PT Bank Central Asia Tbk (BBCA) Q4 2024 earnings summary

Executive summary

• Net profit after tax increased 12.7% year-over-year to Rp 54.8 trillion, driven by robust operating performance.

• Loans grew 13.8% year-over-year to Rp 911.1 trillion, with strong expansion across corporate, SME, and consumer segments.

• Total assets reached Rp 1,449 trillion as of December 31, 2024.

• CASA ratio reached 81.5%, supporting stable funding and liquidity.

• Earnings per share increased to Rp 445 from Rp 395 year-over-year.

Financial highlights

• Operating income rose 9.7% year-over-year to Rp 107.4 trillion; net interest income up 9.8% to Rp 82.52 trillion.

• Non-interest income increased 10.2% year-over-year, with trading income up 62.3%.

• Operating expenses grew 2.2% year-over-year, with cost-to-income ratio improving to 31.5%.

• Total equity climbed to Rp 262.64 trillion from Rp 242.36 trillion year-over-year.

• Dividend payout for 2024 was Rp 34.21 trillion, higher than Rp 26.20 trillion in 2023.

Outlook and guidance

• GDP growth forecast at 5.0% for 2024 and 4.9% for 2025, with consumption rebounding and investment slowing.

• BI policy rate cut in January 2025 aims to stimulate growth; ID bond yields expected to rise.

• Management expects continued loan growth and stable asset quality, supported by robust capital and liquidity.

• Focus remains on digital transformation and expanding SME and consumer lending.