BCA close remittance unit in Malaysia

PT Bank Central Asia Tbk,  Indonesia's third largest financial services company by market value will close its unit in Malaysia BCA Remittance Sdn Bhd at the end of the month and transferred it to partners per May. The decision was made as the unit is considered to be less profitable. The bank will close 4 BCA Remittance outlets in Malaysia. 

The management calculated, BCA could return investment cost only if open 15 outlets in 8 years. Eight years, is too long for the company to wait for profits.
For the money changer business, the company will cooperate with local companies, however he refused to detail the matter. After the closing on April 30, BCA Remittance will open for the next 11 days until May 11 to provide customers information of their transfer transactions.