BBCA - Records solid KPR financing distribution as of May25

BBCA - Records solid KPR financing distribution as of May25 Bank BCA Syariah has announced impressive growth in its consumer financing, reaching IDR1.7 tn as of May 2025, a significant 58.8% yoy increase. This surge is largely driven by mortgage financing (KPR), which hit IDR1.3 tn, growing 45.9% yoy. BCA Syariah Director Pranata stated the bank aims for overall financing to grow by 13%-15% yoy by the end of 2025, with consumer financing projected to contribute up to 20% of the total portfolio. To achieve these ambitious targets, BCA Syariah is intensifying its partnership and marketing strategies. They are strengthening collaborations with developers and property agents and actively promoting through branches, digital media, and below-the-line events, including the highly successful BCA Expo. KPR BCA Syariah offers flexible margin schemes, including tiered and fixed margins, allowing customers to choose what best fits their financial needs. (Source : Kontan) Comment : Bank BCA Syariah is on a strong growth path in consumer financing, driven by a clear strategy focused on partnerships, diverse marketing, and customer-centric product offerings, particularly in the mortgage segment. Their ambitious targets for 2025 demonstrate confidence in their ability to further expand this segment's contribution to their overall portfolio. By effectively executing their strategies and adapting to market dynamics, BCA Syariah appears well-positioned to achieve its consumer financing goals. Maintain BUY BBCA GGM-based TP of IDR 12,510 (5.0x 2025F P/B).