In a recent virtual press conference held on Monday, April 22, 2024, Jahja Setiaatmadja, the President Director of PT Bank Central Asia Tbk (BCA), unveiled the bank’s robust financial performance for the first quarter of 2024. BCA reported a remarkable net profit of Rp 12.9 trillion, marking an impressive 11.7% increase compared to the same period last year.
Setiaatmadja attributed this significant profit surge to the enhancement of loan quality, which aligns with the gradual normalization of the restructured credit portfolio towards regular repayments. Notably, BCA’s loan at risk (LAR) ratio stood at 6.6% in Q1 2024, indicating a notable improvement from the previous year’s figure of 9.8%.
“Maintaining a healthy loan quality is paramount for us. Our non-performing loan (NPL) ratio remains stable at 1.9%, reflecting our prudent risk management approach. Additionally, our NPL and LAR provisioning ratios stand at solid levels of 220.3% and 71.9%, respectively,” Setiaatmadja emphasized.
