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BCA launches BCA Multi Finance

11 October 2019 16:08

JAKARTA. PT Bank Central Asia Tbk. launched its new multi-purpose financing company, PT BCA Multi Finance (BCAMF) to replace PT Central Sentosa Finance.

The company hopes that the new company can work on the multi-purpose financing business more optimally, and actively making innovation. 

President Director of PT Bank Central Asia Tbk. Jahja Setiaadmadja, stated that the launch of this new company marked the beginning of an era of diversity in financing solutions. The company hopes to meet the expectations and needs of consumers, business partners, and society at large.

"Hopefully in the future, with this change, our contribution will be more significant, especially in supporting Indonesia's economic growth," he said during the inauguration ceremony of BCAMF on Friday (11/10/2019).

For information, on 22 September 2017, BCA officially acquired 100% of CS Finance shares, following the purchase of 30% of CS Finance shares owned by PT Multikem Suplindo.

75% of the new company's shares is owned by BCA, while the remaining 25% is owned by BCA Finance, so that the company is fully part of the BCA Group. The company will mainly focus on vehicle and multi-purpose financing. (AM/AR)

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