JAKARTA (Yosefardi) – PT BCA Finance, consumer financing arm of PT Bank Central Asia (BCA) Tbk (BBCA), booked net profit of Rp935 billion in 2013, grew by 18.3% from Rp790 billion in 2012, Kontan.co.id reported.
Its outstanding loan or financing also increased 11.7% to Rp26.7 trillion from previous Rp23.9 trillion.
However the company said the 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.