PT Bank Central Asia (BCA) Tbk, Indonesia largest private bank, plans to issue US$200 million subordinated bonds for the next year. Vice President Director BCA Jahja Setiaadmadja says the corporate action antry in busines plan company for next year.
BCA booked an increase in its net profits of more than 20 percent during the first half of this year despite a significant drop in its interest income. BCA raise net profits reached IDR3.98 trillion during the six month period ending in June, a 20.5 percent increase from IDR3.3 trillion in the same period last year.
The bank managed to book the significant increase despite the fallin its net interest income, which showed a decline of 21.7 percent to IDR5.86 trillion from IDR7.48 trillion. BCA non-interest income rose 67.2 percent to IDR3.90 trillion from IDR2.33 trillion.
In the first six months of this year, BCAs total deposits grew 16.27 percent to IDR255 trillion from IDR219.4 trillion, while total lending rose 22.6 percent to IDR131.58 trillion from IDR107.31 trillion.
BCA's capital adequacy ratio (CAR) grew to 14.7 percent as of the end of June this year, while its gross non-performing loans (NPL) dropped to 0.8 percent from 1.8 percent in the same period last year.
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