JAKARTA. In 2024, PT Bank Central Asia Tbk (BBCA) manages to maintain its position in Indeks Tempo-IDNFinancials 52, securing four categories at once, namely Main Index, High Growth, High Dividend, and Big Market Capitalisation. In 2023, this biggest private bank in Indonesia was also listed under those 4 categories.

Its impressive performance at the end of 2023 has definitely allowed BBCA to reign at the top of Indeks52 categorisation. For example, its net profit in 2023 reached IDR 48.64 trillion, up 19.4% year-on-year (yoy) from IDR 40.74 trillion.

BBCA has maintained its net profit growth for the past five years consistently, recording CAGR of net profit of 11.23%. With this CAGR, BCA deserves a place under High Growth category of Indeks52.

Throughout 2023, BBCA also managed to score solid credit growth of IDR 810 trillion, up 13.9% yoy, or above average of banking industry. This top private bank also sustained its credit quality, recording non-performing loan (NPL) ratio as low as 1.9%

In addition to consistent increase of its revenue and net profit, BBCA’s assets were also seen improving 7.1% yoy to IDR 1,408.11 trillion in 2023 from IDR 1,314.73 trillion in 2022. Its equity also multiplied 9.65% yoy to IDR 242.36 trillion from IDR 221.02 trillion.

These impressive records have successfully reinforced BBCA’s capitalisation structure and liquidity, as reflected through its CAR (capital adequacy ratio) of 29.4% and loan-to-deposit ratio at 70.2%.

Under Jahja Setiaadmadja, BBCA recorded its accomplished record of collecting third-party funds from 30.7 million of its users, or up 10.3% yoy, with total current accounts and saving accounts (CASA) of IDR 884.6 trillion as of 2023, or equivalent to 80.3% of total third party funds.

Known as one of the pioneers in mobile banking, its online channel also drove BBCA’s growth, recording total transactions of 25.6 billion (+2.75% yoy) worth IDR 24,825 trillion, or equivalent to 60.3% of total transactions.
BBCA’s liquidity in the stock exchange is also unbeatable, as indicated through its floating share of 44.92%, allowing high frequency and volume of stock trading. This indicator manages to place Bank BCA under the Main Index category.

With its ever-increasing stock performance, as well as high number of shares, BBCA records the highest market capitalisation in Indonesia Stock Exchange (IDX), reaching IDR 1.24 quadrillion, thus putting this issuer under Big Market Capitalisation category.

As a company with dozens of years of experience in the banking industry under its belt, BBCA is also quite generous in allocating a portion of its net profit as dividend. Within the past 5 years, the total dividend allocated for shareholders continues to rise.

Its dividend payout ratio in 2019 was 47.9% or IDR 39 per share. It rose to 48.2% or IDR 115 per share in 2020, and continued to increase to 56.9% or IDR 145 per share in 2021. In 2022 and 2023, the payout ratio kept growing to 62.1% or IDR 205 per share and 68.47% or IDR 270 per share. With this consistent record of dividend distribution, BBCA is also listed under the High Dividend category of Indeks52.

In terms of strategy, BBCA has gained a bountiful from its current strategy, including formulating a harmony of risk management and business strategy in general by paying attention to risk appetite and risk tolerance.
BBCA is also known to have planned a risk management strategy to ensure BBCA’s risk exposure is managed properly according to credit policy, its internal procedure, and other applicable law and regulations. (AM/ZH)