Coal Average Selling Price Increase

BBCA continued its solid performance in the first semester of 2024 despite liquidity challenges in the era of high interest rates by posting Net Profit of IDR 26.9T as of 1H24 (+11.1% YoY 1H23: IDR 24.2T & +8.7% QoQ; 1Q24: IDR 12.9T). The top line increase was supported by the increase in Net Interest Income (NII) which grew +7.9% YoY to IDR 39.9T as of 1H24, as well as quarterly (QoQ +1.9% & 1Q24: IDR 19.8T). Non-interest income showed growth of +12.1% YoY to IDR 12.4T in 1H24 (1H23: IDR 11.1T & QoQ -2.5%, 1Q24: IDR 6.3T). NIM saw a +10Bps YoY expansion to 5.7%, where on a quarterly basis NIM rose +20 Bps QoQ in line with BBCA’s rising LDR ratio. Despite the ongoing liquidity challenges, BBCA still managed to deliver impressive loan growth performance that still exceeded its FY24 guidance in 1H24 (Loan Growth: +15.5% YoY and +1.7% QoQ).

Asset Growth

BBCA continued its solid performance in the first semester of 2024 despite liquidity challenges in the era of high interest rates by posting Net Profit of IDR 26.9T as of 1H24 (+11.1% YoY 1H23: IDR 24.2T & +8.7% QoQ; 1Q24: IDR 12.9T).

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