07 August 2023

BCA Syariah's Net Profit Grows by 62.9% in Mid-2023

Jakarta, August 7, 2023 - PT Bank BCA Syariah (BCA Syariah) achieved positive results in the middle of 2023. BCA Syariah's profit recorded a growth of 62.9%. Solid growth was demonstrated in all financial performance indicators, including assets, financing, and Third-Party Funds (DPK).

BCA Syariah's Director, Pranta, stated, 'BCA Syariah strives optimally to capitalize on the economic growth momentum by increasing financing disbursement and acquiring Third-Party Funds. This was conveyed during the presentation of the first-half 2023 performance under the theme 'Solid Performance and Sustainable Growth' at the BCA Syariah Headquarters in Jakarta (7/8/2023).

As of June 2023, BCA Syariah's assets grew by 21.9%, reaching Rp13.4 trillion compared to the same period the previous year, which was recorded at Rp12.7 trillion. The growth of BCA Syariah's assets was supported by a financing disbursement increase of 11.4%, reaching Rp7.9 trillion, and the acquisition of Third-Party Funds (DPK) that grew by 26.0%, reaching Rp10.0 trillion. The company recorded a pre-tax profit of Rp94.8 billion and a post-tax/net profit of Rp73.9 billion, showing a growth rate of 62.9%.

President Director of BCA Syariah, Yuli Melati Suryaningrum, added, 'We appreciate the government's efforts to maintain economic stability and continue to contribute to economic growth through sustainable financing. The growth of cheap funds is one of our efforts to improve profitability through optimal financing disbursement and fund raising.'

In terms of composition, BCA Syariah's financing disbursement is mostly contributed by the commercial segment, which grew by 13.3% in June 2023, reaching Rp5.7 trillion. The composition of commercial financing includes 72.7% of the total financing, with the largest disbursement in the processing, agriculture, and wholesale trade sectors. Meanwhile, financing for Micro, Small, and Medium Enterprises (UMKM) contributed 20.0%, or Rp1.5 trillion, and consumer financing reached Rp579 billion with a composition of 7.3% of the total financing.

In the disbursement of financing in the Sustainable Business Activities (KUB) sector, BCA Syariah recorded a growth of 5.4% YoY, reaching Rp2.5 trillion. The composition of BCA Syariah's sustainable financing reached 31.4% of the total financing. 'BCA Syariah is committed to supporting financing disbursement as part of our commitment to the implementation of sustainable finance. Currently, financing has been disbursed to 7 KUB sectors, including eco-efficient products, energy efficiency, biological natural resources, and environmentally friendly transportation. In the future, we strive to continue improving the KUB financing portfolio and expanding into uncovered sectors.'

With the improvement of economic conditions and increased consumer consumption, BCA Syariah's consumer financing experienced significant growth in June 2023, reaching 98.3% compared to the same period the previous year. This growth was supported by an increase in disbursement for KPR iB, Emas iB, and multi-services. The quality of BCA Syariah's financing remains well-maintained, reflected in the Non-Performing Financing (NPF) which is low at 1.42%.

As a commitment to improving digital-based services and expanding access to savings products, in June 2023, BCA Syariah launched a new feature, which is online account opening through BCA Syariah Mobile. The development of this service is a response to the community's desire to be able to open an account anytime and anywhere. 'Alhamdulillah, this new feature has received a very positive response from the community. Until early August, the online account opening of BCA Syariah has reached 11,700 new customers. The growth of cheap funds and the modernization of digital infrastructure will be our main strategies to achieve double-digit growth targets by the end of 2023,' said Yuli.

 

For more information, please contact:

 

PT BANK BCA SYARIAH

Business & Communication Unit

Address: Jl. Jatinegara Timur No. 72, East Jakarta 13310

Phone: (021) 850-5030

Fax: (021) 850-9959

Email: bcas_humas@bcasyariah.co.id

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