JAKARTA – Profit growth of PT Bank Central Asia Tbk (BBCA) was seemingly slowing down from 2022 to 2023, despite its net income consistently growing from year to year. Within the past three years since 2020, the percentage of its profit growth was the highest in 2022 compared to the profit growth in 2023 and 2021.

Based on the data compiled by IDNFinancials today (26/1), BCA’s net profit in 2023 shifted 19.39% year-on-year (yoy) to IDR 48.65 trillion from IDR 40.75 trillion. The profit in 2022 soared 26.62% yoy from IDR 31.44 trillion, while the 2021 net profit was 15.81% yoy higher than 2020 net profit of IDR 27.14 trillion.

The slowing-down of this profit growth percentage is partly due to the increase of operational expenses. In 2023, BCA’s operational expenses were recorded at IDR 37.50 trillion, IDR 5 trillion higher (15.45%) from 2022’s of IDR 32.48 trillion.

The operational expenses surge in 2022 was slower, only increasing IDR 2 trillion (7.17%) from the operational expenses in 2021 of IDR 30.30 trillion, as well as the IDR 1.2 trillion increase (1.1%) from the operational expenses in 2020 of IDR 29.96 trillion.

On the other hand, BCA’s revenue in 2023 soared 17.40% to IDR 75.12 trillion from IDR 63.98 trillion in 2022. The 2022 revenue shifted 13.90% yoy from IDR 56.13 trillion in 2021, while the 2021 revenue grew 3.64% yoy from IDR 54.16 trillion in 2020. (LK/ZH)