Who doesn’t know Bank Central Asia? Recently, BCA has released its monthly financial report that shows an attractive performance. In this $BBCA, they recorded a fairly impressive net profit, which was 4.7 trillion rupiah in January 2025. This is a growth of 5.8% YoY and 12% MoM.
Some people may wonder, “How does this result compare to the consensus estimate?” Well, the report shows that the profit turned out to be lower than the FY25F consolidated projection which estimated growth of 7.7% YoY. This is a concern for investors, right?
Deeper details on BCA’s performance
One of the driving factors for this net profit is the bank’s NIM (Net Interest Margin), which was recorded at 5.91% in January 2025. This figure shows an increase of 20 bps YoY but a decrease of 12 bps MoM. Maybe you’re wondering, how does it compare to management projections? Apparently, this is better than management’s FY25 consolidated guidance which ranges from 5.7%-5.8%.
Credit performance and CoC
On the credit side, BCA still showed solid growth with an increase of 15% YoY in January 2025, higher than the growth in January 2024 which was only 14.3% YoY and December 2024 which was recorded at 13.6% YoY. However, the CoC (Cost of Credit) increased to 0.76%, an increase compared to 0.29% in January 2024 and -0.61% in December 2024.
This is a big question for investors, why can BCA’s CoC increase? Management explained that this condition is more of a temporary effect due to a long vacation at the end of January 2025. Although their projections point to FY25 consolidation guidance at 0.3%, the impact of this situation certainly requires special attention for investors.
Conclusion
With the performance achieved by Bank Central Asia in January 2025, of course many investors continue to monitor further developments. Will BCA be able to meet consensus projections and break through existing targets? Let’s wait for the next information and report from BCA. For more details about their financial statements, you can also access the documents that have been provided here.
Remember, in the world of investing, information is key. Make sure you stay updated to make smart decisions!