PT Bank Central Asia Tbk

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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 2020	IDR	USD
Revenue	84,109.70B	5,784.03M
Gross Profit	--	--
Operating income	33,570.28B	2,308.55M
Income before tax	33,568.50B	2,308.43M
Net income	27,131.10B	1,865.74M
EBITDA	--	--
Diluted EPS	220.08	0.01
Dividends Per Share	106	0.00
Total Assets	1,075.57T	76,553.04M
Total liabilities	890,855.54B	63,406.08M
Total equity	184,596.32B	13,138.52M
Operating cash flow	38,528.09B	2,649.49M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020
Revenue	64,124.74B	68,436.67B	74,504.34B	84,962.35B	84,109.70B
Gross Profit	--	--	--	--	--
Operating income	25,855.72B	28,672.44B	32,512.50B	36,300.87B	33,570.28B
Income before tax	25,839.20B	29,158.74B	32,706.06B	36,288.99B	33,568.50B
Net income	20,605.73B	23,309.99B	25,855.15B	28,565.05B	27,131.10B
EBITDA	--	--	--	--	--
Diluted EPS	167.20	189	209.73	231.71	220.08
Dividends Per Share	40	51	68	111	106
Total Assets	676,738.75B	750,753.24B	824,787.94B	918,989.31B	1,075.57T
Total liabilities	564,023.69B	619,351.54B	673,034.51B	744,846.15B	890,855.54B
Total equity	112,433.07B	131,303.55B	151,659.68B	174,042.93B	184,596.32B
Operating cash flow	23,519.37B	19,307.18B	24,462.74B	35,339.73B	38,528.09B

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020
Revenue	4,821.26M	5,114.16M	5,233.22M	6,007.96M	5,784.03M
Gross Profit	--	--	--	--	--
Operating income	1,943.98M	2,142.64M	2,283.69M	2,566.95M	2,308.55M
Income before tax	1,942.73M	2,178.98M	2,297.29M	2,566.11M	2,308.43M
Net income	1,549.25M	1,741.91M	1,816.08M	2,019.92M	1,865.74M
EBITDA	--	--	--	--	--
Diluted EPS	0.01	0.01	0.01	0.01	0.01
Dividends Per Share	0.00	0.00	0.00	0.00	0.00
Total Assets	50,231.11M	55,334.67M	57,356.60M	66,197.68M	76,553.04M
Total liabilities	41,864.81M	45,649.64M	46,803.51M	53,653.60M	63,406.08M
Total equity	8,345.37M	9,677.80M	10,546.57M	12,536.85M	13,138.52M
Operating cash flow	1,768.32M	1,442.79M	1,718.27M	2,498.98M	2,649.49M

Valuation Measures

Dec 2020
PER	30.76
ROA	2.72%
ROE	15.13%
Operating margin	39.91%
Profit margin	32.25%

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. (1.2%)
GIC Pte Ltd. (Investment Management) (0.9%)
BlackRock Fund Advisors (0.8%)
Invesco Advisers, Inc. (0.8%)
JPMorgan Asset Management (UK) Ltd. (0.8%)
Fidelity Management & Research Co. LLC (0.7%)
SALIM ANTHONI (0.6%)
First Sentier Investors (Hong Kong) Ltd. (0.5%)
Government of Saudi Arabia (0.5%)

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

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Competitors

PT Bank Mandiri (Persero) Tbk

Last Updated on 3 Dec, 2021