TEMPO.CO, Jakarta - The private lender Bank Central Asia (BCA) recorded a net profit of Rp23.3 trillion throughout 2017. The number was an increase of 13.1 percent from that in 2016 of Rp20.6 trillion.
BCA President Director Jahja Setiaatmadja said the achievement was driven by a number of factors including the credit growth and third-party funds. "BCA's profit is also supported by the efficiency and a lower number of non-performing loan (NPL),” said Jahja in Jakarta Thursday, March 8.
BCA operational income also experienced net growth of 6 percent from Rp53.8 trillion in 2016 to Rp57 trillion in 2017. The BBCA stock revenue grew 4.1 percent to Rp41.8 trillion, while other operational rose up to 11.5 percent to Rp15.1 trillion.
As for credit disbursement, BCA posted 12.4 percent growth to Rp468 trillion. Jahja stated the growth is sustained by all sectors.
BCA's corporate credit increased of 14.5 percent to Rp177.3 trillion at the end of last year. Consumer credit also grew 12.1 percent to Rp122.8 trillion; particularly on housing credits, it rose by 14.2 percent to Rp73 trillion and vehicles credits increased by 10 percent to Rp38.3 trillion.
Similarly, credit cards rose to 6.9 percent to Rp11.5 trillion in 2017, while commercial and SMEs credit loans grew 10.3 percent to Rp167.5 trillion.
Meanwhile, the non-performing loans (NPL) ratio maintained at 1.5 percent. Jahja said the company did not specifically set the income target in 2018. He considered the NPL value cannot be pressed continuously. "The important thing is it’s under control," he said.
Jahja is reluctant to estimate BCA profit growth in 2018. But he said the credit could be increased up to 12 percent. "This year, loan disbursement is still a conservative project," said Jahja.
Aditya Budiman
