The sharp decline in Indonesia's Covid cases bodes well for its economic recovery as mobility improves.
Vaccination continues to increase, where in certain regions such as Jakarta and Bali have reached close to 100%, ready for re-opening.
Commodity prices are trending up - particularly coal and CPO - driven by global shortage, that props up Indonesia's trade surplus.
Despite benign inflation, risks in financial markets related to the Fed tapering and fears of global stagflation, continue constraining BI to cut rate further.
Q3-20
Q3-21
Real GDP
-3.49%
7.07%*
CPI
1.42%**
1.60%**
BI 7-D Rate
4.00%
3.50%
USD/IDR
14,675
14,375
CA (% of GDP)
0.39%
-0.77%*
Source: Bank Indonesia
*) Q2-21 number **) Sep YoY
Analyst Meeting 9M-21
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Inflation and BI Rates (%)
7%
BI 7-day (Reverse) Repo Rate
6%
5.75
6.00
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
3.41
3.49
3.23
3.20
2.96
3%
2.79
2.48
2.68
1.96
1.87
2%
1.68
1.68 1.60
1%
1.32
1.33
Jun-16
Feb-17
Oct-17
Jun-18
Feb-19
Oct-19
Jun-20
Feb-21
Dec-21
Source: Bank Indonesia
Rupiah/USD
17,000
16,575
16,000
15,235
15,000
14,938
14,890
14,565
14,525
14,493
14,209
14,000
13,964
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
13,057
12,955
13,156
12,000
Jan-16Aug-16Feb-17
Oct-17May-18Feb-19Oct-19Jul-20Mar-21
Dec-21
Source: Bloomberg
PT Bank Central Asia Tbk
3
Banking sector: recovery on track
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Loan outstanding grew positive 2.2% YoY or 3.1% YtD, supported by working capital and consumer lending.
Government continues stimulus to boost demand in mortgage and automotive.
Deposits rose 7.5% YtD from CA that increased 11.7% YoY or 17.5% YtD.
Liquidity remained ample. LDR stood at 79.1%.
Manageable NPL ratio of 3.2%, due to OJK relaxation policy.
CAR stayed solid at 25.2%.
Banking Sector Financial Summary
(Rp trillion)
Sep-20
Dec-20
Sep-21
∆YoY
∆YtD
Total Assets
9,062
9,178
9,735
7.4%
6.1%
Total Loans
5,531
5,482
5,653
2.2%
3.1%
Third Party Funds
6,651
6,665
7,162
7.7%
7.5%
CASA
3,826
3,861
4,277
11.8%
10.8%
Current Accounts
1,775
1,687
1,982
11.7%
17.5%
Savings Accounts
2,051
2,174
2,295
11.9%
5.6%
Time Deposits
2,825
2,805
2,885
2.1%
2.9%
Net Profit
85.1
104.7
104.6
22.9%
n.a
NIM
4.4%
4.4%
4.6%
20bp
20bp
LDR
83.5%
82.5%
79.1%
-440bp
-340bp
NPL
3.1%
3.2%
3.2%
10bp
0bp
CAR
23.5%
23.9%
25.2%
170bp
130bp
Source: OJK
Analyst Meeting 9M-21
PT Bank Central Asia Tbk
4
Agenda
Macroeconomy & banking industry highlights
BCA 9M21 performance overview
Sustainability finance and ESG
Corporate updates
Share data, ratings & awards
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Analyst Meeting 9M-21
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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