JAKARTA (Yosefardi) – PT BCA Finance, consumer financing arm of PT Bank Central Asia (BCA) Tbk (BBCA), booked net profit of Rp475 billion in first half of 2014, 2013, grew by 6.9% from Rp444 billion in the corresponding period of 2013.
It generated cash income of Rp22.46 trillion, lower than previous Rp23.56 trillion. Consumers financing contributed income of Rp13.137 trillion, a 13% growth compared to Rp11.63 trillion in year earlier.
Its assets totaled Rp5.89 trillion while liability amounted Rp4.52 trillion.
The company earlier said tthe earning outlook this year might be affected by some issues such as the implementation of loan to value (LTV) policy, flood, and political agenda (the election).
BCA Finance estimates the maximum outstanding loan will reach Rp27 trillion this year, mostly funded by joint financing from holding company, BCA. BCA Finance plans to issue bond worth Rp1.8 trillion early this year.