Tuesday, August 29, 2006

BCA profit at US$224 million, US$2.3 billion cash

PT Bank Central Asia (BCA) Tbk reported net profit of US$224 million in the first half 2006, grew 16.35% from the same period last year.

According to its audited financial report to JSX today, BCA recorded total asset of Rp157.63 trillion (US$17.3 billion) as of June 30, 2006, reflecting a 6% growth from June 2005.
BCA booked net interest margin of Rp4.67 trillion or a strong 27.9% growth from first half 2005. BCA's net operating income grew by 20.1% in the period, mainly due to significant increase of almost 20% in human resources cost.
BCA sits on huge cash & near cash of Rp21.3 trillion (US$2.3 billion), increased 60.6% from June 2005.
Farindo Investment, a JV between Farallon & Djarum Group, is the controlling shareholder at BCA with 51% shares.

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