Growth continues in 1Q21 thanks to recovering demand and export windfall due to strong commodity prices.
Stronger optimism as Omicron risks ebb. Consumption recovers on the back of higher mobility and seasonal momentum.
Inflation remained mild compared to global due to the relatively muted energy and food inflation, but may rise thru 2022.
Bank Indonesia is expected to start normalizing policy in the 2H22, in line with tighter global monetary policy. Strong trade surplus remains a buffer against capital outflow risk.
2021
1Q22
Real GDP
3.69%
4.9%*
CPI
1.87%
2.64%
BI 7-D Rate
3.50%
3.50%
USD/IDR
14,263
14,363
CA (% of GDP)
0.3%
0.5%*
Source: Bank Indonesia
*) Forecast
Inflation and BI Rates (%)
7%
BI 7-day (Reverse) Repo Rate
6.00
6%
5.75
5.50
5.25
5.00
5%
4.75
4.75
4.50
4.37
4.25
Inflation
4.00
3.83
4%
3.45
3.72
3.75
3.50
3.50
3.49
3.41
3.20
3.23
2.96
3%
2.64
2.79
2.48
2.68
1.96
2.18
2%
1.68
1.68
1.60
1%
1.32
1.33
Mar-22
Jun-16
Mar-17
Dec-17
Sep-18
Jun-19
Mar-20
Dec-20
Sep-21
Rupiah/USD
17,000
16,575
16,000
15,235
15,000
14,938
14,890
14,565
14,525
14,493
14,363
14,209
14,000
13,661
13,565
13,609
13,853
14,263
13,878
13,895
13,265
13,920
13,000
13,256
13,289
13,583
13,156
13,057
12,955
12,000
Jan-16
Aug-16
Mar-17
Nov-17
Jul-18
May-19
Jan-20
Oct-20
Jul-21
Apr-22
Source: Bloomberg
Analyst Meeting 1Q-22
PT Bank Central Asia Tbk 3
Banking sector: encouraging trends
Banking Sector Financial Summary (%)
Loans increased 5.8% YoY, as working capital loans recovered. Large sectors, trade and manufacturing, turned to positive growth.
Liquidity remained ample: Deposits rose 12.1% YoY, LDR at 78.0%.
Transaction activities grew strongly (BCA Consumer Txn Index +48% from pre-pandemic level, BCA Business Txn Index +34%).
NPL ratio stood at 3.1%. OJK restructuring relaxation policy is extended to Mar-23. Capital remained strong: CAR stood at 26.0%.
Banking sector saw a profit rebound due to lower cost of credit and low cost of funds.
(Rp trillion)
Jan-21
Dec-21
Jan-22
∆YoY
Total Assets
9,007
10,112
10,007
11.1%
Total Loans
5,397
5,769
5,709
5.8%
Third Party Funds
6,570
7,479
7,363
12.1%
CASA
3,781
4,576
4,474
18.3%
Current Accounts
1,660
2,144
2,069
24.7%
Savings Accounts
2,121
2,432
2,405
13.3%
Time Deposits
2,788
2,904
2,889
3.6%
Net Profit
12.5
140.2
16.9
34.9%
NIM
4.7%
4.6%
4.7%
0bp
LDR
82.4%
77.5%
78.0%
-440bp
NPL
3.2%
3.0%
3.1%
-10bp
CAR
24.5%
25.7%
26.0%
150bp
Source: OJK
Analyst Meeting 1Q-22
PT Bank Central Asia Tbk 4
Agenda
Macroeconomy & banking industry highlights
1Q22 performance overview
Sustainability finance and ESG
Corporate updates
Share data, ratings & awards
Analyst Meeting 1Q-22
PT Bank Central Asia Tbk 5
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PT Bank Central Asia Tbk published this content on 24 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2023 10:26:04 UTC.
PT Bank Central Asia Tbk (the Bank) is an Indonesia-based commercial bank. The Bankâs segments include Transaction Banking, Corporate Banking, Commercial & Small & Medium Enterprise (SME) Banking, Individual Banking, and Treasury and International Banking. The Bank offers various products and services, which include cash management services, credit cards, bancassurance products, mutual fund investment products, treasury investment products, credit facilities, standby letter of credit/bank guarantees, export import facilities, local letter of credit and foreign exchange facilities. It has operations in Sumatera, Java, Kalimantan, East Indonesia and Overseas operations. Its subsidiaries include PT BCA Finance, BCA Finance Limited, PT Bank BCA Syariah, PT BCA Sekuritas, PT Asuransi Umum BCA, PT BCA Multi Finance, PT Asuransi Jiwa BCA, PT Central Capital Ventura and PT Bank Digital BCA.
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