PT Bank Central Asia Tbk (BBCA) Q4 2023 earnings summary

Executive summary

• FY2023 net profit rose to Rp48,658,095 million from Rp40,755,572 million; consolidated assets and loans were higher at year-end than in 2022.

• Consolidated CAR strengthened to 29.40% from 26.84%, while gross NPL was 1.86% and net NPL 0.58%.

Financial highlights

• Consolidated total assets were Rp1,408,107,010 million at Dec. 31, 2023, versus Rp1,314,731,674 million a year earlier.

• Consolidated loans and financing reached Rp801,238,110 million, compared with Rp703,562,178 million at Dec. 31, 2022.

• Consolidated net profit for FY2023 was Rp48,658,095 million, versus Rp40,755,572 million in FY2022.

Key financial ratios and metrics

• Consolidated CAR was 29.40% in 2023 versus 26.84% in 2022; CET1 was 28.31% versus 25.85%.

• Gross NPL was 1.86% versus 1.71%, and net NPL was 0.58% versus 0.59%.

• ROE was 23.49% versus 21.70%; NIM was 5.54% versus 5.34%.

• BOPO was 43.76% versus 46.54%; CIR was 33.77% versus 33.92%; LDR was 70.20% versus 65.23%.