Jakarta, 23 January 2025 - PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries concluded the 2024 financial year with a loan growth of 13.8% YoY, reaching Rp922 trillion. This solid loan growth was accompanied by sound asset quality, with BCA's Loan at Risk (LAR) ratio improving to 5.3% in 2024, down from 6.9% in 2023.

"BCA appreciates the trust of our customers and the support from the government and authorities, which allowed us to close 2024 with a solid performance. Despite global geopolitical challenges, the domestic economy continued to post steady growth. BCA remains committed to supporting the national economy through various initiatives held in 2024, such as 'BCA Expo' consumer loan exhibitions, 'BCA UMKM Fest' micro SME showcase, "BCA Wealth Summit", and "Gebyar Hadiah BCA" promotional program. These initiatives have contributed to our overall performance, including a notable increase in lending to the MSME segment as of December 2024," stated President Director of BCA Jahja Setiaatmadja.

As of December 2024, credit growth was driven by corporate loans, which increased by 15.7% YoY to reach Rp426.8 trillion, supported by various sectors. Commercial loans grew by 8.9% YoY to Rp137.9 trillion, while SME loans rose by 14.8% YoY to Rp123.8 trillion. The total consumer loan portfolio expanded by 12.4% YoY to Rp223.7 trillion, propelled by vehicle loans, which saw an increase of 14.8% YoY to Rp65.3 trillion, and mortgage loans, which rose 11.2% YoY to Rp 135.5 trillion. Other consumer loans (primarily credit cards) grew by 12.8% YoY to Rp22.9 trillion.

Sustainable finance portfolio grew by 12.5% YoY, reaching Rp229 trillion as of December 2024, and contributing 24.8% to total loans. This growth was driven by electric vehicle loans, which saw an 84.2% YoY increase to Rp2.3 trillion. Furthermore, BCA disbursed sustainability-linked loans (SLL), which tripled YoY to Rp1 trillion.

"BCA's commitment to environmental, social, and governance (ESG) values continues to be reinforced through the calculation of the carbon footprint generated by all operational activities throughout the year. As of 2024, BCA is estimated to have reduced emissions by 4,216 tons of CO2 through the processing of 593 tons of operational waste, adoption of digital banking, and implementation of green energy buildings. BCA's dedication to green building initiatives is exemplified by Wisma BCA Foresta, which has received the Green Mark Super Low Energy certification from the Building and Construction Authority of Singapore," said Jahja Setiaatmadja.

BCA's net interest income (NII) grew by 9.5% YoY to Rp82.3 trillion in 2024. Non-interest income increased by 10.2% YoY to Rp25.2 trillion, resulting in total operating income to Rp107.4 trillion, up by 9.7% YoY. Meanwhile, BCA's provisioning costs were recorded at Rp2.0 trillion. The non-performing loan (NPL) ratio remained stable at 1.8% in 2024. Consequently, the net profit for BCA and its subsidiaries rose by 12.7% to reach Rp 54.8 trillion.

On the funding side, current and savings account (CASA) contributed ~82% of total third-party funds, growing by 4.4% to reach Rp924 trillion. With the continuous expansion of the transaction banking ecosystem, both online and offline, BCA's total transaction frequency hit a record high, rising 21% YoY to ~36 billion. Specifically, for mobile and internet banking, transaction frequency reached 31.6 billion, up 24% YoY. As of December 2024, the number of BCA customer accounts exceeded 41 million, doubling in 5 years. The growth in CASA, transaction volume, and customer accounts was driven by continuous innovation tailored to customer needs.

The MyBCA mobile banking app is continuously enhanced with various innovations in 2024 to improve customer transaction convenience. These updates include QRIS Transfer, QRIS cross border, the 'Protection' feature for insurance, 'Poket Valas' as a digital wallet offering 16 foreign currencies, access to myBCA from phone numbers in more than 180 countries, and the ability for customers to update their investment risk profiles via the 'Welma' feature. The latest updates to myBCA include the 'Lifestyle' feature, which allows customers to conveniently purchase various vouchers, and the option to apply for BCA credit cards directly through the app.

Throughout 2024, BCA received numerous prestigious awards across various fields. Notably, international media outlets Newsweek and STATISTA recognized BCA as the No. 1 World's Most Trustworthy Company 2024 in the banking sector, marking the second consecutive year BCA has received this honor. Forbes named BCA the World's Best Bank in Indonesia, while Brand Finance awarded BCA as the World's Strongest Banking Brand 2024. Additionally, BCA won the Best PR Campaign: Integrated Communications Indonesia 2024 award from the Global Business & Finance Magazine Awards. BCA also received Asia's Best CSR award at the Asian Excellence Award 2024, organized by Corporate Governance Asia in Hong Kong. Furthermore, the company was awarded Grand Champion of the Annual Report Award 2023 for the quality and transparency of its annual report in compliance with OJK regulations.

