In today’s briefing:
- Bank Central Asia (BBCA IJ) – Leading in Transactional Banking and Returns
Bank Central Asia (BBCA IJ) – Leading in Transactional Banking and Returns
- Bank Central Asia (BBCA IJ) released its 1Q2022 this week, reflecting an ongoing recovery and the bank’s strong positioning to take advantage, with new lending picking up strongly.
- The bank is seeing strong growth in CASA driven by its lead in transactional banking and digital initiatives, with its CASA ratio hitting 80% by the end of 2022.
- Credit costs are also forecast to fall further this year, which will provide an additional boost to profitability. It trades at a premium to peers but generates consistent returns.
Before it’s here, it’s on Smartkarma
