PT Bank Central Asia Tbk 1Q26 Results
23 April 2026
Agenda
Economic Highlights
Banking Industry Updates
1Q26 Performance Overview
Sustainable Finance and ESG
Share Data, Ratings & Awards
Economic Highlights
Economic Highlights | Banking Industry Updates | 1Q26 Performance Overview | Sustainable Finance & ESG | Share Data, Ratings & Awards |
Consumer spending has improved since 4Q25
2
1
Economic Highlights (1/2)
Business transaction shows strong growth
175
165
155
145
135
BCA Business Transaction Index
Index (May-24 = 100)
140.28*
May 25 - Apr 26
135
125
115
Index (May-24 = 100)
BCA Consumer Spending Index
113.12*
May 25 - Apr 26
125
115
105
95
Source: Big Data BCA
*) Until 17 Apr 26
105.06
May 24 - Apr 25
105
95
Source: Big Data BCA
*) per 17 Apr 26
**) due to US tariff announcement and Lebaran break
86.86
85 | 85 | May 24 - Apr 25** | ||||||||||||||||||||||
May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar Apr |
3
PMI eased, but still in expansive territory
56
50.1
Manufacturing PMI
53
50
47
44
53.8
60
45
30
15
0
-15
-30
Fuel subsidies to mitigate oil-price driven inflation
Inflation (%)⮞
⮜ Oil price*
(YoY)
3.5
4
Oil price growth and Inflation 43.7
Source: Bloomberg *) per 21 Apr 26
6
4.5
3
1.5
0
-1.5
Jan/24 Apr/24 Aug/24 Dec/24 Mar/25 Jul/25 Nov/25 Mar/26 Jan/24 Apr/24 Aug/24 Dec/24 Mar/25 Jul/25 Nov/25 Mar/26
Analyst Meeting 1Q26
Source: SnP global
PT Bank Central Asia Tbk 4
Net foreign outflow stabilized recently
6
Economic Highlights (2/2)
5
Govt spending accelerated to spur growth in 1Q26
900
IDR Tn Central government revenue & expenditure (% of target)
150
24' & 25' average
21.2%
17.8%
18.2%
815
22.1% | 18.4% | 17.1% | 19.6% | |||
620 | 612 | 17.2% | 620 | 575 | ||
516 |
75
600
300
0
IDR Tn
⮜ Net foreign flow from:
Stocks
Bonds
-78.0
-141.7
-19.5
-57.2
Q1-24 Q1-25 Q1-26
0
-75
-150
-225
SRBI Source: Bloomberg
8
Source: MoF
Revenue ExpenditureJan '25 Apr '25 Jul '25 Oct '25 Jan '26 Apr '26
7
Rupiah weakened; FX reserve declined but still ample
Rising yields due to Middle-East tension
160
150
Bn USD
⮜ FX reserves
FX Reserve and USD/IDR
USD/IDR ⮞
(inverted)
156.5
154.6
151.9
15,000
16,000
9 %
⮜ Yield of:
SBN 10Y ◼ SRBI 1Y
UST 10Y ◼ UST 1Y
7
SRBI gross issuance ⮞
150
120
6.59
90
148.2
5.77
83 60
140
5
17,000
17144*
(MtD)
4.28
30
3.70
130
