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Indonesia's largest private bank reaps 1.2 bln USD of net profit in 2014

Xinhua, March 5, 2015 Adjust font size:

Indonesia's largest private bank in term of asset Bank Central Asia (BCA) registered 16.5 trillion rupiah (about 1.2 billion U.S. dollars) in net profit in its operation throughout last year, or 15.7 percent higher than 14.3 trillion rupiah (about 1.1 billion U.S. dollars) it recorded a year earlier, a BCA senior executive said here on Thursday. "The accomplishment was greatly supported by qualified loan portfolio, solid franchising of our financing, well-maintained operational efficiency and contribution of profit from our subsidiaries,"BCA President Director Jahja Setiaatmadja said.

BCA posted interest rate income of 32 trillion rupiah (about 2. 4 billion U.S. dollars) in 2014 that apparently grew 21.2 percent from it was in 2013, he said, adding that the bank also posted 13. 5 percent growth from its other operational income that reaches 9 trillion rupiah (about 693.3 million U.S. dollars) throughout last year.

According to Jahja, BCA channeled a total of 346.6 trillion rupiah (about 26.4 billion U.S. dollars) loans, a figure 11 percent higher than it was in 2013. Most of the loans were channeled to corporations and small-middle businesses, amounting to 120.5 trillion rupiah (about 9.2 billion U.S. dollars) and 134. 2 trillion rupiah (about 10.3 billion U.S. dollars) respectively.

He added that the bank had slowed down the channeling of consumer loan throughout last year, seen a moderate loan growth of 6.1 percent to 92.3 trillion rupiah (about 7.1 billion U.S. Dollars) in the loan sector.

BCA's asset was recorded at 547.5 trillion rupiah (about 42.2 billion U.S. dollars) in 2013, or 13.5 percent higher than it was in 2012. Endi