BCA Closes 2024 with Record-Breaking Performance Amid Economic Challenges
PT Bank Central Asia Tbk (BCA), Indonesia’s largest private bank, has capped off 2024 with a stellar financial performance, showcasing resilience and growth despite a challenging global economic landscape. The bank reported a consolidated net profit of IDR 54.8 trillion, marking a 12.7% year-on-year (YoY) increase. This achievement underscores BCA’s robust financial health and its pivotal role in supporting Indonesia’s economy.
Strong Financial Foundations
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BCA’s success in 2024 was driven by meaningful growth in its net interest income (NII), which rose 9.5% YoY to IDR 82.3 trillion. Additionally, non-interest income surged 10.2% YoY to IDR 25.2 trillion, bringing the total operating income to IDR 107.4 trillion, a 9.7% YoY increase. The bank’s provision costs were recorded at IDR 2 trillion, while its non-performing loan (NPL) ratio remained stable at 1.8%, reflecting prudent risk management.
President Director of BCA, Jahja Setiaatmadja, expressed gratitude for the trust of customers and the support from the government and authorities. “BCA is grateful for customer trust and support from the government and authorities, so that the company is able to pass 2024 solidly and achieve positive performance. We see that the domestic economy is able to grow, amidst various challenges and changes in the global geopolitical landscape,” he said during a presentation on the company’s performance on January 23, 2025.
Credit Growth and Quality
BCA’s total credit grew 13.8% YoY to IDR 922 trillion, supported by improvements in its loan at risk (LAR) ratio, which dropped to 5.3% in 2024 from 6.9% in 2023. The bank’s credit distribution was bolstered by growth across multiple sectors:
- Corporate credit rose 15.7% YoY to IDR 426.8 trillion.
- Commercial credit increased 8.9% YoY to IDR 137.9 trillion.
- SME credit grew 14.8% YoY to IDR 123.8 trillion.
BCA’s commitment to supporting the national economy was evident through its strategic initiatives,including the BCA Expo,BCA UMKM Fest 2024,BCA Wealth Summit 2024,and the BCA Prize Festival. These events played a crucial role in driving credit distribution, notably to the MSME segment, which saw significant growth by the end of 2024.
Consumer and Enduring Financing
The bank’s consumer credit portfolio also saw robust growth, rising 12.4% YoY to IDR 223.7 trillion. this was supported by increases in car loans (KKB), which grew 14.8% YoY to IDR 65.3 trillion, and mortgage loans (KPR), which rose 11.2% YoY to IDR 135.5 trillion. Othre consumer loans, primarily credit cards, grew 12.8% YoY to IDR 22.9 trillion.
BCA’s focus on sustainable financing also yielded extraordinary results, with credit to sustainable sectors growing 12.5% YoY to IDR 229 trillion, contributing 24.8% of the total financing portfolio. Notably, credit for electric motor vehicles surged 84.2% YoY, reflecting the bank’s alignment with global sustainability trends.
Key Highlights of BCA’s 2024 Performance
| Metric | 2024 value | YoY Growth |
|————————–|———————-|—————-|
| Net Profit | IDR 54.8 trillion | 12.7% |
| Net Interest Income (NII)| IDR 82.3 trillion | 9.5% |
| Non-Interest Income | IDR 25.2 trillion | 10.2% |
| Total Credit | IDR 922 trillion | 13.8% |
| NPL Ratio | 1.8% | Stable |
Looking Ahead
BCA’s performance in 2024 highlights its resilience and adaptability in navigating economic challenges. The bank’s strategic initiatives, coupled with its focus on sustainable financing and support for MSMEs, position it as a key driver of Indonesia’s economic growth.
For more insights into BCA’s performance and its impact on the banking sector, explore related articles on Banking Performance in 2024 and the Managing Director of BCA Digital’s IPO Plans for 2025.
BCA’s achievements in 2024 serve as a testament to its commitment to excellence and its pivotal role in shaping Indonesia’s financial landscape. As the bank continues to innovate and support economic growth, it remains a cornerstone of the nation’s banking sector.nBank Central Asia (BCA) has made significant strides in its sustainability efforts, with its sustainability-related loans (Sustainability Linked Loan/SLL) reaching IDR 1 trillion, a threefold increase annually. This achievement underscores BCA’s commitment to integrating environmental, social, and governance (ESG) values into its operations. Jahja, a representative of BCA, emphasized that the bank’s dedication to ESG is evident through its meticulous calculation of the carbon footprint resulting from all operational activities throughout the year.
In 2024, BCA is projected to reduce emissions by approximately 4,216 tons of CO2. This reduction will be achieved through the processing of 593 tons of operational waste,the adoption of digital banking solutions,and the implementation of environmentally friendly building practices. These initiatives highlight BCA’s proactive approach to mitigating its environmental impact while fostering sustainable growth.
