PT Bank Central Asia Tbk (BCA) recorded a net profit in the third quarter of 2014, an increase of 17.7 trillion IDR12,2% when compared premises net profit in 2013 and in the same period amounted to IDR10,4 trillion. The increase in profits, according to BCA president director Jahja Setiaatmadja, in line with the total of net interest income and other operating income grew 22.9% year-on-year (yoy) to IDR30,1 trillion when compared with last year in the same period by IDR24,5 trillion.
"Net interest margin (NIM) at 6.5% in September 2014 rose 50 basis points (bps) from 6% in September 2013. The increase in NIM reflects yield higher earning assets which was partially supported by an increase in the portion of the loan portfolio and consumer financing to total earning assets, "he said in Jakarta on Thursday, October 30th, 2014.
According to him, the achievement of the Bank's performance during the third quarter-2014 is achieving positive results. Given these conditions, the Bank has managed to maintain a solid performance in the middle of the BCA political and economic transition period so that the Bank can still continue to provide banking services.
"In response to the challenges of the economic slowdown and political transition marked by the inauguration of the new government which took place peacefully, the bank remained focused on prudent risk management in order to achieve quality growth," added Jahja.