BCA's Net Profit Falls 4.8% in First Half of 2020

Finance

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Andrea Lidwina 28/07/2020 12:10 WIB

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BCA recorded a net profit of Rp 12.2 trillion in the first half of 2020. This figure represents a 4.8% decrease compared to the same period in the previous year.

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BCA's Net Profit Falls 4.8% in First Half of 2020

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BCA's Net Profit in the First Semester

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PT Bank Central Asia Tbk (BBCA) recorded a net profit of Rp 12.2 trillion in the first half of 2020. This figure represents a 4.8% decrease compared to the same period in the previous year.

This decrease is partly due to an increase of over 100% in the allowance for credit losses (ACL). The value was Rp 6.5 trillion in January-June this year, compared to Rp 2.4 trillion in the first half of 2019.

BCA's net profit had been increasing in recent years, reaching Rp 9.6 trillion in 2016 and Rp 12.9 trillion in 2019.

Editor : Safrezi Fitra

"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."