JAKARTADAILY.ID – PT. Bank BCA Syariah (BCA Syariah) achieved an idAA+/Stable (Double A Plus; Stable Outlook) rating from Indonesian Securities Rating Agency (Pefindo). The rating for BCA Syariah is given for the period from August 24, 2022, to August 31, 2023.
The rating is given based on the Unaudited Financial Statements as of 30 June 2022 and the Audited Financial Statements of 31 December 2022.
“Obligors rated idAA have a very strong ability to meet long-term financial commitments. Meanwhile, the plus sign (+) indicates that the rating given is relatively strong above the average for the category in question," wrote Pefindo's analysis in a notification letter delivered on August 24, 2022.
"The company's ability to achieve sustainable growth is the result of implementing good corporate governance, optimal asset and liability management, and a commitment to continuously innovate products and services," said Pranata in a written statement, quoted Thursday, September 1, 2022.
It was recorded that in June 2022, BCA Syariah assets recorded an increase of 12.70 percent year on year (YoY) reaching Rp 10.97 trillion. The company's ability to maintain asset quality and maintain an optimal balance of assets and liabilities is reflected in the company's profit which continues to grow.
In June 2022, BCA Syariah posted a profit before tax growth of 31.6 percent to Rp 58.2 billion, and Profit After Tax grew by the same percentage to Rp 45.4 billion.
The increase in company assets was also supported by financing growth which reached Rp7.07 trillion, an increase of 19.62 percent YoY, and the acquisition of ThirdParty Funds which reached Rp7.90 trillion or an increase of 16.33 percent YoY. Meanwhile, the quality of financing was maintained at a low level with a gross Non-Performing Financing (NPF) of 1.38 percent.
"In the future, we will continue to improve transaction features through electronic banking channels in order to raise low-cost funds so as to further strengthen the company's liquidity. This is important to support the implementation of the intermediation function in a more optimal and competitive manner,” concluded Pranata.