BCA Bank's Semester I 2017 Profit Grew by 10 Percent

BCA Bank's net profit in the first half of 2017 grew by 10 percent to Rp 10.54 trillion from Rp 9.58 trillion in the same period of the previous year. This increase in profit for the company with stock code BBCA was driven by a 3.1 percent growth in net interest income to Rp 20.37 trillion from Rp 19.76 trillion. In addition, non-interest income also grew by 10.7 percent to Rp 7 trillion from Rp 6.37 trillion.

Total loans at BCA Bank in the first half of this year grew by 12 percent to Rp 433.6 trillion from Rp 416.28 trillion in the same period of the previous year. Corporate loans grew by 18.7 percent to Rp 160.74 trillion, consumer loans grew by 18.4 percent to Rp 124.55 trillion, and commercial and Small and Medium Enterprise (SME) loans increased by 1.2 percent to Rp 148.32 trillion.

Despite the increase in interest income, the net interest margin (NIM) of this bank owned by a cigarette entrepreneur from Kudus actually decreased to 6.3 percent in the first half of 2017 from 7 percent in the first half of 2016. Meanwhile, the non-performing loan (NPL) ratio increased to 1.5 percent from 1.4 percent.