Economy grows moderately on the back of resilient domestic consumption, still one of the highest among major economies
Good terms of trade and trade surplus to continue in 2023 albeit commodity prices will normalize.
Investment still has room for growth driven by foreign and domestic projects, and government capital expenditures.
Bank Indonesia increased its policy rate by 225 bps in total to 5.75% over the last 6 months to anticipate global headwinds and maintain domestic growth momentum.
2021
2022
2023
Real GDP
3.30%
5.72%*
4.78%
CPI
1.87%
5.51%
4.43%
BI 7-D Rate
3.50%
5.50%
6.00%
USD/IDR
14,364
15,228
16,292
CA (% of GDP)
0.29%
1.28%*
-0.19%
*) Q3-22 number
Source: Bank Indonesia & BPS for 2022, BCA economist for 2023
Inflation and BI Rates (%)
7%
6.00
BI 7-day (Reverse) Repo Rate
5.95
6%
5.75
5.75
5.50
5.51
5.25
5.50
5.00
5%
4.75
4.75
4.94
5.25
4.50
4.75
4.37
4.25
4.00
4.35
4.25
3.83
4%
3.72
3.75
3.75
3.45
3.41
3.49
3.23
3.50 3.50 3.50
3.20
2.96
3%
2.64
2.79
2.48
2.68
1.96
2.18
Inflation
2%
1.68
1.68
1.60
1%
1.32
1.33
Jun-16
Feb-17
Oct-17
Jun-18
Feb-19
Oct-19
Jun-20
Feb-21
Dec-21
Jun-22
Jan-23
Rupiah/USD
17,000
16,575
16,000
15,743
15,235
15,000
14,938
14,890
14,674
15,158
14,565
14,525
14,493
14,209
14,668
13,830
14,000
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
Jul-16
Feb-17
Oct-17
Apr-18Dec-18Aug-19
Apr-20Dec-20
Sep-21May-22
Jan-23
Source: Bloomberg
Analyst Meeting FY-22
PT Bank Central Asia Tbk 4
Banking sector: sustained business momentum
• Banking sector loans increased 11.0%
YoY driven
by
Banking Sector Financial Summary (%)
sustained business momentum across
segments
and
(Rp trillion)
Sep-21
Dec-21Sep-22
∆YoY
∆YtD
economic sectors.
Deposit growth rate of 6.8% YoY, a normalized level owing to economic rebounds. LDR rose YtD, standing at 82.4% as loans outgrew deposits.
Asset quality continued to improve. OJK extends the credit restructuring relaxation policy period until March 2024.
CAR ratio to increase from the implementation of Standardized Approach for credit risk and operational risk effective Jan23.
Total Assets
9,735
10,112
10,488
7.7%
3.7%
Total Loans
5,653
5,769
6,275
11.0%
8.8%
Third Party Funds
7,162
7,479
7,647
6.8%
2.2%
CASA
4,277
4,576
4,776
11.7%
4.4%
Current Accounts
1,982
2,144
2,250
13.5%
5.0%
Savings Accounts
2,295
2,432
2,525
10.0%
3.8%
Time Deposits
2,885
2,904
2,872
-0.5%
-1.1%
Net Profit
104.6
140.2
154.5
47.6%
n.a
NIM
4.6%
4.6%
4.9%
30bp
30bp
LDR
79.1%
77.5%
82.4%
330bp
490bp
NPL
3.2%
3.0%
2.8%
-40bp
-20bp
CAR
25.2%
25.7%
25.2%
0bp
-50bp
Source: OJK
Analyst Meeting FY-22
PT Bank Central Asia Tbk 5
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PT Bank Central Asia Tbk published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 08:52:00 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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