Jakarta, April 28, 2011 – PT Bank Central Asia Tbk (JSX: BBCA) announced first
quarter 2011 results with business performance underpinned by strong growth in lending
and an increase in transactional account third party funds. The Bank’s balance sheet
grew considerably as total assets increased by 14.9% reaching Rp 326.5 trillion at the
end of the first quarter 2011 up from Rp 284.2 trillion in the end of the first quarter 2010.
BCA President Director, Mr. D.E. Setijoso stated that,” I am pleased to report that we
were able to deliver solid business performance in the first quarter 2011, in line with
Indonesia’s economic growth. A disciplined implementation of a quality growth strategy
produced positive results as transactions and the consumers segment drive the BCA
business. BCA is well poised to prosper in the current domestic economic environment
characterized by low interest rates and increasing consumer demand.”
The overall loan portfolio grew 24.4% to Rp 150.3 trillion in March 2011 while the Loan
to Deposit Ratio (LDR) improved to 54.4% in March 2011 from 49.6% in March 2010.
Consumer lending posted a growth by 36.2% yoy to Rp 38.7 trillion supported by strong
growth in mortgage loans and vehicle loans which benefited from the growth of the
middle-income segment and from the low interest rate environment. Mortgage loans
outstanding rose by 41.8% yoy to Rp 19.5 trillion while vehicle loans increased by 34.6%
yoy to Rp 14.3 trillion. In addition, credit card outstandings increased by 21.3% yoy to
Rp 4.9 trillion in March 2011.
Commercial & SME lending recorded growth of 27.9% to Rp 59.5 trillion yoy while
corporate lending grew by 14.1% yoy to Rp 52.1 trillion in March 2011. By emphasizing
quality lending, BCA’s NPL ratio was held at a low level of 0.7% with a reserve to NPL
ratio of 390.2%.
PRESS RELEASE
Third party funds grew by 13.8% yoy to Rp 275.8 trillion led by a 22.4% yoy increase in
demand deposits balances to Rp 65.7 trillion while total savings accounts increased
19.1% yoy to Rp 145.6 trillion. Time deposits decreased by 2.7% yoy to Rp 64.5 trillion
as of March 2011. Demand deposits and savings accounts represented 76.6% of total
third party funds. D.E. Setijoso stated that “We are pleased to record a significant growth
in our transaction banking activities in first quarter 2011. We will continue to improve our
payment system and to enrich the features of our wide range of transactional products
and services to further enhance customer convenience.”
BCA recorded profit before provision and income tax of Rp 2.7 trillion for the first quarter
2011, an increase of 22.9% compared to the same period last year while net profit stood
at Rp 2.0 trillion, up 4.4% from the first quarter 2010. Net interest margin (NIM) rose 30
bps to 5.4% in the first quarter 2011 from 5.1% in the same period last year. The Bank
achieved a 3.1% Return on Assets (ROA) and a 26.2% Return on Equity (ROE) in the
first quarter 2011.
The BCA President Director, Mr. D.E. Setijoso stated that, ”BCA remains focused on
building its transactional banking franchise, strengthening our lending business and
exploring new business opportunities to meet various customer needs. BCA will also
continue to offer innovative and highly competitive products to provide value added to
our customers.”
quarter 2011 results with business performance underpinned by strong growth in lending
and an increase in transactional account third party funds. The Bank’s balance sheet
grew considerably as total assets increased by 14.9% reaching Rp 326.5 trillion at the
end of the first quarter 2011 up from Rp 284.2 trillion in the end of the first quarter 2010.
BCA President Director, Mr. D.E. Setijoso stated that,” I am pleased to report that we
were able to deliver solid business performance in the first quarter 2011, in line with
Indonesia’s economic growth. A disciplined implementation of a quality growth strategy
produced positive results as transactions and the consumers segment drive the BCA
business. BCA is well poised to prosper in the current domestic economic environment
characterized by low interest rates and increasing consumer demand.”
The overall loan portfolio grew 24.4% to Rp 150.3 trillion in March 2011 while the Loan
to Deposit Ratio (LDR) improved to 54.4% in March 2011 from 49.6% in March 2010.
Consumer lending posted a growth by 36.2% yoy to Rp 38.7 trillion supported by strong
growth in mortgage loans and vehicle loans which benefited from the growth of the
middle-income segment and from the low interest rate environment. Mortgage loans
outstanding rose by 41.8% yoy to Rp 19.5 trillion while vehicle loans increased by 34.6%
yoy to Rp 14.3 trillion. In addition, credit card outstandings increased by 21.3% yoy to
Rp 4.9 trillion in March 2011.
Commercial & SME lending recorded growth of 27.9% to Rp 59.5 trillion yoy while
corporate lending grew by 14.1% yoy to Rp 52.1 trillion in March 2011. By emphasizing
quality lending, BCA’s NPL ratio was held at a low level of 0.7% with a reserve to NPL
ratio of 390.2%.
PRESS RELEASE
Third party funds grew by 13.8% yoy to Rp 275.8 trillion led by a 22.4% yoy increase in
demand deposits balances to Rp 65.7 trillion while total savings accounts increased
19.1% yoy to Rp 145.6 trillion. Time deposits decreased by 2.7% yoy to Rp 64.5 trillion
as of March 2011. Demand deposits and savings accounts represented 76.6% of total
third party funds. D.E. Setijoso stated that “We are pleased to record a significant growth
in our transaction banking activities in first quarter 2011. We will continue to improve our
payment system and to enrich the features of our wide range of transactional products
and services to further enhance customer convenience.”
BCA recorded profit before provision and income tax of Rp 2.7 trillion for the first quarter
2011, an increase of 22.9% compared to the same period last year while net profit stood
at Rp 2.0 trillion, up 4.4% from the first quarter 2010. Net interest margin (NIM) rose 30
bps to 5.4% in the first quarter 2011 from 5.1% in the same period last year. The Bank
achieved a 3.1% Return on Assets (ROA) and a 26.2% Return on Equity (ROE) in the
first quarter 2011.
The BCA President Director, Mr. D.E. Setijoso stated that, ”BCA remains focused on
building its transactional banking franchise, strengthening our lending business and
exploring new business opportunities to meet various customer needs. BCA will also
continue to offer innovative and highly competitive products to provide value added to
our customers.”