PT Bank Central Asia Tbk : Bank Central Asia's Third-Quarter Net Profit Fell 3.3%

Indonesia-based Bank Central Asia's net profit fell 3.3% in the third quarter as the lender booked higher provisions due to the Covid-19 pandemic.

BCA's profit fell to 7.795 trillion rupiah ($531.7 million) from IDR8.059 trillion a year earlier.

Net interest income rose 5.9% to IDR13.554 trillion, while noninterest income slid almost 12% to IDR4.763 trillion.

The bank booked provisions of IDR2.606 trillion, more than double from a year earlier but down 40% from the prior quarter. BCA said it expects 18%-20% of total loans to be restructured by the end of the year due to the impact of the pandemic.

BCA's nonperforming loan ratio rose to 3.1% at the end of September from 3.0% at the end of June.

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(END) Dow Jones Newswires

10-26-20 0702ET