BBCA still managed to book a solid performance amid the pandemic, marked by an increase in PPOP by 11.2% YoY. Net income in 2020 was down by 5% to IDR27.1 trillion, although it was still lower compared to other major banks. Credit quality and net interest margin which were well-maintained are good stepping blocks to face another challenging year in 2021. The company sets a conservative credit growth in the range of 4-6%.
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