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 2021	IDR	USD
Revenue	87,621.68B	6,129.58M
Gross Profit	--	--
Operating income	38,921.01B	2,722.72M
Income before tax	38,841.17B	2,717.13M
Net income	31,422.66B	2,198.17M
EBITDA	--	--
Diluted EPS	254.89	0.01
Dividends Per Share	145	0.01
Total Assets	1,228.34T	86,184.50M
Total liabilities	1,025.49T	71,951.99M
Total equity	202,712.76B	14,222.96M
Operating cash flow	48,192.54B	3,371.31M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	68,436.67B	74,504.34B	84,962.35B	84,109.70B	87,621.68B
Gross Profit	--	--	--	--	--
Operating income	28,672.44B	32,512.50B	36,300.87B	33,570.28B	38,921.01B
Income before tax	29,158.74B	32,706.06B	36,288.99B	33,568.50B	38,841.17B
Net income	23,309.99B	25,855.15B	28,565.05B	27,131.10B	31,422.66B
EBITDA	--	--	--	--	--
Diluted EPS	189	209.73	231.71	220.08	254.89
Dividends Per Share	51	68	111	106	145
Total Assets	750,753.24B	824,787.94B	918,989.31B	1,075.57T	1,228.34T
Total liabilities	619,351.54B	673,034.51B	744,846.15B	890,855.54B	1,025.49T
Total equity	131,303.55B	151,659.68B	174,042.93B	184,596.32B	202,712.76B
Operating cash flow	19,307.18B	24,462.74B	35,339.73B	38,528.09B	48,192.54B

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	5,114.16M	5,233.22M	6,007.96M	5,784.03M	6,129.58M
Gross Profit	--	--	--	--	--
Operating income	2,142.64M	2,283.69M	2,566.95M	2,308.55M	2,722.72M
Income before tax	2,178.98M	2,297.29M	2,566.11M	2,308.43M	2,717.13M
Net income	1,741.91M	1,816.08M	2,019.92M	1,865.74M	2,198.17M
EBITDA	--	--	--	--	--
Diluted EPS	0.01	0.01	0.01	0.01	0.01
Dividends Per Share	0.00	0.00	0.00	0.00	0.01
Total Assets	55,334.67M	57,356.60M	66,197.68M	76,553.04M	86,184.50M
Total liabilities	45,649.64M	46,803.51M	53,653.60M	63,406.08M	71,951.99M
Total equity	9,677.80M	10,546.57M	12,536.85M	13,138.52M	14,222.96M
Operating cash flow	1,442.79M	1,718.27M	2,498.98M	2,649.49M	3,371.31M

Valuation Measures

Dec 2021
PER	28.63
ROA	2.72%
ROE	16.22%
Operating margin	44.41%
Profit margin	35.86%

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%)
PT Caturguwiratna Sumapala (0.9%)
BlackRock Fund Advisors (0.8%)
Fidelity Management & Research Co. LLC (0.7%)
SALIM ANTHONI (0.6%)
JPMorgan Asset Management (UK) Ltd. (0.6%)
APG Asset Management NV (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 30 Nov, 2022