Jan/24 Apr/24 Jul/24 Oct/24 Jan/25 Apr/25 Jul/25 Oct/25 Jan/26 Apr/26
18,000
3 -
Jan/24 Apr/24 Jul/24 Oct/24 Jan/25 Apr/25 Jul/25 Oct/25 Jan/26 Apr/26
Analyst Meeting 1Q26
Source: BI *) until 21 Apr 26
Source: Bloomberg, BI
PT Bank Central Asia Tbk 5
Banking Industry Updates
Economic Highlights | Banking Industry Updates | 1Q26 Performance Overview | Sustainable Finance & ESG | Share Data, Ratings & Awards |
2
Banking industry (1/2)
1
Saw stronger deposit trend over the past 3 quarters Loan growth continued to ease
YoY
18.0%
14.0%
12.0%
12.9%
13.7%
13.6%
CASA
13.0% YtD: -0.3%
Deposits
76.6% 78.1%
83.2%
87.6%
84.3% 83.7%
LDR
YoY: -2.9%
YtD: -0.6%
9.0% 8.4% | 3.8% | 4.9% 4.8% | 9.6% | 8.7% M2 | |
3.5% | |||||
3.3% | 4.3% | ||||
2021 | 2022 | 2023 | 2024 | 2025 | Feb-26 |
12.7%
YtD: +0.3%
YoY
11.1% 10.5% 9.9%
9.3% 9.0%
Loan
YtD: -0.4% 4.9%
YtD: -0.4%
Source: BI (SEKI)
2021 2022 2023 2024 2025 Feb-26
Source: BI (SEKI)
3
Private co, gov't and state enterprises led deposit growth
Individual investments: Shifting preference toward Gold
4
in Rp trillion
8,525 8,892
10,108
15%
10,136
Total Deposits
% YoY
43.8%
50.1% 48.2%
Public asset allocation (% of income)
47.6% 44.2%
41.3% Gold/Jewelry
8,216
7,538
12%
12%
39%
12%
39%
11%
43%
44%
15%
44%
40.2%
15.7%
SOE & Gov't
Private Co.
20.1%
21.8% 27.3%
29.4% 36.8%
37.9% Saving
37%
51%
49%
49%
46%
41%
41%
2.4%
Individuals
17.7% 13.3%
15.2% 12.1%
13.8% 12.5% 12.3% 13.9%
6.6% 7.2% 5.1% 4.8%
Property
Others Equity/
2021 2022 2023 2024 2025 Feb-26
3.2% 2.8% 4.2% 3.3% 1.6% 2.1% Mutual Funds
Source: BI (SEKI)
2021 2022 2023 2024 2025 Feb-26
Source: BI (Customer Expectation Survey)
Banking industry (2/2)
5 Loan yield declined faster than cost of funds
6 Banking sector saw NIM pressure
5
8.71% 8.53% 9.05% 8.94% 8.63%
8.06%
Loan Yield
YoY: -0.95%
YtD: -0.57%
4.80%
4.92%
4.72%
2.02%
1.70%
2.46% 2.85% 2.80% 2.42%
Deposits CoF
YoY: -0.42%
YtD: -0.38%
4.63%
4.56%
4.47%
Industry NIM
YoY: -0.01%
YtD: -0.09%
2021 2022 2023 2024 2025 Feb-26
2021 2022 2023 2024 2025 Feb-26
Source: OJK (SPI) Source: OJK (SPI)
7
Nominal NPL on the rise
8
Higher NPL & SML drove LAR increase
3.0%
173
2.4% 2.4% 2.1% 2.1% 2.2%
186
168 176
157 163
NPL Ratio NPL Abs.
YoY: +7.1%
YtD: +5.6%
19.5%
1,124
14.1%
903
10.9% 9.3% 8.8% 9.2%
776 726 753 791
LAR Ratio LAR Abs.
