Closing the year, BBCA scored a pretty impressive performance amidst the tight liquidity situation & “Higher for longer” era. The company still scored a solid performance growth with Net Profit increasing +12.7% YoY to IDR 54.8 T per FY 24 (FY23: IDR 48.6 T & – 3.1% QoQ, 4Q24: IDR 13.8 T; 3Q24: IDR 14.2 T). The increase in top line was supported by the increase in Net Interest Income (NII), which grew +9.5% YoY to IDR 82.3 T as of FY24 (FY23: IDR 97.9 T & +1.4% QoQ, 4Q24: IDR 21.4T; 3Q24: IDR 21.1T). Non-interest income continued to show growth of +10.2% YoY to IDR 25.2 T in FY24 (FY23: IDR 22.8 T & -6.2% QoQ, 4Q24: IDR 6.2T; 3Q24: IDR 6.6T). This performance was also supported by loan growth that still scored double digits, increasing +13.8% YoY to IDR 922 T as of FY25 (FY23: IDR 810T & +5.1% QoQ 9M24: IDR 877T). Furthermore, The Net Interest Margin (NIM) level is also in line with management’s guidance, where BBCA’s NIM for FY24 is at 5.7-5.8%.
Download full report HERE.
