting of organic
and inorganic waste, unused document and electronic waste. The implementation of sustainable
business practices is also reflected in Wisma BCA in Bukit Semarang Baru (BSB) Semarang's success
in achieving Green Building Council Indonesia's (GBCI) Existing Building V1.1 Platinum Level
certification.
BCA's loan growth was accompanied by an improvement in loan quality, as the Bank's restructured
loans gradually moved into normal payment terms. The Loan at Risk ratio (LAR) ratio stood at 6.6% in
the first quarter of 2024, decrease from 9.8% in the first quarter of 2023. Meanwhile, the Non-
Performing Loan (NPL) ratio was maintained at 1.9%. NPL and LAR coverage ratios were at solid
levels of 220.3% and 71.9%, respectively.
PT BANK CENTRAL ASIA TBK
Kantor Pusat: Menara BCA Grand Indonesia, Jl. MH Thamrin No. 1 Jakarta 10310 Tel. (021) 2358-8000 FaX. (021) 2358-8300
Page 2
On the funding side, third party funds grew by 7.9% YoY to reach Rp1,121 trillion in March 2024.
Current and Savings Account (CASA) increased 7.3% to reach Rp904.5 trillion. The solid growth of
CASA was in line with the total transaction volume of BCA, which increased 20.8% YoY to reach 8.3
billion transactions in the first quarter of 2024. Particularly for digital channels, transactions through
mobile banking and internet banking reached 7.2 billion transactions or rose 23.5% YoY. BCA
continues to invest in strengthening its hybrid banking ecosystem and providing quality services to a
diverse range of customers.
One development of BCA’s digital services has been realized through the launch of the ‘Merchant BCA’
application, designed to support local businesses through various key features such as merchant care,
real-time transaction alerts, and EDC/POS and QRIS applications. In partnership with Lembaga Amil
Zakat, Infak and Sedekah Nahdlatul Ulama (LAZISNU), BCA also launched a donation and zakat
payment facility through the Lifestyle feature on BCA mobile.
"Regarding the development of myBCA, BCA added a number of features in the first quarter of 2024
to enhance the convenience of transactions. These innovations include QRIS transfer transactions,
QRIS cross border, instant access to QRIS payments, conversion of credit card transactions into BCA
installments, bill payments and PLN electricity token purchases, to OneKlik account activation and
settings," said Jahja Setiaatmadja.
Overall, BCA succeeded in maintaining sustainable profitability. BCA's net interest income (NII) in the
first quarter of 2024 reached Rp19.8 trillion, grew by 7.1% YoY. Non-interest income increased 6.8%
YoY to Rp6.4 trillion. Overall, operating income in the first quarter of 2024 reached Rp26.2 trillion, up
7.0% YoY. The cost to income ratio was recorded at 32.4%. In addition, as asset quality improved
further, BCA's provisioning expense decreased by 29.8% YoY, contributing to profit growth.
As part of its commitment to the creation of value for society and the environment, Bakti BCA also
facilitated the issuance of 1,000 halal certificates to MSMEs in various regions. In cooperation with the
government and other institutions, BCA completed the repair of four artificial islands in Samboja, East
Kalimantan, for the conservation of orangutans. The Bank's contribution to environmental protection
was also realized by collecting 5,000 used plastic bottles during the offline BCA Expoversary 2024 held
at ICE BSD, Tangerang. Thousands of waste collected in two BCA Bakti recycling machines were
converted into the release of 500 sea turtle hatchlings (10 bottles for 1 egg). BCA also participated in
the global Earth Hour initiative by turning off the lights for 1 hour in 946 office buildings in various
regions. In the education sector, BCA officially awarded the Bakti BCA 2024 Scholarships to 700
students from 20 universities in Indonesia. In the public health sector, BCA has held health social
services in two different locations in Jakarta, held blood donation activities, and organized free cataract
surgery in Maluku.
***
About PT Bank Central Asia Tbk (As of 31 March 2024)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial
and corporate segments. By the end of March 2024, BCA has the privilege of serving more than 38 million customer accounts, processing around 90 million of daily transactions through a
network of 1,258 branches, 19,055 ATMsas well as internet & mobile banking services and Halo BCA contact center that can be accessed 24 hours. BCA’s presence is complemented by
a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed
to building lasting relationships with customers, putting people first, and making a positive impact on society at large. With around 27,000 employees, BCA's vision is to be the bank of choice
and a major pillar of the Indonesia economy.
PT BANK CENTRAL ASIA TBK
Group Corporate Communication and Social Responsibility - CSR
Corporate Communication
Alamat : Jl. MH Thamrin No.1, Menara BCA Lt. 22. Jakarta 10310
Telepon : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id
PT BANK CENTRAL ASIA TBK
Kantor Pusat: Menara BCA Grand Indonesia, Jl. MH Thamrin No. 1 Jakarta 10310 Tel. (021) 2358-8000 FaX. (021) 2358-8300
Names mentioned 3 people and organisations named in the text · linked when the evidence is strong
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.