Company Report | [BBCA] Preparing a Solid Foundation for 2024

Coal Average Selling Price Increase

BBCA scored a stellar performance for FY23, posting a Net Profit of IDR 28.6 T, an increase of 19.4% YoY (FY22: IDR 40.7 T). The solid increase in Net Profit for FY23 was supported by a robust top-line increase, which was contributed by a significant increase in Net Interest Income (NII) due to the high-interest rate era, by 17.5% to IDR 75.4 T and Non-Interest Income showed a growth of 5.5% YoY to IDR 23.9 T. Besides the significant increase in NII, another factor that boosted BBCA’s Net Profit for FY23 was also the suppression of provisioning costs, which decreased by 50% YoY to IDR 2.3T (FY22: IDR 4.5T). One of the other surprises from BBCA was the sharp spike in BBCA’s loan growth in 4Q23, which occurred in the corporate segment.

Asset Growth

BBCA scored a stellar performance for FY23, posting a Net Profit of IDR 28.6 T, an increase of 19.4% YoY (FY22: IDR 40.7 T). The solid increase in Net Profit for FY23 was supported by a robust top-line increase, which was contributed by a significant increase in Net Interest Income (NII) due to the high-interest rate era, by 17.5% to IDR 75.4 T and Non-Interest Income showed a growth of 5.5% YoY to IDR 23.9 T.