BCA Syariah Receives idAA+ Rating from Pefindo, Strengthens It’s Position as a Sharia Bank with Solid Finance

- 01 September 2022 13:42 WIB
BCA Syariah building. (Photo/BCA Syariah)
BCA Syariah building. (Photo/BCA Syariah)

 

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.

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Director of BCA Syariah Pranata said the rating strengthens BCA Syariah's position as a sharia bank that is supported by solid finance and is able to grow sustainably.

"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.

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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.

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Editor: Suksmajati Kumara

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