Bank Central Asia
On February 21, 1957, PT Bank Central Asia Tbk, also known as Bank Central Asia (BCA), was established. It is regarded as Indonesia's biggest privately owned bank. The whole banking system in Indonesia was severely impacted by the 1997 Asian financial crisis. In particular, it had an impact on BCA's cash flow and perhaps put its existence in danger.
BCA was obliged to request aid from the Indonesian government and then be nationalized due to a bank rush. The bank was taken over by the Indonesian Bank Restructuring Agency in 1998. After that year, a complete recovery was achieved. Third-party funds had returned to their pre-crisis level by December 1998. In comparison to December 1997, when BCA's assets were Rp 53.36 trillion, they are now Rp 67.93 trillion. When the public's trust in BCA was fully recovered, IBRA released BCA to BI in 2001.
The market capitalization of Bank Central Asia as of April 2023 is $71.25 billion. By market cap, this places Bank Central Asia as the 202nd most valuable firm in the entire world. The company's current revenue (TTM) is $5.97 billion, according to Bank Central Asia's most recent financial filings. The company generated $5.53 billion in revenue in 2021, an increase from $5.16 billion in revenue in 2020.
Founded: 1955
Headquarters: BCA Tower, Central Jakarta, Jakarta, Indonesia
Website: www.bca.co.id