BCA is committed to creating value and making a positive impact on society and the environment. This commitment is demonstrated through various initiatives, such as BCA Berbagi Ilmu and the distribution of scholarships to 700 students in 2024. In the health sector, BCA is a funding partner in the accelerated stunting reduction program led by BKKBN and USAID, contributing US$1 million in funding. The company also organized free cataract surgeries for over 1,000 patients across 7 regions throughout `2024. Furthermore, BCA actively supports the market expansion and export training of MSMEs through Bakti BCA. Notably, through Bakti BCA, the company assisted silver artisans from Taro Tourism Village in Bali to enhance their market access by collaborating with the local jewelry brand TULOLA. In the environmental sector, Bakti BCA planted 51,500 trees in various regions, released more than 15,000 sea turtle hatchlings, and restored 4 artificial islands for orangutans in Kalimantan. Additionally, Bakti BCA hosted the "Gebyar BCA Merah Putih: Indonesia Banget!" event, which attracted over 10,000 visitors over 3 days at the Prambanan Temple area. The event featured numerous MSMEs at the Kangen Market and included a vibrant musical performance involving youth from local studios and students from Sekolah Bakti BCA.

Picture Information 1&2:

Strong Performance Across Segments, Net Profit of BCA and Its Subsidiaries Grows 12.7% to Rp54.8 trillion - BCA Commissioner Tonny Kusnadi (fourth right), BCA President Director Jahja Setiaatmadja (center), BCA Vice President Director Hendra Lembong (third left), BCA Director Subur Tan (second right), BCA Director Rudy Susanto (third right), BCA Director Santoso (second left), BCA Director Vera Eve Lim (fourth left), BCA Director Frengky Chandra Kusuma (right), and BCA Director John Kosasih (left), in "BCA 2024 Full Year Financial Performance Result" held on Thursday (23/1). In 2024, BCA and its subsidiaries recorded a net profit growth of 12.7%, reaching Rp54.8 trillion. This growth was driven by BCA's total loan growth of 13.8% YoY, reaching Rp922 trillion as of December 2024.

Picture Information 3:

BCA's Commitment to Contributing to the Community and the Environment - BCA Corporate Secretary Raymon Yonarto (left), EVP Corporate Communication & Social Responsibility BCA Hera F. Haryn (center), and SVP Investor Relations BCA Rudy Budiardjo (right) at "BCA 2024 Full Year Financial Performance Result", Thursday (23/1). Under the umbrella of Bakti BCA, BCA supports the development of society and the environment in various fields. In the education sector, BCA organizes BCA Berbagi Ilmu (BCA Knowledge Sharing), as well as the distribution of scholarships for 700 students in 2024. In the health sector, BCA is a US$1 million funding partner in the accelerated stunting reduction program from BKKBN and USAID. The company provided free cataract surgeries to over 1,000 patients in 7 regions throughout 2024. In the MSME sector, BCA is actively involved in assisting the market expansion and export training of a number of MSME players fostered by Bakti BCA. In addition, in the environmental sector, Bakti BCA planted over 51,500 trees in various regions, released over 15,000 sea turtles, and repaired 4 artificial islands for orangutans in Kalimantan.

***

About PT Bank Central Asia Tbk (as of 31 December 2024)

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 corporate, SME, and commercial segments. By the end of December 2024, BCA has the privilege of serving more than 41 million customer accounts, processing around 98.4 million daily transactions through a network of 1.264 branches, 19.543 ATMs, as well as internet & mobile banking services and Halo BCA contact center that can be accessed 24 hours. 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. BCA is committed to building lasting relationships with customers, putting people first, and making a positive impact on society at large. With more than 27.000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.

PT BANK CENTRAL ASIA TBK

Group Corporate Communication and Social Responsibility - CSR

Corporate Communication

Address : Jl. MH Thamrin No. 1
Menara BCA Lt. 22
Jakarta Pusat 10310
Telephone : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id

Share This Article
  • Link berhasil disalin

Attachments

  • Original document
  • Permalink

Disclaimer

PT Bank Central Asia Tbk published this content on January 23, 2025, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on January 24, 2025 at 03:52:03.701.