Global conditions are becoming challenging, with tighter liquidity, normalizing commodity prices, and slower global growth prospect.
Domestic growth demonstrated resilience, with strong export and robust consumer demand continuing post-Covid momentum.
Bank Indonesia maintained its 7DRR at 3.50% in July 2022.
Inflation is rising, but its impact on consumers are softened by energy subsidies, which is supported by rising revenue from commodities.
2021
1Q22
Real GDP
3.69%
5.01%
CPI
1.87%
4.35% - Jun22
BI 7-D Rate
3.50%
3.50% - Jul22
USD/IDR
14,263
14,997 - Jun22
CA (% of GDP)
0.3%
0.1%
Source: Bank Indonesia
Inflation and BI Rates (%)
7%
6%
5.75
6.00
BI 7-day (Reverse) Repo Rate
5.50
5.25
5.00
5%
4.75
4.75
4.50
4.37
4.25
Inflation
4.35
4.00
3.83
4%
3.45
3.72
3.75
3.50
3.50
3.47
3.49
3.50
3.41
3.20
3.23
2.96
3%
2.64
2.79
2.48
2.68
1.96
2.18
2%
1.68
1.68 1.60
1%
1.32
1.33
Jun-16
Mar-17
Dec-17
Sep-18
Jun-19
Mar-20
Dec-20
Sep-21
Jun-22
Rupiah/USD
17,000
16,575
16,000
15,235
15,000
14,938
14,890
14,988
14,493 14,733
14,565
14,209
14,525
14,000
13,830
13,661
13,565
13,609
13,853
14,076
13,878
13,895
13,265
13,920
13,000
13,256
13,289
13,583
13,156
13,057
12,955
12,000
Jan-16
Aug-16
Mar-17
Nov-17
Aug-18
Jun-19
Mar-20
Dec-20
Oct-21
Jul-22
Source: Bloomberg
Analyst Meeting 1H-22
PT Bank Central Asia Tbk 3
Banking sector saw growth momentum
•
Loans increased 6.7% YoY, as working capital credit recovered.
Banking Sector Financial Summary (%)
Economic cycle is back to normal, as shown on high spending
(Rp trillion)
Mar-21
Dec-21
Mar-22
∆YoY
during the recent Ramadan festive season.
Total Assets
9,276
10,112
10,131
9.2%
•
Policy rate have bottomed, yet intense lending competition
Total Loans
5,496
5,769
5,863
6.7%
continues as liquidity remained flushed. LDR settled at 78.7%,
Third Party Funds
6,805
7,479
7,482
10.0%
deposits grew 10.0% YoY.
Transaction activities recorded a sturdy rebound from pre- pandemic level (BCA Consumer Spending Index +66%, BCA Business Txn Index +35%).
CASA
3,982
4,576
4,623
16.1%
Current Accounts
1,850
2,144
2,188
18.3%
Savings Accounts
2,132
2,432
2,434
14.2%
Time Deposits
2,822
2,904
2,859
1.3%
• Restructured loans from Covid-19 declined to IDR 596.3 tn in
Net Profit
33.0
140.2
45.4
37.4%
Jun22 (vs. May22 at IDR 606.4 tn). NPL ratio was 3.0%. CAR
4.6%
4.6%
4.6%
stood at 24.9%.
NIM
0bp
LDR
80.9%
77.5%
78.7%
-220bp
• Banking sector saw rebound in profitability, leveraging on
NPL
3.2%
3.0%
3.0%
-20bp
loan demand recovery and lower cost of credit.
CAR
24.0%
25.7%
24.9%
90bp
Source: OJK
Analyst Meeting 1H-22
PT Bank Central Asia Tbk 4
Agenda
Macroeconomy & banking industry highlights
1H22 performance overview
Sustainability finance and ESG
Share data, ratings & awards
Analyst Meeting 1H-22
PT Bank Central Asia Tbk 5
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PT Bank Central Asia Tbk published this content on 27 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2022 08:51:01 UTC.
PT Bank Central Asia Tbk (the Bank) is an Indonesia-based commercial bank. The Bankâs segments include Transaction Banking, Corporate Banking, Commercial & Small & Medium Enterprise (SME) Banking, Individual Banking, and Treasury and International Banking. The Bank offers various products and services, which include cash management services, credit cards, bancassurance products, mutual fund investment products, treasury investment products, credit facilities, standby letter of credit/bank guarantees, export import facilities, local letter of credit and foreign exchange facilities. It has operations in Sumatera, Java, Kalimantan, East Indonesia and Overseas operations. Its subsidiaries include PT BCA Finance, BCA Finance Limited, PT Bank BCA Syariah, PT BCA Sekuritas, PT Asuransi Umum BCA, PT BCA Multi Finance, PT Asuransi Jiwa BCA, PT Central Capital Ventura and PT Bank Digital BCA.
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