BCA's Assets and Profits Show Strong Growth Over the Past Decade

PT Bank Central Asia Tbk (BCA) is one of the largest banks in Indonesia, with assets reaching Rp1.45 quadrillion as of December 2024.

Compared to December 2015, its assets have grown by 144%.

Over the past decade, the profit of this issuer, with the stock code BBCA, has also grown by 204%, from Rp18 trillion (2015) to Rp54.8 trillion (2024).

BCA's profit in 2024 reached a new record high, as shown in the graph.

History of BCA Share Ownership

BCA was initially a company owned by the Salim Group, operating since 1957. However, during the 1998 Asian financial crisis, BCA experienced a bank run, resulting in significant losses.

BCA then became a bank takeover (BTO), meaning its operations and control were taken over by the Indonesian government through the Indonesian Bank Restructuring Agency (BPPN). At that time, the Indonesian government controlled 92.8% of its shares.

Then, throughout the period 2000-2005, the government gradually divested its shares.

In 2000, the Indonesian government released 22% of its BCA shares to the stock exchange at a price of Rp1,400 per share. Then, in mid-2001, the government conducted a secondary public offering of 10%.

In March 2002, the government appointed Farindo Investment (Mauritius) Limited, a consortium formed by Farallon Capital, as the winner of the divestment of 51% of BCA shares, with a transaction value of Rp5.3 trillion.

In 2004, the government again released 1.4% of BCA shares through a private placement. Finally, in 2005, the government divested its remaining 5.02% stake.

Currently, the majority of BCA shares are controlled by the Djarum Group, with the following details:

• PT Dwimuria Investama Andalan (Djarum Group): 67.73 billion shares (54.94%)
• Public: 55.54 billion shares (45.04%)
• Treasury stock: 28.32 billion shares (0.02%)
• Total: 123.27 billion shares (100%)