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BCA Finance pockets IDR 1.22 trillion net profit throughout 2020

20 April 2021 18:39

JAKARTA. PT BCA Finance, a finance company owned by PT Bank Central Asia Tbk (BBCA), posted a net profit of IDR 1.22 trillion in 2020, which was supported by revenue amounting to IDR 3.14 trillion.

In a recently released financial report, BCA Finance stated that the net profit in 2020 fell 28.78% year-on-year (yoy). Meanwhile, the revenue decreased by 16.34% yoy.

The amount of new financing received by BCA Finance in 2020 was recorded at IDR 15.59 trillion, while the company's total assets under management in this period was recorded at IDR 40.14 trillion.

In terms of asset quality, BCA Finance's non-performing receivables ratio for more than 30 days in 2020 stands at 1.85%. Then the ratio of non-performing accounts for more than 90 days was recorded at 1.17%.

According to idnfinancials.com data, 99.58% of BCA Finance shares were controlled by BBCA as of December 31, 2020. Meanwhile, the remaining 0.42% is owned by BCA Finance Limited. (KR/LM)

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