JAKARTA - PT Bank Central Asia Tbk (BBCA) plans to continue to raise its deposit interest rate by approximately 25 basis points (bps) in September 2018. This policy is a response to the policy of Bank Indonesia, which increases the BI 7-Day (Reverse) Repo Rate.
Vera Eve Lim, Finance Director of PT Bank Central Asia Tbk (BBCA) stated BCA has adjusted its deposit interest rate by approximately 100 bps since April 2018. “BI has increased the interest rate since April, and BCA has responded by starting to increase our deposit interest rate,” said she, in Jakarta.
According to Lim, the company will increase the loan interest rate in August 2018 approximately by 25 bps in all segments such as corporate, commercial, and small medium enterprise (SME). BCA also has another adjustment for its interest rate by approx. 70 bps for mortgage, and 50 bps for four-wheel drive. (LK/W)