BBCA - Prints profit of 21.6tn in 5M24, 11.6% yoy

BBCA - Prints profit of 21.6tn in 5M24, 11.6% yoy Bank Central Asia (BCA) still managed to record a positive performance throughout the first five months of 2024. This bank appeared to record the best performance in the ranks of large-capitalization banks, aka big banks. Based on the monthly report as of May 2024, published on Saturday (29/6), this bank with the stock code BBCA earned a net profit of IDR21.63 tn on a bank-only basis, growing by 11.64% yoy. This profit achievement was driven by an increase in operating income. BBCA managed to record net interest income (NII) of IDR30.99 tn during January–May 2024, an increase of 6.86% yoy. BBCA's net interest income growth was driven by quite aggressive credit expansion. As of May 2024, it grow 15.91% yoy. Also read: Bank Rakyat Indonesia (BBRI) profits increase by 8.83% yoy as of May 2024. BCA's rapid credit growth cannot be separated from its still adequate liquidity conditions. This bank's Third Party Funds (DPK) as of May reached IDR1,094.3 tn, growing 5.1% yoy. Current account savings accounts (CASA), reached IDR895.31 tn, growing 5.40% yoy. As a result, the CASA ratio reached 81.82%, which tends to be stable from the same period the previous year of 81.61%. (Source : Kontan)