JAKARTA - PT Bank Central Asia Tbk (IDX: BBCA) and its subsidiaries reported solid financial performance for the first nine months of 2021. Loan disbursement grew stronger at13.8% YoY in line with BCA’s commitment to support economic recovery. On the funding side, current accounts and savings accounts (CASA) achieved year-on-year growth of 21.0% in September 2021.
New disbursed loans outweighed loan repayment, allowing total outstanding loans grew by 4.1% to Rp605.9 trillion in September 2021. Placement in corporate bonds also grew positive, by 16.1%YoY. In total, BCA’s combined portfolio of loans and corporate bonds increased 4.5% YoY toRp630.2 trillion.
On the third party funds side, BCA recorded a solid performance in the third quarter of 2021. CASA rose 21.0% YoY to reach Rp721.8 trillion as of September 2021. Meanwhile, time deposits also increased 9.7% YoY to Rp201.9 trillion. Overall, third party funds increased by 18.3% to Rp 923.7 trillion, propelling total assets to grow 16.5% YoY to reach Rp 1,169.3 trillion.
Along with solid liquidity growth and increasing outstanding loans, BCA maintained positive growth in Net Interest Income, up 3.3% YoY to Rp42.2 trillion, for the first nine months of 2021. Non- interest income was recorded at Rp15.5 trillion during the same period, a growth of 2.4% YoY. The positive performance of non-interest income was driven in part by a 11.2% increase year-on- year in fee and commission income, which reached Rp10.7 trillion. In total, operating income was recorded at Rp57.6 trillion, an increase of 3.1% YoY. Overall, net profit grew 15.8% YoY to Rp23.2 trillion, attributable to lower operating cost and lower loan provisioning expense. (LM)