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Finance

PT Bank Central Asia Tbk

Company Background

Bank Central Asia is an Indonesia's largest private bank that was founded in 1955. BCA has strong ties across many different Indonesian business sectors. It focuses on corporate banking but has recently branched out into the consumer sector. It bought a motorcycle financing company in 2013 and has launched mobile banking services.

The bank has undergone dramatic changes in ownership in the past two decades. BCA was initially controlled by Salim Group, led by ethnic-Chinese tycoon Sudono Salim, also known as Liem Sioe Liong, but it was bailed out by the government amid a run during the Asian financial crisis. By 1999, the state owned more than 90% of the bank's shares.

After a restructuring of its bad loans, the majority of BCA's shares were bought by an investment vehicle led by another ethnic-Chinese tycoon, Robert Budi Hartono. The subsequent rise in BCA's market value has helped Hartono become the richest man in Indonesia, according to Forbes magazine. Liem Sioe Liong's son Anthoni Salim also owns a small stake. BCA President Jahja Setiaatmadja previously worked for Indomobil, a Salim Group affiliate.

Business Summary

PT Bank Central Asia Tbk provides commercial banking and other financial services. It operates through the following segments: Loans, Treasury, and Others. The firm offers deposits account, transaction banking, electronic banking, cash management, credit cards, bank assurance, credit facilities, bank guarantees, export-import facilities, foreign exchange facilities, and investment products. The company was founded on August 10, 1955 and is headquartered in Jakarta, Indonesia.

Financial Highlights

Dec 2022 IDRUSD
Revenue97,232.71B6,546.67M
Gross Profit----
Operating income50,482.66B3,398.99M
Income before tax50,467.03B3,397.94M
Net income40,735.72B2,742.73M
EBITDA----
Diluted EPS330.440.02
Dividends Per Share----
Total Assets1,314.73T84,453.61M
Total liabilities1,093.55T70,245.70M
Total equity221,018.60B14,197.43M
Operating cash flow51,120.09B3,441.91M
Currency in IDRCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 74,504.34B 84,962.35B 84,109.70B 87,621.68B 97,232.71B
Gross Profit -- -- -- -- --
Operating income 32,512.50B 36,300.87B 33,570.28B 38,921.01B 50,482.66B
Income before tax 32,706.06B 36,288.99B 33,568.50B 38,841.17B 50,467.03B
Net income 25,855.15B 28,565.05B 27,131.10B 31,422.66B 40,735.72B
EBITDA -- -- -- -- --
Diluted EPS 209.73 231.71 220.08 254.89 330.44
Dividends Per Share 68 111 106 145 --
Total Assets 824,787.94B 918,989.31B 1,075.57T 1,228.34T 1,314.73T
Total liabilities 673,034.51B 744,846.15B 890,855.54B 1,025.49T 1,093.55T
Total equity 151,659.68B 174,042.93B 184,596.32B 202,712.76B 221,018.60B
Operating cash flow 24,462.74B 35,339.73B 38,528.09B 48,192.54B 51,120.09B
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 5,233.22M 6,007.96M 5,784.03M 6,129.58M 6,546.67M
Gross Profit -- -- -- -- --
Operating income 2,283.69M 2,566.95M 2,308.55M 2,722.72M 3,398.99M
Income before tax 2,297.29M 2,566.11M 2,308.43M 2,717.13M 3,397.94M
Net income 1,816.08M 2,019.92M 1,865.74M 2,198.17M 2,742.73M
EBITDA -- -- -- -- --
Diluted EPS 0.01 0.01 0.01 0.01 0.02
Dividends Per Share 0.00 0.00 0.00 0.01 --
Total Assets 57,356.60M 66,197.68M 76,553.04M 86,184.50M 84,453.61M
Total liabilities 46,803.51M 53,653.60M 63,406.08M 71,951.99M 70,245.70M
Total equity 10,546.57M 12,536.85M 13,138.52M 14,222.96M 14,197.43M
Operating cash flow 1,718.27M 2,498.98M 2,649.49M 3,371.31M 3,441.91M

Valuation Measures

Dec 2022
PER25.87
ROA3.20%
ROE19.22%
Operating margin51.91%
Profit margin41.89%

Key executives

  • President Director: Jahja Setiaatmadja
  • Head-Operation Strategy & Development Division: Lilik Winarni
  • EVP-Strategic Information Technology Group: Nur Hermawan Thendean
  • Group Head-Data Management & IT Management Office: Kho Vincentius Khosasih
  • Group Head-IT Infrastructure & Operation: Jip Thomas Sutanto

Shareholders

  • PT Dwimuria Investama Andalan (54.9%)
  • The Vanguard Group, Inc. (1.4%)
  • GIC Pte Ltd. (Investment Management) (1.2%)
  • PT Tricipta Mandhala Gumilang (1.0%)
  • BlackRock Fund Advisors (0.9%)
  • PT Caturguwiratna Sumapala (0.9%)
  • Fidelity Management & Research Co. LLC (0.9%)
  • GQG Partners LLC (0.8%)
  • SALIM ANTHONI (0.6%)
  • JPMorgan Asset Management (UK) Ltd. (0.6%)

Contact Details

  • Website:http://www.bca.co.id
  • Address: Menara BCA, Grand Indonesia, Jalan M. H. Thamrin No. 1, Jakarta, 10310, Indonesia
  • Phone: +62.21.2358.8000

Related Companies

  • PT Asuransi Jiwa BCA
  • PT Central Capital Ventura
  • KCP Puri Indah Market
  • BCA Finance Ltd.
  • PT Asuransi Umum BCA
  • PT BCA Multi Finance
  • PT BCA Sekuritas
  • PT Bank BCA Syariah
  • PT Transpacific General Insurance
  • PT Bank Digital BCA
  • PT Bank UIB
  • PT BCA Finance

Competitors

  • PT Bank Mandiri (Persero) Tbk
Last Updated on 2 Feb, 2023

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