In today’s briefing:
- Bank Central Asia (BBCA IJ) – Embracing Its Digital Reach
Bank Central Asia (BBCA IJ) – Embracing Its Digital Reach
- Bank Central Asia came through with a strong finish to the year as it took the brakes off lending, with the advantage of the highest CASA amongst Indonesian banks.
- Loan growth was focused on corporate borrowers, commercial & SMEs, and consumers, with mortgages and autos seeing strong growth in 4Q2022, whilst loans-at-risk continues to decline, boosting profitability.
- Bank Central Asia is highly capitalised but continues to invest in growth without sacrificing underwriting standards and continues to embrace its digital reach with growing numbers of customers.
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