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BANK - JAKARTA. JAKARTA. PT Bank Central Asia Tbk (BCA) has reported a robust performance, closing the first quarter of 2024 with a net profit increase of approximately 11.7% year-on-year (YoY). BCA's net profit for the first quarter of 2024 amounted to IDR 12.9 trillion.
This achievement in net profit was partly supported by BCA's net interest income, which rose to IDR 19.8 trillion. For comparison, BCA's net interest income in the same period last year was only around IDR 18.5 trillion.
Meanwhile, from the Net Interest Margin (NIM) ratio, BCA recorded no change from the same period last year. Thus, BCA's NIM as of March 31, 2024, remained at 5.6%.
On the other hand, non-interest income also supported BCA's performance in the period from January to March 2024. In this income post, BCA recorded an increase of 6.8% YoY to IDR 6.4 trillion.
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From the intermediation function side, BCA has disbursed loans amounting to IDR 835.7 trillion or up 17.1% YoY. Meanwhile, Third Party Funds (DPK) collected by BCA during this period also increased by 7.9% YoY to IDR 1,120.6 trillion.
As for the quality of its loan assets, BCA recorded a Non-Performing Loan (NPL) ratio in the first quarter of 2024 at 1.9%. For comparison, in the same period the previous year, BCA's NPL was at 1.8%.
Furthermore, BCA's total assets in the first three months of this year have also grown. Where, its assets grew by about 9.3% YoY to IDR 1,444 trillion.
