BCA Reach Net profit of Rp 10.8 Trillion

net profit PT Bank Central Asia Tbk grew 27.6 percent from Rp 8.5 trillion in 2010 to Rp 10.8 trillion in 2011. Profit growth was driven by higher business activity both in the field of credit and payment settlement services.

"BCA managed to record a satisfactory performance in 2011. Climate Indonesia's economy is stable and conducive environment in 2011 has provided a solid foundation in support of sustained positive performance," said President Director of BCA, Jahya Setiaatmadja, in Jakarta, Thursday (29 / 3/2012).

John said, the good performance of BCA over the past year one of which is driven by credit. The growth of credit, among others, encouraged by low interest rates and high credit demand. Last year, BCA's loan portfolio reached USD 202.3 billion. Rose by 31.4 percent from 2010.

Private bank credit growth is higher than the average of the banking sector, which is 24.1 percent. On credit, consumer loans grew the most with 37.6 percent (year on year) to Rp 50.3 trillion. The growth was underpinned by higher credit mortgages (mortgage) with 53.5 percent, and motor vehicle credit (CLA) with 30.3 percent.

With the rise of credit loan to deposit ratio of the third party rose to 61.7 percent in 2011. While the ratio of problem loans remained low, at 0.5 percent. "Application of the principle of prudence in lending is key to the BCA to record strong growth while maintaining the ratio of nonperforming loans at low levels," added John.

Looking ahead, John said, BCA will use the momentum of increasing purchasing power. With a network and a comprehensive delivery channels, banks will seek to provide ease and convenience for customers in the deal.