BCA profits increase by 12 percent
(19 July 2016 – Indonesia) Indonesia's biggest lender, PT Bank Central Asia Tbk (BCA), reported earlier this week that it had achieved a 12.1 percent rise in net profit for the first half of 2016, lifted by growth in current and savings accounts as well as lower cost of funds.
The bank posted a net profit of 9.6 trillion rupiah (A$980 million) for the six months ended June 30, up from 8.5 trillion rupiah a year earlier.
In a statement, BCA President-Director Jahja Setiaatmadja said: "Solid current and savings accounts growth and reduced cost of funds allowed BCA to maintain a healthy net interest margin even with reduction in interest rates across lending segments."
Outstanding loans at the end of June grew 11.5 percent to 387 trillion rupiah from a year earlier. Non-performing loans however doubled to 1.4 percent over the same period.
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