PT Bank Central Asia Tbk : First Quarter 2022 Results - Sustainable Growth amid Ongoing Recovery

Jakarta, 21 April 2022 - Sustaining the solid performance in 2021, PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries recorded a net profit of Rp8.1 trillion in the first quarter of 2022, a 14.6% growth year-on-year (YoY). The increase in net profit in the first quarter of 2022 was supported by business growth, including increased loans, transaction, and CASA. In line with the economic recovery, loans increased 8.6% YoY. Loan growth was recorded in all segments, both business and consumer loans. On the funding side, current accounts and savings accounts (CASA) continued to grow sustainably, increasing 21.7% YoY in March 2022, on the back of consistent innovation in digital services and expansion of the business ecosystem.

"In an effort to support the recovery of the national economy, we are holding the BCA Expoversary 2022, a hybrid online and offline exhibition, offering attractive loan interest rates for customers. We are grateful for the fantastic collaboration with various business partners and the high level of public enthusiasm during BCA Expoversary 2022, and we have therefore extended the closing date from March 27 to April 30, 2022. This year's Expoversary significantly contributed to the growth of mortgages and vehicle loans portfolio in March 2022. Since the beginning of the pandemic, BCA's mortgages achieved the highest increased, while vehicle loans showed a positive growth for the first time. We are optimistic that the number of credit applications will continue to grow until the end of April," said Jahja Setiaatmadja, President Director of PT Bank Central Asia Tbk.

Corporate loans rose 9.2% YoY to reach Rp286.9 trillion in March 2022, becoming the major contributor to BCA's total loan growth. Along with improving business activity, commercial and SME loans also increased 8.2% YoY to Rp188.8 trillion. Mortgages booked the highest credit growth among BCA's loan portfolio and grew 9.8% YoY to Rp98.2 trillion. Vehicle loans rebounded, up 3.6% YoY to Rp41.6 trillion, and credit card outstanding grew 4.9% YoY to Rp12.0 trillion. In total, consumer loans rose 7.6% YoY to Rp154.8 trillion. New consumer loan applications from the BCA Expoversary 2022 are expected to propel higher loan disbursement in the second quarter. Overall, BCA's total loans rose 8.6% YoY to Rp637.1 trillion in March 2022.

"We remain committed to promote environmental, social, and governance (ESG) values, marked by rising sustainable finance portfolio. The amount increased 25.6% YoY to Rp161.6 trillion by March 2022, and contributed to 24.9% of BCA's total portfolio. Welcoming 'Kartini' Women Day, we launched 'Multipurpose Business Loan' program for women, offering special interest rates starting from 3.88% eff.p.a., to support female MSME entrepreneurs in Indonesia. In addition to green financing initiatives, BCA has implemented a number of environmental initiatives, including waste management of debit/credit cards and EDCs, planting program by employee that seedling nearly 19,000 trees, and turning off lights for 1 hour in 544 BCA offices as a part of the Earth Hour program," said Jahja Setiaatmadja.

BCA's loan growth was accompanied by an improvement in loan quality, as the Bank's Covid 19 restructured loans gradually recovered. Loan at Risk (LAR) ratio improved to 13.8% in the first quarter of 2022, lower than 19.4% in the previous year. Non-Performing Loan (NPL) was manageable at a ratio of 2.3%, supported by the relaxation of the restructuring policy.

On the funding side, CASA rose 21.7% YoY to reach Rp798.2 trillion, contributing to 80% of total third party funds. Time deposits also grew 3.1% YoY to Rp199.6 trillion. Overall, third party funds increased 17.5% YoY to Rp997.8 trillion, driving total asset growth of 15.5% YoY to Rp1,259.4 trillion at the end of March 2022. Consistent development of digital solutions on the transaction banking platform, coupled with a high level of customer trust, have become the main driver to generate sticky CASA as the Bank's core funding. BCA continues to expand the digital ecosystem and customer base through collaboration with various strategic partners. In the first quarter of 2022, total transaction volume rose 43% YoY to over 5 billion transactions.

Underpinned by solid liquidity and stronger loan growth, BCA sustained a positive growth in Net Interest Income for the first three months of 2022, up 2.5% YoY to Rp14.5 trillion. Non-interest income grew 19.5% YoY to Rp5.9 trillion, supported by a 15.8% YoY increase in fee and commission income. In total, operating income was recorded at Rp20.4 trillion, up 6.9% YoY. In line with the improvement in asset quality, provision expense decreased by 13.4% from the previous year. With these positive achievements, net profit grew 14.6% YoY to Rp8.1 trillion.

We continue to actively make contribution to curb the pandemic, by supporting the acceleration of the national vaccination program. In addition to the employee vaccination program, BCA provided vaccination centers for wider communities, extending vaccines for children and booster vaccines in line with the government scheme. As of March 2022, BCA has supported the establishment of 220 vaccination centers in various regions of Indonesia, distributing vaccines to more than 300,000 recipients, both for employees and their families as well as the general public.

BCA's First Quarter 2022 Financial Results - Bank Central Asia's (BCA) President Commissioner Djohan Emir Setijoso (third left), President Director Jahja Setiaatmadja (third right), Deputy President Director Suwignyo Budiman (second right), Director Subur Tan (right), Director Rudy Susanto (second left), Director BCA Santoso (left), Director Vera Eve Lim (middle) during the presentation of BCA's First Quarter 2022 Financial Results, Jakarta, Thursday (21/04). In the first quarter of 2022, the bank recorded a 14.6% (YoY) growth in net profit, up to Rp8.1 trillion. BCA's total loans rose 8.6% YoY to Rp637.1 trillion in March 2022. On the funding side, CASA rose 21.7% YoY to reach Rp798.2 trillion, contributing to 80% of total third party funds. Overall, third party funds increased 17.5% YoY to Rp997.8 trillion, driving total asset growth of 15.5% YoY to Rp1,259.4 trillion at the end of March 2022

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About PT Bank Central Asia Tbk (as of 31 March 2022)

BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. As of March 2022, BCA has the privilege of serving around 30 million customer accounts, processing around 60 million of daily transactions through a network of 1,241 branches; 18,050 ATMs as well as the 24-hour internet & mobile banking systems; supported by 24/7 Halo BCA contact center. BCA's presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationship with customers, putting people first, and making positive impact on society at large. With more than 25,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.

PT BANK CENTRAL ASIA TBK
Corporate Secretary & Communication
Public Relations

Address : Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia Lt. 20
Jakarta Pusat
Telephone : [phone]
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