YoY: +3.4%
YtD: +5.0%
2021 | 2022 | 2023 | 2024 | 2025 | Feb-26 | 2021 | 2022 | 2023 | 2024 | 2025 | Feb-26 |
Source: OJK (SPI) | Source: OJK (SPI) |
1Q26 Performance Overview
Economic Highlights | Banking Industry Updates | 1Q26 Performance Overview | Sustainable Finance & ESG | Share Data, Ratings & Awards |
Consolidated (Rp tn)
Mar-25
Dec-25
Mar-26
Strong CASA growth of 11.2% YoY, loans rose 5.6%
Total Assets | 1,534 | 1,587 | 1,641 |
Secondary Reserves & Marketable Securities | 462 | 477 | 524 |
Loans | 941 | 993 | 994 |
Third Party Funds | 1,193 | 1,249 | 1,292 |
CASA | 979 | 1,045 | 1,089 |
Current Accounts | 383 | 434 | 452 |
Savings Accounts | 597 | 611 | 637 |
Time Deposits | 214 | 204 | 203 |
Equity | 246 | 281 | 259 |
▲ YoY | ▲ QoQ |
7.0% | 3.4% |
13.3% | 9.9% |
5.6% | 0.1% |
8.3% | 3.5% |
11.2% | 4.2% |
18.1% | 4.0% |
6.8% | 4.3% |
-5.1% | -0.2% |
5.2% | -7.9% |
Positive PPOP growth
Consolidated (Rp tn) | 1Q-25 | 1Q-26 | ▲ YoY | 4Q-25 | ▲ QoQ |
Operating Income | 26.9 | 27.8 | 3.3% | 28.5 | -2.3% |
Net Interest Income | 21.1 | 21.1 | 0.0% | 21.6 | -2.3% |
Non Interest Income | 5.8 | 6.6 | 14.2% | 6.9 | -3.1% |
Fees and Commissions | 4.8 | 5.5 | 14.2% | 5.7 | -3.6% |
Trading Income | 0.8 | 0.9 | 13.3% | 1.0 | -2.8% |
Others | 0.2 | 0.2 | 19.8% | 0.3 | -39.7% |
Gain (Loss) on Loan Sale | - | - | n.a | (0.1) | -100.0% |
Net Insurance Income* | 0.0 | 0.1 | n.a | 0.0 | 121.9% |
Operating Expenses | 8.5 | 8.5 | 0.1% | 10.4 | -17.9% |
Manpower | 4.9 | 4.7 | -3.0% | 4.3 | 9.9% |
General & Administrative | 3.6 | 3.8 | 4.4% | 6.1 | -37.7% |
PPOP (Pre-Provision Operating Profit) | 18.4 | 19.3 | 4.8% | 18.1 | 6.6% |
Provision incl. Loan Recoveries | 1.0 | 1.2 | 22.5% | 0.5 | 151.5% |
Provision | 1.0 | 1.2 | 22.5% | 0.8 | 45.0% |
Reversal on Loan Sale | - | - | - | (0.4) | -100.0% |
Net Profit | 14.1 | 14.7 | 3.8% | 14.1 | 3.8% |
*) IFRS 17 effective in Dec-25
Key Ratios
Bank Only | 1Q-25 | 4Q-25 | 1Q-26 |
Risk Adjusted NIM* | 5.3% | 5.2% | 4.8% |
NIM | 5.8% | 5.6% | 5.4% |
COC | 0.5% | 0.4% | 0.6% |
Cost to Income | 28.5% | 35.9% | 27.3% |
ROA | 4.3% | 3.6% | 4.1% |
ROE | 26.2% | 21.0% | 25.1% |
CAR | 26.6% | 29.8% | 27.0% |
CASA to Total Funding | 82.9% | 84.6% | 85.2% |
LDR | 76.1% | 76.8% | 74.1% |
NSFR | 156.3% | 158.8% | 159.9% |
LCR | 300.5% | 310.8% | 305.7% |
ECL to Total Loans | 3.6% | 3.1% | 3.1% |
