Heaptalk, Jakarta — PT Bank Central Asia Tbk (BCA) has noted an increase in total credit of 12.3% YoY as of September this year. The report also revealed that the company and its subsidiaries’ net profit grew by 25.8% YoY, reaching Rp36.4 trillion in the first nine months of 2023.
The company claimed that the enhancement of credit volume in the whole segment, loan quality improvement, and transaction and funding volume development influenced the company’s progress significantly. Concurrently, The solid increase in credit was also driven by implementing the BCA Expo in Q3 2023 and BCA Expoversary in Q1 this year.
Responding to this growth, the President Director of BCA, Jahja Setiaatmadja, delivered, “We perceive consumer credit demand reflected in the implementation of two expos which were able to collect a total of KPR and KKB applications worth Rp46 trillion, an increase of 50% this year.”
The report also revealed that BCA credit grew double digits in almost all segments as of September 2023. In more detail, the SME credit becomes the most significant growth, up to 16.4% YoY, reaching Rp104.8 trillion. Meanwhile, corporate credit climbed by 12.2% YoY, attaining Rp343.5 trillion, and commercial credit also increased by 6.5%, or around Rp121 trillion.
Regarding the funding aspect, the Current Account Saving Account (CASA) increased by 4.7%, reaching Rp869.9 trillion as of September 2023. The result contributed to the third-party funds of 80%, with an enhancement of Rp1,089 trillion. The CASA funding elevation consistently aligned with the increase in banking transaction activities and customer base evolvement. As the company reported, BCA’s total transaction volume increased by 26.8%, reaching 2 billion transactions. The mobile banking transaction also elevated up to 43.4% YoY.
“Regarding the myBCA application, we have added the BCA Paylater feature as a credit facility for alternative payments via QRIS scans. This innovation is a form of our commitment to strengthening the digital ecosystem in our mobile banking application.” Jahja added. (10/20)
Regarding interest growth, BCA also posted an increase in net interest income of Rp55.9 trillion in Q3 2023. Besides, the company’s revenue, other than interest, also evolved 9.7%, around Rp18.3 trillion, supported by an increase in fee and commission income of 7.7% YoY. The company’s operating revenue also enhanced by 18.2%, approximately Rp74.2 trillion YoY. As asset quality improved, provision costs diminished by Rp1.6 trillion.
