Coal Average Selling Price Increase

BBCA posted a solid performance growth by posting Net Profit of IDR 41.1T as of 9M24 (+12.8% YoY; 9M23: IDR 36.4T & +1.4% QoQ; 2Q24: IDR 14.0T). The increase in top line was supported by the increase in Net Interest Income (NII) which grew significantly by +9.5% YoY to IDR 61.1T as of 9M24 and quarterly growth of +4.9% QoQ (2Q24: IDR 20.2T). Non-interest income showed growth of +13.5% YoY to IDR 19T in 9M24 (9M23: IDR 16.7T & QoQ +6.9%, 2Q24: IDR 6.1T). The solid performance was supported by strong loan volume growth on a year-on-year basis (Loan Growth 9M24 YoY: 14.5%) as well as better yields from changes in BBCA’s earning asset composition. This also drove BBCA’s Net Interest Margin (NIM) performance to be more expansive as LDR increased due to relatively lower Cost of Fund (CoF).

Asset Growth

BBCA posted a solid performance growth by posting Net Profit of IDR 41.1T as of 9M24 (+12.8% YoY; 9M23: IDR 36.4T & +1.4% QoQ; 2Q24: IDR 14.0T). The increase in top line was supported by the increase in Net Interest Income (NII) which grew significantly by +9.5% YoY to IDR 61.1T as of 9M24 and quarterly growth of +4.9% QoQ (2Q24: IDR 20.2T).

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