Bank Central Asia

Ranking first on the list of largest Indonesian companies by market capitalization is PT Bank Central Asia Tbk, often referred to as Bank Central Asia (BCA), a financial institution that was established in Indonesia on February 21, 1957. It is often regarded as Indonesia's most important privately owned financial institution. The Asian financial crisis that occurred in 1997 had a significant influence on Indonesia's banking system. In particular, it had an effect on BCA's financial flow and could have faced a threat to the company's continued existence.

Panic in the bank drove BCA to seek help from the Indonesian government, which ultimately led to the bank being nationalized. In 1998, the Indonesian Bank Restructuring Agency took control of the bank and reorganized its operations. Later on in the same year, it was able to make a complete recovery.

It has over a thousand branches spread out around the country, offering consumer and business banking services respectively. Commercial banking as well as other forms of financial service are offered by PT Bank Central Asia Tbk. It conducts business using the following departments and divisions: Loans, Treasury, and Others. The company provides a variety of financial services, including investment products, deposit accounts, transaction banking, electronic banking, cash management, bank assurance, credit facilities, bank guarantees, export-import facilities, and foreign exchange facilities.

Founded: 1957
Headquarters: Jakarta, Indonesia
Website: https://www.bca.co.id/