No More Losses, BCA Digital Achieves Rp46 Billion Profit in 2023

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Nabilah Muhamad 14/03/2024 15:31 WIB

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BCA's digital banking arm reported a net profit of Rp46 billion in 2023, marking a recovery from losses incurred the previous year.

PT Bank Digital BCA's Revenue* and Net Profit (2022-2023)

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PT Bank Digital BCA's Revenue* and Net Profit (2022-2023)

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PT Bank Digital BCA, the owner of the Blu by BCA Digital application, recorded a net profit of Rp46.04 billion in 2023. This profit follows a net loss of Rp71.6 billion in 2022.

Blu's positive performance in 2023 was driven by net interest income, which reached Rp608.7 billion. This income surged 127.06% year-on-year (yoy) compared to Rp268.08 billion in the previous year.

As a digital bank, Blu also recorded income from commissions/provisions/fees and administration totaling Rp19.54 billion in 2023, a jump of 154.88% (yoy).

In terms of intermediation, throughout 2023 Blu disbursed approximately Rp4.6 trillion in credit. This amount increased by 43.31% (yoy) compared to Rp3.2 trillion in 2022.

As a result, the bank's assets increased by 22.18% (yoy) to Rp13.50 trillion at the end of 2023.

Editor : Adi Ahdiat

"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."