BCA records profit of Rp9.6 trillion

July 20, 2016, 10.23 PM | Source: Antara
BCA records profit of Rp9.6 trillion


The compensation of growth in credit distribution was seen in the hike of non-performing loan ratio to 1.4 percent by the end of June 2016 from 0.7 percent in June last year. Jahja, however, saw the trend of NPL hike would weaken.

"The NPL is indeed predicted to rise until September but the rise will not be drastic and may have a tendency of slowing seeing the start of improvement in the economy," he underlined.

To anticipate problem credits, the BCA has set up an additional reserve fund worth Rp2 trillion. In June, the ratio of the reserve to total problem credits reached 193 percent.

The BCA's liquidity condition seemed to be easing continuously. Although the credit growth reached double digits, the ratio of funds to lending (LFR) was recorded at only 77.9 percent.

The LFR position was still below the central bank's existing standard, which is at 78 to 92 percent. The newest standard is at 80-92 percent.

In the first half of this year, the BCA collected Rp490.6 trillion in third-party funds, reflecting a growth of 7.8 percent.

With the credit achievement and the third party funds, BCA assets in the period were recorded at Rp626.1 trillion. 

Editor: Yudho Winarto

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