JAKARTA (TheInsiderStories) - The lender owned by Djarum Group, PT Bank Central Asia Tbk (IDX: BBCA), reported total outstanding loans was dropped 4.15 percent to Rp586.8 trillion (US$40.47 billion) in the first quarter (1Q) of 2021 from a year ago Rp612.2 trillion, said the management today. Despite the lower loans growth, the company could maintained the net profit grew by 7 percent to Rp7 trillion in the same quarter.
In details, corporate loans rose 0.9 percent to Rp262.6 trillion, commercial and SMEs fell 6.4 percent to Rp178.9 trillion, and consumer credit contracted 10 percent to Rp139.5 trillion. According to president director, Jahja Setiaatmadja, the need for new credit is still weak in the 1Q of 2021 and make the total credit decline.
He hope, the government stimulus in the automotive and property sectors, to boost the loan growth in the next quarter. While, finance director, Vera Eve Lim, added based on the Business Plan, Bank Central Asia targeting the loans could grow 6 percent in this year.
To support the target, he largest bank in term of market capitalization in Indonesia, to launches Bank Digital BCA as the transformation of PT Bank Royal Indonesia which has been acquired in 2019. Lim conveyed the digital bank had received approval from the Financial Services Authority and was initially to introduced in the second half of 2020 but was plagued by a pandemic.
The bank is the transformation of PT Bank Royal Indonesia which has been acquired in 2019.
The statement came from the deputy president director of the lender, Suwignyo Budiman. He states, “BCA digital will be launched early this year, with the special aim of serving millennials.”
Previously, finance director of Bank Central Asia, Vera Eve Lim, said the digital bank had received approval from the Financial Services Authority and was initially to introduced in the second half of 2020 but was plagued by a pandemic. To support the new businesses, the lender has allocated Rp2 trillion fresh capital to the units.
She said, around Rp1 trillion will be distribute to develop the sharia banking business line through PT BCA Syariah and another Rp1 trillion for Bank Royal to enter Commercial Bank Business Group II group. After the injection, the unit’ capital will raised to Rp1.3 trillion from initially was Rp319.71 billion.
Setiaatmadja explained, that Bank Digital BCA, will work on the micro, small and medium enterprises segment because these sectors have a very open market niche. BCA took over shares of Bank Royal in November 2019 with valued Rp988,05 billion. To support the new businesses, the lender has allocated Rp2 trillion fresh capital to the subsidiaries.
Beside for the digital businesses, around Rp1 trillion will be distributes to develop the sharia banking business line through PT BCA Syariah and another Rp1 trillion for Bank Royal to enter commercial bank business group II. After the injection, the unit’ capital will raised to Rp1.3 trillion from initially was Rp319.71 billion. He revealed the digital bank will work on the micro, small and medium enterprises segment because these sectors have a very open market niche.
US$1: Rp14,500
Written by Editorial Staff, Email: theinsiderstories@gmail.com
