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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 2020 IDRUSD
Revenue84,109.70B5,784.03M
Gross Profit----
Operating income33,570.28B2,308.55M
Income before tax33,568.50B2,308.43M
Net income27,131.10B1,865.74M
EBITDA----
Diluted EPS220.080.01
Dividends Per Share1060.00
Total Assets1,075.57T76,553.04M
Total liabilities890,855.54B63,406.08M
Total equity184,596.32B13,138.52M
Operating cash flow38,528.09B2,649.49M
Currency in IDRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 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 2016Dec 2017Dec 2018Dec 2019Dec 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
PER30.76
ROA2.72%
ROE15.13%
Operating margin39.91%
Profit margin32.25%

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

Related Companies

  • PT Central Capital Ventura
  • KCP Puri Indah Market
  • PT Asuransi Umum BCA
  • PT Central Santosa Finance
  • PT BCA Sekuritas
  • PT Bank BCA Syariah
  • PT Transpacific General Insurance
  • PT Bank Royal Indonesia
  • PT Bank UIB
  • PT BCA Finance

Competitors

  • PT Bank Mandiri (Persero) Tbk
Last Updated on 3 Dec, 2021

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