NPL - gross | 2.0% | 1.7% | 1.8% |
NPL Coverage | 180.1% | 183.8% | 174.6% |
LAR | 6.0% | 4.8% | 5.1% |
LAR Coverage (incl. off B/S) | 66.5% | 71.6% | 69.7% |
*) Risk Adjusted NIM = NIM - COC |
▲ YoY | ▲ QoQ | |
-0.5% -0.4% 0.1% -1.2% -0.2% -1.1% 0.4% 2.3% -2.0% 3.6% 5.2% -0.5% -0.2% -5.5% -0.9% 3.2% | -0.4% | |
-0.2% | ||
0.2% | ||
-8.6% | ||
0.5% | ||
4.1% | ||
-2.8% | ||
0.6% | ||
-2.7% | ||
1.1% | ||
-5.1% | ||
0.0% | ||
0.1% | ||
-9.2% | ||
0.3% | ||
-1.9% |
2
Business segment driving loan growth
1
Loan Composition by Segment (Rp tn)
▲ YoY | ▲ QoQ |
9.1% | 0.5% |
5.7% | 0.6% |
5.4% | 0.2% |
-2.0% | -1.3% |
5.2% | 0.1% |
-19.7% | -4.8% |
6.8% | -0.8% |
20.2% | 0.3% |
5.6% | 0.1% |
7.0% | 1.1% |
6.3% | 3.4% |
47.1%
47.1%
46.3%
48.2%
48.7%
15.5%
13.3%
15.9%
13.3%
16.1%
13.8%
15.8%
13.3%
15.6%
13.3%
24.1%
23.7%
23.8%
22.7%
22.4%
Corporate | 443.4 | 481.4 | 483.8 |
Commercial | 137.4 | 144.3 | 145.2 |
SME | 124.5 | 130.9 | 131.1 |
Consumer | 225.9 | 224.2 | 221.4 |
- Mortgages | 135.3 | 142.3 | 142.4 |
- Vehicles | 67.1 | 56.6 | 53.9 |
- Personal Loans | 23.5 | 25.3 | 25.1 |
941.4 959.3 944.1 992.9 993.8
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
Loan by Segment (Rp tn)
Consolidated Mar-25 Dec-25 Mar-26
Loan by Top Sector (Rp tn)
3
213.7
21.5% 2.7% 0.2%
195.1 | 19.6% | 3.6% | 0.2% | ||||
160.2 | 16.1% | -3.0% | -1.2% | Sharia Financing | 11.0 | 13.2 | 13.2 |
Manuf. Trading Household
% Compo
% YoY
% QoQ
Biz. Services | 143.8 | 14.5% | 7.5% | -0.8% | ||
Transport. | 76.0 | 7.6% | 14.2% | -1.6% | ||
Construction | 44.2 | 4.4% | 7.8% | 1.1% | ||
Agriculture | 42.7 | 4.3% | 5.7% | -1.3% |
Total O/S Loans | 941.2 | 992.9 | 993.8 |
Total Facilities | 1,366.0 | 1,445.1 | 1,461.7 |
Average Loan | 925.6 | 943.0 | 984.4 |
2 Working Capital Loan Facilities and Utilization Rate
Corporate loans grew 9.1% YoY
1 Investment Loan Facilities and Utilization Rate
Utilization continue grow
Utilization rate at 65%
81% 80% 78% 80% 81%
Utilization Rate (%)
68% 69%
64%
68%
65%
Utilization Rate (%)
324
330
305
284
293
Facilities (Rp tn)
YoY: +16%
QoQ: +2%
314 315 315 328 330
Facilities (Rp tn)
YoY: +5%
QoQ: +1%
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
3
Corporate Loans by Use
Investment loans accelerated
4
4
4 Corporate loan sectors
(% contribution to total corporate loans)
Manuf.
(26%)
Biz. Services
(24%)
Transport.
