BCA Maintains 8-10% Credit Growth Target Amid High Interest Rate Era

PT Bank Central Asia Tbk (BCA) is maintaining its credit growth target of 8-10 per cent until the end of 2026, even though Bank Indonesia (BI) has raised its benchmark interest rate by 100 basis points since May. The company believes that financing demand from a number of business sectors remains strong enough to support credit expansion amidst high interest rates.

Finance Director Vera Eve Lim stated that the company is not changing the target set in the Bank’s Business Plan. As of the first half of 2026, credit growth is considered to be on track with projections. “We are maintaining the credit growth target in the range of 8-10 per cent throughout 2026,” Vera said during the first half 2026 performance presentation on Tuesday (28/7/2026).

President Director of BCA Hendra Lembong said the prospect of credit growth in the second half is supported by working capital and investment needs from various sectors. According to him, the infrastructure sector, including those related to technology, logistics, plantations, agriculture, and financial services, remains the main source of financing demand. “We see that credit usage is still increasing and the pipeline for the second semester also comes from these sectors,” said Hendra.

Amid the increase in the benchmark interest rate, BCA has also not fully passed on the increase to loan interest rates. The company stated that adjustments are made gradually and only to certain debtors according to their respective risk profiles and business conditions. As of the first half of 2026, the increase in BCA’s loan interest rates was recorded at around four basis points, even though the BI Rate has risen by 100 basis points.

Previously, Bank Indonesia maintained the BI Rate at 5.75 per cent during the Board of Governors’ Meeting on 21-22 July 2026. BI chose not to raise the interest rate further and instead strengthened its policy mix by increasing incentives for foreign investors to maintain rupiah exchange rate stability amidst global uncertainty. This policy continues the monetary tightening cycle that began in May 2026. After holding the BI Rate at 4.75 per cent from January to April, BI raised the rate by 50 basis points in May, then by 25 basis points each at the Weekly Board of Governors’ Meeting on 9 June and the June meeting, bringing it to 5.75 per cent.

In the first half of 2026, BCA recorded loan disbursements of Rp1,036 trillion, growing 8 per cent compared to the same period last year. This achievement marks the first time the company’s lending has surpassed the Rp1,000 trillion level.