BCA's Profit Machine Starts to Falter

Jakarta — PT Bank Central Asia Tbk (BBCA) recorded net profit of Rp9.23 trillion, growing 2.8% year-on-year (yoy) as of February 2026. Although the bank successfully maintained profit growth, this performance lagged behind balance sheet expansion.

Profit growth this year has slowed significantly. In February 2025, BBCA’s profit grew 8.43% yoy, driven by net interest income rising 5.97% yoy.

In the second month of this year, BBCA’s core business failed to strongly drive profit growth. Net interest income (NII) remained stagnant around Rp12.8 trillion.

This was caused by interest income rising only 0.79% yoy, whilst bank interest expenses increased 6.88% yoy.

Meanwhile, during the same period, credit and productive assets continued to record growth. Based on the company’s financial statements, BBCA’s assets rose 9.5% yoy to Rp1,563 trillion.

This asset growth was supported by credit disbursement of Rp953 trillion, up 5.8% yoy. However, in percentage terms, securities held grew significantly faster at 17.25% yoy to Rp444.85 trillion.

Credit growth this year has also decelerated considerably compared to the previous year. In February 2025, BBCA’s credit grew 13.98% yoy, whilst securities growth was smaller at 9.6% yoy.

Turning to liquidity, the bank’s customer funds (DPK) grew 9.8% yoy to Rp1,227 trillion. Current accounts recorded an increase of 22.27% yoy and savings 7.28% yoy, whilst expensive funds, deposits, fell 5.05% yoy.

Overall, the combination of slower credit growth, stagnant net interest income, and rising interest expenses signals that BBCA’s profitability expansion space is limited amid volatile interest rates and liquidity dynamics.

Nevertheless, BBCA’s profit for February 2026 was supported by impairment losses declining from Rp604.79 billion to Rp491.11 billion.

Additionally, BBCA also benefited from larger gains on financial asset sales of Rp450.66 billion. In February the previous year, this line item was recorded lower at Rp293.21 billion.