(11%)
Trading
(9%)
Utilities
(8%)
Mining
(7%)
Construction
(7%)
Agriculture
(7%)
OS (Rp tn)
YoY: +9%
443
479
484
QoQ: 1%
45%
46%
48%
52%
55%
54%
Investment
YoY: +17%
QoQ: +3%
Mar-25 Dec-25 Mar-26
Working Capital
YoY: +1%
QoQ: -3%
2
SME loans rose 5.4% YoY
1
BCA vs Industry SME Loan Growth (YoY) BCA SME Loan Facilities and Utilization Rate
12.9%
11.1%
7.7%
5.7%
5.4%
5.2%
5.8%
3.8%
3.2%
BCA
63% 64% 64% 64% 63%
Utilization Rate (%)
-1.0%
Industry
ex micro*
4.6% | 4.7% | 4.7% | 4.6% | 4.9% |
NPL Industry SME
ex micro*
206
206
Loan Facilities (Rp tn)
YoY: +5%
QoQ: +0%
197
198
203
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
*) Industry Feb-26. Source OJK (SPI)
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
3
Customer base increased 46% over the last 4 years
Preserving asset quality for sustainable growth
BCA SME Loan by Region and YoY O/S Growth
Multipurpose Business Loan
Easy solutions for various business needs
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Jakarta Java Ex. Jakarta Ex. Java
38.5%
36.0%
25.5%
Loan by region 1Q-26
OS YoY
Growth
+5.3%
+6.3%
+3.9%
2
Mortgages new booking grew 10.2% YoY
1
BCA vs Industry Mortgages Growth (YoY) BCA Mortgages New Booking and Runoffs (Rp tn)
10.5%
8.8%
8.4%
7.6%
6.4% 5.0% 5.2% BCA
Industry Ex.
10.5
9.8
7.8
8.0
8.2
8.7
8.7 8.6
8.5
12.2
6.0%
2.9% | 3.1% | 3.3% | 3.1% | 3.3% |
4.8%
Subsidized*
NPL Industry **
New Booking Run Off
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
*) Source: Total OS mortgage of selected Top 12 Players (IMBA Data), excluding BTN's subsidized loans.
**) NPL Industry Feb-26. Source OJK (SPI)
1Q-25 2Q-25 3Q-25 4Q-25 1Q-26
3
webform.bca.co.id
BCA Mortgages by Region - Positive Growth
Jakarta Java Ex Jakarta Ex Java54.5%
31.4%
14.2%
OS Loan by region
1Q-26
YoY OS
Growth
+5.4%
+3.9%
+7.5%
2
Auto loans: prudent strategies in navigating industry dynamics
1
BCA vs Industry - Car Sales (in unit)
YoY Growth
-6.0%
BCA Auto Loan New Booking and Runoffs (Rp tn)
-9.0% -11.0% -14.0%
7.0%
1% Industry
-38.0%
-56.0%
-46.0% -45%
BCA
2.2% | 2.2% | 2.5% | 2.7% | 2.5% |
NPL Industry **
New BookingRun Off
12.0
10.5
10.3
10.2
10.4
8.6
9.2
6.1
5.8
6.3
1Q25 2Q25 3Q25 4Q25 1Q26
*) Industry: Car Sales Data (retail sales), Gaikindo
**) NPL Industry Feb-26. Source OJK (SPI)
1Q-25 2Q-25 3Q-25 4Q-25 1Q-26
Note: Numbers are adjusted due to BCAF & BCAMF merger
3
BCA Auto Loan New Booking by Region
Jakarta Java Ex. Jakarta Ex. Java36.7%
44.1%
19.2%
New booking by region 1Q-26
YoY Growth -36.0% -49.2% -60.7%
Consolidated LAR stood at 5.1%
1 Loan at Risk (LAR) (Rp tn)
2 LAR (Consolidated, Rp tn)
6.0%
5.8%
5.5%
Consolidated | Mar-25 | Dec-25 | Mar-26 | ∆YoY | ∆QoQ |
Current Restruct. | 16.9 | 12.4 | 12.1 | -28.3% | -2.0% |
