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New Record, BCA Achieves Net Profit of Rp48.6 Trillion in 2023

Cindy Mutia Annur 26/01/2024 14:09 WIB

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BCA booked a net profit of Rp48.6 trillion in 2023, surging 19.4% year-on-year, and setting a new record high.

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New Record, BCA Achieves Net Profit of Rp48.6 Trillion in 2023

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BCA Net Profit per Year (2019-2023)

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PT Bank Central Asia Tbk (BCA) and its subsidiaries reported a net profit of Rp48.6 trillion in 2023.

This achievement surged 19.4% year-on-year (yoy), setting a new record high, as shown in the graph.

From 2019 to 2023, the net profit of the BBCA-coded issuer has generally increased, except in 2020.

In the early year of the Covid-19 pandemic, the net profit of the Hartono family-owned bank decreased by 4.98% (yoy).

BCA President Director Jahja Setiaatmadja stated that BCA's 2023 profit achievement was supported by the growth of high-quality credit, increased transaction and funding volume, and expansion of the customer base.

He mentioned that BCA's credit volume increased twofold in the last three years.

As of December 2023, corporate loans surged 15% (yoy) to Rp368.7 trillion. Meanwhile, commercial loans increased by 7.5% (yoy) to Rp126.8 trillion.

Furthermore, SME loans soared 16% (yoy) to Rp107.9 trillion. According to Jahja, SME loan growth was the highest in the business credit segment.

Jahja also reported that new orders for home ownership loans (KPR) and motor vehicle loans (KKB) at BCA increased 2.3 times and 2.6 times, respectively, in the last three years.

This achievement also boosted outstanding KPR, increasing by 11.7% (yoy) to Rp121.8 trillion, and KKB, increasing by 20.8% (yoy) to Rp56.9 trillion as of December 2023.

The outstanding balance of personal loans also surged 21.7% (yoy) to Rp16.7 trillion, resulting in a 14.8% (yoy) increase in the total consumer credit portfolio to Rp198.8 trillion.

"In total, BCA's credit increased by 13.9% (yoy) to Rp810.4 trillion," said Jahja in his press release on Thursday (January 25, 2024).

In terms of funding, BCA's total third-party funds (DPK) also increased by 6% (yoy) to Rp1,102 trillion, boosting BCA's total assets by 7.1% (yoy) to Rp1,408 trillion.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."