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In 1998, PT Bank BCA Tbk recorded a significant loss exceeding Rp 28 trillion due to the financial crisis that hit Indonesia and other Asian countries. However, since 1999 until 2016, Bank BCA has consistently reported profits.
Based on Bank BCA's unaudited monthly financial report for December 2016, this bank, with the largest capitalization in Indonesia, achieved a net profit of Rp 19.83 trillion, representing a 10 percent increase compared to the previous year.
Bank BCA was previously owned by the Sudono Salim (Liem Sioe Liong) family and was established on February 21, 1957. However, due to the 1997-1998 crisis, Bank BCA was forced to seek government assistance and was placed under the National Bank Restructuring Agency (BPPN). Then, in 2002, BPPN divested Bank BCA, releasing 51 percent through an auction won by Farindo Investment Ltd, based in Mauritius. Following this, majority ownership of Bank BCA transferred to the Djarum cigarette entrepreneurs from Kudus, namely Bambang Hartono and Robert Budi Hartono.
"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."
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