On the financial front, BCA’s current and savings funds (CASA) contributed around 82% of the total DPK, which grew by 4.4% to reach IDR 924 trillion.The bank’s total transaction frequency also hit a record high, increasing by 21% year-on-year (YoY) to reach 36 billion. Specifically, mobile banking and internet banking transactions surged to 31.6 billion, marking a 24% YoY growth. The number of BCA customer accounts as of December 2024 exceeded 41 million, doubling over the last five years.
Jahja attributed this growth to BCA’s continuous innovation, which focuses on meeting customer needs. “The increase in CASA, transaction volume, and number of customers is realized in line with continuous innovation that focuses on customer needs,” he said.
To provide a clearer picture of BCA’s achievements, here’s a summary of key metrics:
| Metric | 2024 Value | Growth |
|——————————–|————————-|————————|
| Sustainability Loans (SLL) | IDR 1 trillion | 3x annually |
| CO2 Emission Reduction | 4,216 tons | – |
| Operational Waste Processed | 593 tons | – |
| Total Transaction Frequency | 36 billion | 21% YoY |
| Mobile & Internet Banking | 31.6 billion | 24% YoY |
| Customer accounts | 41 million | 2x in 5 years |
BCA’s efforts in sustainability and digital transformation are setting a benchmark in the banking industry. For more insights into the banking sector,explore related articles such as Idle Credit in banking is piling Up, Pay Attention to the Cause and Benchmark Interest Rates Decrease, KPR Bad Loan Ratio Has Chance to Improve in 2025.
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Headline:
“BCA’s Resilience: Record-Breaking performance in 2024 Amidst Economic Challenges”
Introduction:
PT bank Central Asia Tbk (BCA),Indonesia’s largest private bank,has concluded 2024 on a high note,demonstrating remarkable financial strength and growth despite global economic headwinds. The bank reported a consolidated net profit of IDR 54.8 trillion, marking a 12.7% year-on-year (YoY) increase, underscoring its robust financial health and crucial role in supporting Indonesia’s economy.
Strong Financial Foundations
BCA’s success in 2024 was underpinned by important growth in its net interest income (NII), which rose 9.5% yoy to IDR 82.3 trillion. Additionally, non-interest income surged 10.2% YoY to IDR 25.2 trillion, bringing the total operating income to IDR 107.4 trillion, a 9.7% YoY increase.the bank’s provision costs were recorded at IDR 2 trillion, while its non-performing loan (NPL) ratio remained stable at 1.8%, reflecting prudent risk management.
Jahja Setiaatmadja, President Director of BCA, expressed gratitude for the trust of customers and support from the government and authorities. “BCA is grateful for customer trust and support from the government and authorities, enabling us to solidly pass 2024 and achieve positive performance. We see that the domestic economy is able to grow amidst various challenges and changes in the global geopolitical landscape,” he said during a presentation on the company’s performance on January 23, 2025.
Credit Growth and Quality
BCA’s total credit grew 13.8% YoY to IDR 922 trillion, supported by improvements in its loan at risk (LAR) ratio, which dropped to 5.3% in 2024 from 6.9% in 2023. The bank’s credit distribution was bolstered by growth across multiple sectors:
- Corporate credit rose 15.7% YoY to IDR 426.8 trillion.
- Commercial credit increased 8.9% YoY to IDR 137.9 trillion.
- SME credit grew 14.8% YoY to IDR 123.8 trillion.
BCA’s commitment to supporting the national economy was evident thru strategic initiatives such as the BCA Expo, BCA UMKM Fest 2024, BCA Wealth Summit 2024, and the BCA Prize Festival, which played a crucial role in driving credit distribution, notably to the MSME segment.
Consumer and Enduring Financing
The bank’s consumer credit portfolio also saw robust growth, rising 12.4% YoY to IDR 223.7 trillion. This was supported by increases in car loans (KKB), which grew 14.8% YoY to IDR 65.3 trillion, and mortgage loans (KPR), which rose 11.2% YoY to IDR 135.5 trillion. Other consumer loans, primarily credit cards, grew 12.8% YoY to IDR 22.9 trillion.
BCA’s focus on sustainable financing also yielded remarkable results, with credit to sustainable sectors growing 12.5% YoY to IDR 229 trillion,contributing 24.8% of the total financing portfolio. Notably, credit for electric motor vehicles surged 84.2% YoY, reflecting the bank’s alignment with global sustainability trends.
key Highlights of BCA’s 2024 Performance
| Metric | 2024 Value | YoY Growth |
|—————————————-|——————|————|
| net Profit | IDR 54.8 trillion | 12.7% |
| Net Interest Income (NII) | IDR 82.3 trillion | 9.5% |
| Non-interest Income | IDR 25.2 trillion | 10.2% |
| Total Credit | IDR 922 trillion | 13.8% |
| NPL Ratio | 1.8% | Stable |
Looking Ahead
BCA’s performance in 2024 highlights its resilience and adaptability in navigating economic challenges. The bank’s strategic initiatives, coupled with its focus on sustainable financing and support for MSMEs, position it as a key driver of Indonesia’s economic growth. As the bank continues to innovate and support economic growth, it remains a cornerstone of the nation’s banking sector.