Special Mention | 19.9 | 17.8 | 19.2 | -3.5% | 7.8% |
NPL | 18.7 | 16.5 | 17.8 | -4.7% | 8.2% |
Total LAR | 55.5 | 46.7 | 49.2 | -11.4% | 5.3% |
LAR Ratio | 6.1% | 4.8% | 5.1% | -1.0% | 0.2% |
LAR Coverage | 66.5% | 72.0% | 69.9% | 3.4% | -2.1% |
55.1
24.8%
13.3%
17.1%
43.5%
4.8% | 5.1% | LAR Ratio | |||||
54.0 | 51.1 | 46.7 | 49.2 | LAR O/S | |||
28.6% | 30.7% | 29.7% | 31.2% | Consumer | |||
15.2% | 15.6% | 14.2% | 15.5% | SME | |||
17.2% | 16.7% | 15.7% | 17.2% | Commercial | |||
37.8%
35.7%
38.9%
34.7%
Corporate
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
3 Special Mention (Consolidated, Rp tn)
4
NPL (Consolidated, Rp tn)
2.1% 2.2% 2.1% 1.8% 1.9%
19.9 21.1 19.8 17.8 19.2
SML Ratio
SML O/S
2.0% 2.1% 2.1% 1.7% 1.8%
18.7 20.3 19.3 16.5 17.8
NPL Ratio
NPL O/S
49.9%
20.2%
13.8%
16.1%
49.9%
24.0%
13.8%
12.2%
49.1%
23.2%
13.1%
14.6%
48.0%
23.0%
14.4%
14.6%
50.8%
23.4%
15.4%
10.4%
≤ 7 Days
8 - 30 Days
31 - 60 Days
> 60 Days
22.5%
15.6%
21.0%
40.0%
24.1%
16.8%
21.1%
37.0%
26.0%
18.3%
21.7%
33.0%
24.0%
17.4%
18.5%
38.9%
25.3%
18.2%
20.0%
35.1%
Consumer SME
Commercial
Corporate
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
2
Strong growth in CASA & investment
1 Third Party Fund Composition (Rp tn)
Savings Current Accounts Time Deposits16.3%
15.7%
32.1%
32.4%
33.5%
34.8%
35.0%
50.0%
50.1%
49.4%
48.9%
49.3%
1,193.4 | 1,189.8 | 1,204.7 | ||
17.9% | 17.5% | 17.1% |
1,249.0 1,292.4
3
Mar-25 Jun-25 Sep-25 Dec-25 Mar-26
84.3%
Third Party Funds (Rp tn)
3
Total Asset Under Management (AUM) (Rp tn)
139
199
268
313 319
AUM
Consolidated | Mar-25 | Dec-25 | Mar-26 | ▲ YoY | ▲ QoQ |
CASA | 979.2 | 1,045.2 | 1,089.1 | 11.2% | 4.2% |
Current Accounts | 382.6 | 434.5 | 452.0 | 18.1% | 4.0% |
Savings Accounts | 596.6 | 610.8 | 637.0 | 6.8% | 4.3% |
Time Deposits | 214.2 | 203.8 | 203.3 | -5.1% | -0.2% |
Third Party Funds | 1,193.4 | 1,249.0 | 1,292.4 | 8.3% | 3.5% |
Third Party Funds + AUM | 1,402.0 | 1,561.9 | 1,611.0 | 9.4% | 3.1% |
Average CASA | 940.7 | 980.5 | 1,063.5 | 13.1% | 8.5% |
Average CA | 373.0 | 396.0 | 447.9 | 20.1% | 13.1% |
Average SA | 567.7 | 584.5 | 615.6 | 8.4% | 5.3% |
(14% YoY)
Bonds
(11% YoY)
Mutual Funds
(56% YoY)
Transaction volume rose 61% in 3 years
Supplier
Principal
Large-sized Distributor
Mid-sized Distributor
Retailer
End customer
End-to-end Supply Chain
No. of Customers
34.5 mn
1 Online Business Banking
2 Merchant Point-of-Sales (POS)
& Merchant Apps
3 Two Leading
Mobile Banking Apps
Virtual Account BCA
Host-to-Host Payment Settlement
Next Gen Classic
API BCA Mobile Apps Mobile Apps
Powered by Integrated and Trusted
4 1,270 Branches
5 Cash Deposit &
Withdrawal Machines
6 24/7 Contact
Center
Channels
+18% in 3 yrs
Digital Transactions
contributed
99.8%
of total
transaction volume
26