BCA also raised its overall credit to 9.0% YoY to US$49 billion in June 2023. Consumer credit leads the highest growth, followed by the commercial and SME segments.
Heaptalk, Jakarta — PT Bank Central Asia Tbk (BBCA) and its subsidiaries have closed the fantastic quarterly growth of the total credit.
BCA has recorded its net income at 34.0% YoY, attaining US$1.6 billion in the early semester of 2023, backed by the enhancement of credit volume, credit quality improvement, and increased transaction volume and funding.
Regarding the company’s credit growth, BCA noted that consumer credit had the highest growth, followed by commercial and SME credit. The increase in consumer credit was supported by the development of House Ownership Financing (KPR) of 12.0% YoY which attained US$7.6 billion, and Vehicle Ownership Financing (KKB) at 19.2% YoY, reaching US$3.4 billion.
As stated by The President Director of the BCA, Jahja Setiaatmadja, “The consumer credit segment continues to record growth supported by the results of the 2023 BCA Expoversary. In addition, we see strong demand for credit from the MSME sector, aligned with increased business activity in this segment. We appreciate the government’s policies in maintaining the fundamentals of the domestic economy amidst the challenges of the dynamics of the global economy. For this reason, we will continue to create a multiplier effect in maintaining national economic stability,”
Credit card outstanding balances also grew 15.4% YoY, increasing the total consumer credit portfolio by 13.9% YoY. Meanwhile, commercial and SME credit uplifted 10.9% YoY. This company’s credit also climbed up to 5.1% YoY. From this incredible outcome, BCA raised its overall credit to 9.0% YoY to US$49 billion in June 2023.
Furthermore, credit disbursement to the sustainable sector increased by 6.9% YoY, reaching US$412 billion in June 2023. This output has contributed to BCA’s total financing portfolio of 24.3%. On the other hand, BCA has also disbursed consumption financing for electric motorized vehicles of US$50 million as of June 2023, growing forty-four-fold YoY.
Meanwhile, in terms of funding, BCA banking company observed an increase of Current Account Savings Accounts (CASA) by 5.7% YoY in June 2023 and contributed up to 81% of total third-party funds. Overall, total third-party funds grew by 6.0% YoY, which affected BCA’s assets growth of 7.3%. BCA’s total transaction volume continues to grow consistently, reaching US$952,151 in the first semester of 2023, bolstered by the company’s multi-channel ecosystem and increasing customer base.
Bank Central Asia also posted positive growth in net interest income of US$2.4 billion in the first semester of 2023. Also, BCA’s Non-interest income grew to US$813 million, supported by a fee and commission income increase of 5.4% YoY. Regarding the total operations revenue, the banking company noted an enhancement of 20.5% YoY, or approximately US$3.2 billion.
