{
    "success": true,
    "data": {
        "id": 1326568,
        "msgid": "bca-trims-profit-forecast-1447893297",
        "date": "2003-06-26 00:00:00",
        "title": "BCA trims profit forecast",
        "author": null,
        "source": "DJ",
        "tags": null,
        "topic": null,
        "summary": "BCA trims profit forecast Bank Central Asia said on Wednesday it has revised downward its net profit forecast this year to Rp 2.8 trillion (US$337.34 million) from Rp 3.4 trillion previously due to the recent fall of interest rates. \"The recent fall of interest rates will hurt our interest income this year,\" BCA managing director Jahja Setiaatmadja told reporters. The one-month benchmark Bank Indonesia SBI promissory notes fell to 9.53 percent Wednesday from 9.71 percent last week.",
        "content": "<p>BCA trims profit forecast<\/p>\n<p>Bank Central Asia said on Wednesday it has revised downward its<br>\nnet profit forecast this year to Rp 2.8 trillion (US$337.34<br>\nmillion) from Rp 3.4 trillion previously due to the recent fall<br>\nof interest rates.<\/p>\n<p>&quot;The recent fall of interest rates will hurt our interest<br>\nincome this year,&quot; BCA managing director Jahja Setiaatmadja told<br>\nreporters.<\/p>\n<p>The one-month benchmark Bank Indonesia SBI promissory notes<br>\nfell to 9.53 percent Wednesday from 9.71 percent last week. The<br>\nSBI rate has fallen from around 13 percent early this year.<\/p>\n<p>BCA, like most local lenders, continues to depend on<br>\ngovernment bonds to help earnings after the regional financial<br>\ncrisis.<\/p>\n<p>Jahja said his bank is looking at buying bonds issued by large<br>\nIndonesian companies to compensate for the expected fall in<br>\ninterest income due to falling interest rates.<\/p>\n<p>Many companies have recently issued bonds with attractive<br>\ncoupon rates.<\/p>\n<p>He said the bank will also cut its mortgage rate from 19<br>\npercent currently to around 15 percent to attract more customers.<\/p>\n<p>Last year, the bank&apos;s net profit fell 19 percent on year to Rp<br>\n2.54 trillion. -- Dow Jones<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bca-trims-profit-forecast-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}