BCA Posts Rp 29.5 Trillion First-Half Profit Despite Margin Pressure
Jakarta. Bank Central Asia (BCA), Indonesia's largest private lender, reported a 1.8% increase in first-half net profit to Rp 29.5 trillion ($1.6 billion), supported by strong growth in non-interest income that offset softer lending margins in a high-interest-rate environment.
According to the bank's financial statement released on Tuesday, net interest income edged down 0.6% year on year to Rp 42.4 trillion, while non-interest income rose 11% to Rp 13.2 trillion.
BCA's outstanding loans reached Rp 1,036 trillion ($57.2 billion) as of the end of June, up 8% from a year earlier.
Productive lending continued to drive loan growth, with loans to the productive sectors rising 11% to Rp 802 trillion. Commercial loans increased 6.6% to Rp 288.5 trillion.
The bank's return on assets (ROA), a key measure of profitability, eased to 3.8% in the first half from 4.1% a year earlier.
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