BCA Posts Record Net Profit of $3.5 billion in 2024, Credit Growth and Asset Quality Improve

JAKARTA, investortrust.id — PT Bank Central Asia Tbk, Indonesia’s largest private lender, reported a 12.7% year-on-year increase in net profit to Rp 54.8 trillion, approximately $3.5 billion, for the full year of 2024. The strong performance was driven by robust growth in net interest income and non-interest income, as well as improved credit quality.

BCA President Director Jahja Setiaatmadja attributed the bank’s solid results to a 9.5% yoy increase in net interest income, which reached Rp 82.3 trillion by the end of December 2024. Non-interest income also rose by 10.2% yoy to Rp 25.2 trillion, reflecting the bank’s diversified revenue streams.

The bank’s total loan portfolio grew by 13.8% yoy to Rp 922 trillion, supported by strong demand across various sectors. Notably, BCA’s loan-at-risk (LAR) ratio improved significantly, declining to 5.3% in 2024 from 6.9% in 2023, indicating better asset quality and prudent risk management.

“BCA’s credit growth was accompanied by maintained financing quality. We are grateful for the trust of our customers and the support of the government and regulators, which enabled us to navigate 2024 solidly and deliver positive performance,” Jahja said during a virtual press conference held via Zoom on Thursday, January 23, 2025.

Jahja highlighted that BCA’s performance was achieved despite a challenging global geopolitical landscape and economic uncertainties. He noted that Indonesia’s domestic economy showed resilience, providing a conducive environment for the bank’s growth.

“We see that the domestic economy has been able to grow amidst various challenges and changes in the global geopolitical landscape. BCA remains committed to supporting the national economy, and this is reflected in our strategic initiatives, such as the BCA Expo, BCA UMKM Fest 2024, BCA Wealth Summit 2024, and Gebyar Hadiah BCA,” Jahja explained.