Loan portfolio grew to Rp 226.0 trillion (+ 41.5% YoY)
Third party funds increased to Rp 341.1 trillion (+ 19.4% YoY)
Third party funds increased to Rp 341.1 trillion (+ 19.4% YoY)
Jakarta, 30th July 2012 – PT Bank Central Asia Tbk (IDX: BBCA) announced a strong performance for the first half of 2012, driven by significant increases in loans outstanding across all segments and in transaction account third party funds. The Bank‟s total assets has grown year-on-year a substantial 20.2% reaching a total of Rp 408.6 trillion in June 2012. BCA President Director Jahja Setiaatmadja, expressed his satisfaction with BCA‟s performance, “We
are delighted to see BCA‟s achievement in the first half of 2012. A favourable business environment with low interest rates has spurred strong loan demand, for both individuals and businesses.
Furthermore, the significant growth of BCA‟s loan portfolio is underpinned by sound lending and risk management. Our loan expansion and transaction business will continuously support our profitability the current competitive environment.” BCA recorded impressive 41.5% YoY loan growth across all segments in the first half of 2012. Year on- year the loan portfolio increased Rp 66.3 trillion to Rp 226.0 trillion in June 2012. Consumer lending increased more than 50% YoY to Rp 60.0 trillion, driven by 73.5% YoY growth of the mortgage portfolio to Rp 36.5 trillion. BCA reaffirmed its leading position in the provision of mortgage products with the launch of an 8% p.a. 55-month fixed rate mortgage programme in February 2012. In addition, vehicle loans grew by 24.4% YoY to Rp 18.1 trillion and credit card outstandings increased by 25.1% YoY to Rp 5.5 trillion in June 2012.
Corporate lending grew 42.6% YoY, reaching Rp 77.3 trillion in June 2012. Sharper growth rates were seen in the Financial Services; Plantation & Agriculture; and Cigarette & Tobacco sectors. During the same period, Commercial & SME lending posted a strong 35.0% YoY increase, reaching Rp 88.7 trillion in loans outstanding.
This solid loan growth boosted the Loan to Deposit Ratio (LDR) to 65.5% while Non Performing Loans (NPL) held at a low rate of 0.5%, reflecting loan quality.Third party funds balances rose of 19.4% YoY to Rp 341.1 trillion by the end of June 2012, in line with
increasing customer transaction activities. The Bank‟s extensive network coverage underpins its solid
transactional banking platform. Saving account balances swelled 20.4% YoY to Rp 182.3 trillion in the
first half of 2012. Current account balances totaled Rp 82.8 trillion, a 19.1% increase compared to last
year. Time deposit balances expanded by 17.5% during the previous twelve months to Rp 76.0 trillion
in June 2012, while the secondary reserves stood at Rp 59.8 trillion. BCA sustained a favorable
funding composition with savings and current accounts contributing 77.7% of total third party funds.
Net interest income rose by 14.4% YoY to Rp 9.2 trillion supported by strong loan growth. At the same
time, non interest income grew 12.1% YoY to Rp 3.6 trillion and was supported by transaction-related
fees. BCA recorded net profit of Rp 5.3 trillion in the first half of 2012, a growth of 10.5% YoY. Capital
Adequacy Ratio (CAR) stood at 14.7%, comfortably above the 8% regulatory requirement.
The President Director of BCA, Mr. Jahja Setiaatmadja, remarked that, “We believe that Indonesia‟s
economy remains robust and that growth prospects remain strong. Nevertheless, we remain cautious
as global economic uncertainty – which has some impact on Indonesian export performance -
continues. We believe in the resilience of our transactional banking business model as we continue to
facilitate our customers‟ commercial needs. And we intend to remain „always by our customers‟ side‟.”
About PT Bank Central Asia Tbk (as at 30 June 2012)
PT Bank Central Asia Tbk (BCA) is one of Indonesia‟s leading commercial banks. BCA has nearly 11
million customer accounts serviced by 955 branches nationwide and 9,592 ATMs located in all major
consumer retail outlets.
are delighted to see BCA‟s achievement in the first half of 2012. A favourable business environment with low interest rates has spurred strong loan demand, for both individuals and businesses.
Furthermore, the significant growth of BCA‟s loan portfolio is underpinned by sound lending and risk management. Our loan expansion and transaction business will continuously support our profitability the current competitive environment.” BCA recorded impressive 41.5% YoY loan growth across all segments in the first half of 2012. Year on- year the loan portfolio increased Rp 66.3 trillion to Rp 226.0 trillion in June 2012. Consumer lending increased more than 50% YoY to Rp 60.0 trillion, driven by 73.5% YoY growth of the mortgage portfolio to Rp 36.5 trillion. BCA reaffirmed its leading position in the provision of mortgage products with the launch of an 8% p.a. 55-month fixed rate mortgage programme in February 2012. In addition, vehicle loans grew by 24.4% YoY to Rp 18.1 trillion and credit card outstandings increased by 25.1% YoY to Rp 5.5 trillion in June 2012.
Corporate lending grew 42.6% YoY, reaching Rp 77.3 trillion in June 2012. Sharper growth rates were seen in the Financial Services; Plantation & Agriculture; and Cigarette & Tobacco sectors. During the same period, Commercial & SME lending posted a strong 35.0% YoY increase, reaching Rp 88.7 trillion in loans outstanding.
This solid loan growth boosted the Loan to Deposit Ratio (LDR) to 65.5% while Non Performing Loans (NPL) held at a low rate of 0.5%, reflecting loan quality.Third party funds balances rose of 19.4% YoY to Rp 341.1 trillion by the end of June 2012, in line with
increasing customer transaction activities. The Bank‟s extensive network coverage underpins its solid
transactional banking platform. Saving account balances swelled 20.4% YoY to Rp 182.3 trillion in the
first half of 2012. Current account balances totaled Rp 82.8 trillion, a 19.1% increase compared to last
year. Time deposit balances expanded by 17.5% during the previous twelve months to Rp 76.0 trillion
in June 2012, while the secondary reserves stood at Rp 59.8 trillion. BCA sustained a favorable
funding composition with savings and current accounts contributing 77.7% of total third party funds.
Net interest income rose by 14.4% YoY to Rp 9.2 trillion supported by strong loan growth. At the same
time, non interest income grew 12.1% YoY to Rp 3.6 trillion and was supported by transaction-related
fees. BCA recorded net profit of Rp 5.3 trillion in the first half of 2012, a growth of 10.5% YoY. Capital
Adequacy Ratio (CAR) stood at 14.7%, comfortably above the 8% regulatory requirement.
The President Director of BCA, Mr. Jahja Setiaatmadja, remarked that, “We believe that Indonesia‟s
economy remains robust and that growth prospects remain strong. Nevertheless, we remain cautious
as global economic uncertainty – which has some impact on Indonesian export performance -
continues. We believe in the resilience of our transactional banking business model as we continue to
facilitate our customers‟ commercial needs. And we intend to remain „always by our customers‟ side‟.”
About PT Bank Central Asia Tbk (as at 30 June 2012)
PT Bank Central Asia Tbk (BCA) is one of Indonesia‟s leading commercial banks. BCA has nearly 11
million customer accounts serviced by 955 branches nationwide and 9,592 ATMs located in all major
consumer retail outlets.