JAKARTA – PT Bank Central Asia Tbk (BBCA) posted a net profit of IDR 4.2 trillion in February 2025 for bank only, marking a 12% year-on-year (yoy) growth.

This growth increased BBCA’s net profit for the first two months (2M) of 2025 to IDR 9 trillion, a growth of 8.4%. This exceeds the consensus estimate, which forecast profit growth of just 7% for 2M 2025.

Investment Analyst at Stockbit Sekuritas Digital, Everson Sugianto, described BBCA’s February 2025 bank-only performance as “mixed.” He noted that the Cost of Credit (CoC) for BBCA during this period remained stable, at 0.05% for February and 0.4% for 2M 2025.

However, the bank, which holds the largest market capitalisation, is facing increasingly tight liquidity challenges. This is reflected in its Loan to Deposit Ratio (LDR), which reached 80.6% in 2M 2025, compared to 73.5% in the same period last year.

“Although liquidity tightening (rising LDR) is an industry-wide issue, BBCA still maintains relatively strong liquidity compared to the other big 4 banks,” Everson added.

As of February 2025, BBCA had collected total third-party funds (DPK) amounting to IDR 1,118 trillion, consisting of low-cost funds of IDR 992 trillion and time deposits of IDR 196 trillion. (KR/ZH)