What was BCA's profit in the first quarter of 2017?

PT Bank Central Asia Tbk (BBCA) reported a net profit of Rp 5 trillion in the first quarter of 2017, a 10.7 percent increase compared to the same period the previous year. However, this increase was slightly lower than the 11.1 percent growth recorded in the same period last year. This slowdown is in line with the slowing credit growth amid rising non-performing loans. Non-performing loans (NPL) of this bank, owned by the Hartono brothers' conglomerate, increased to 1.5 percent in the first quarter of 2017 from 1.3 percent at the end of December 2016. However, BCA's NPL ratio remains below the national banking average of 3 percent.

In detail, BBCA reported that the highest credit growth during the first three months of 2017 occurred in corporate loans, reaching 17.9 percent to Rp 152.6 trillion compared to the same period the previous year. Meanwhile, consumer credit grew by only 9.4 percent to Rp 111.7 trillion, while commercial and small and medium-sized enterprise (SME) loans increased by 1.7 percent to Rp 144.7 trillion.

As for Third Party Funds (TPF) at the end of March 2017, they increased by 13.8 percent to Rp 535.1 trillion from the position at the end of March 2016. Low-cost funds (CASA) as of March 2017 grew by 12.1 percent to Rp 405.4 trillion from March of the previous year and remained the main component of BCA's TPF, accounting for 75.8 percent.