BCA Parent Company Assets Exceed Rp 1,000 Trillion

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Viva Budy Kusnandar 20/09/2019 16:00 WIB

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PT Dwimuria Investama Andalan (DIA) is the parent company of PT Bank Central Asia Tbk (BBCA).

Financial Performance of PT Dwimuria Investama Andalan (June 2019 and December 2018)

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BCA Parent Company Assets Exceed Rp 1,000 Trillion

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Financial Performance of PT Dwimuria Investama Andalan (June 2019 and December 2018)

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PT Dwimuria Investama Andalan (DIA) is the parent company of PT Bank Central Asia Tbk (BBCA). The Djarum Group conglomerate, namely Michael Bambang Hartono and Robert Budi Hartono, controls 54.94% of BBCA shares through DIA. BCA is the bank with the largest market capitalization in Indonesia, reaching Rp 737.13 trillion as of September 19, 2019.

Based on publicly released financial reports, DIA's total assets as of June 2019 grew by 9.12% to Rp 1,006 trillion compared to June 2018. Its equity increased by 40% to Rp 295.34 trillion compared to June 2018. The company's profit in the first half of the year also increased by 23.33% (year-on-year) to Rp 7.89 trillion.

Previously, Bambang Hartono and Budi Hartono controlled 47.15% of Bank BCA through a shell company named Farindo Investments Ltd, registered in Mauritius. Following the government's tax amnesty program, in November 2016, ownership of these shares was transferred to DIA, domiciled in Kudus, Central Java, with a transaction value of Rp 177 trillion.

Editor : Hari Widowati

"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."