PT Bank Central Asia

PT Bank Central Asia Tbk is an Indonesia-based company primarily engaged in banking sector.

And are Indonesia’s largest lender by market value and the second largest bank by assets. With the bank experiencing a remarkable recovery from the Asian Financial Crisis in the late 1990s when the Indonesian banking system almost went bankrupt.

In terms of market capitalization, BCA is one of the largest companies in Indonesia. It provides both commercial and personal banking services through its 1000-plus branches across the country.

BCA is partly controlled by the Djarum Group, one of Indonesia’s largest conglomerates, with its businesses ranging from cigarette manufacturing to property development and management.

It operates its bank under the name Bank BCA or BCA. Besides conventional banking, it also offers Sharia-compliant banking services through its subsidiary, PT Bank BCA Syariah.

Its other subsidiaries include PT BCA Finance, which is engaged in financing business; PT BCA Sekuritas, which provides securities underwriting and brokering services; PT Asuransi Umum BCA, which provides general insurance, and BCA Finance Ltd, which is engaged in money lending business.

Year on year Bank Central Asia Tbk PT grew revenues 11.80% from 52.86tn to 59.09tn while net income improved 9.30% from 16.49tn to 18.02tn, with an net profit margin of 36.5%, and operating margin of 45.83% and return on equity of 20.62% according to Reuters.