PT Bank Central Asia (BCA) Tbk (BBCA) closed the first half (H1) of 2018 with net profit growth of 8.4% year on year (y/y) to Rp 11.4 trillion compared to Rp10.5 trillion in the same period last year. The Bank’s operating income as a total of net interest income and non-interest income grew 7.6% to Rp29.5 trillion during the semester compared to Rp 27.4 trillion recorded in H1 of 2017.
BCA’s loan portfolio increased 14.2% y/y to Rp494 trillion, with current accounts and savings accounts (CASA) growing 12.7% to Rp481 trillion. Corporate loans grew 19.1% to Rp191.4 trillion, while the commercial and SME segment increased 15.1% to Rp174.8 trillion. Consumer lending grew 6.0% to Rp128.2 trillion.
BCA posted a Non-Performing Loans (NPL) ratio of 1.4% at the end of June 2018. The ratio of total allowance to NPL (loan loss coverage) stood at 187.8%. The Bank maintained healthy liquidity and a strong capital position with a Loan to Funding Ratio (LFR) of 77.0% and a Capital Adequacy Ratio (CAR) of 22.8% as of 30 June 2018. At the end of June 2018, third party funds registered growth of 7.6%, attaining Rp615.6 trillion.