BBCA - Profit grows 16.3% yoy in May25

BBCA - Profit grows 16.3% yoy in May25 Bank Central Asia (BBCA) recorded a net profit for the year (bank only) until May 2025 amounting to IDR25.16 tn, an increase of 16.31% yoy. Interest income reached IDR38.29 tn (6.72% yoy). Loan grew by 11.80% yoy. From the funding side, BBCA recorded total third-party funds (DPK) growing by 5.57% yoy to IDR1,155.21 tn. Specifically, low-cost funds (currentaccount saving account/CASA) amounted to IDR960.58 tn, an increase of 7.29% yoy. (Source : Investor Daily) Comment : Amid the continuing uncertainty, BBCA's financial performance up to May 2025 is exceptionally solid characterized by robust profit growth, healthy credit expansion, excellent asset quality, and a highly efficient, low-cost funding structure. The bank appears well-positioned to maintain earnings performance this year. Maintain BUY BBCA GGM-based TP of IDR 12,510 (5.0x 2025F P/B).