Bank Central Asia

PT Bank Central Asia Tbk.

Type	Public company
Traded as	IDX: BBCA
Industry	Banking Financial Services
Founded	February 21, 1957 (February 21, 1957)
Founder	Liem Sioe Liong
Headquarters	Jakarta, Indonesia
Key people	Djohan Emir Setijoso(President Commission) Jahja Setiatmadja(President Director) Eugene Keith Gailbraith(Vice President Director)^[1]
Products	Consumer Banking Corporate Banking Credit cards Investment banking Mortgage loans Private Banking
Revenue	Rp 12,823.46 billion (Q3 2006)
Net income	Rp 3,121.47 billion (Q3 2006)
Owner	Djarum
Website	BCA; KlikBCA

Bank Central Asia (BCA) is an Indonesian bank founded on August 10, 1955.^[2] In 2016 BCA overtaken DBS Bank of Singapore as Southeast Asia's biggest lender by value, with a market capitalisation of US$24.5 billion (S$34.2 billion).^[3]

The Asian financial crisis in 1997 had a tremendous impact on Indonesia's entire banking system. In particular, it affected BCA's cash flow and even threatened its survival. Panic rush forced the bank to seek assistance from the Indonesian government. The Indonesian Bank Restructuring Agency took over control of the bank in 1998.Somehow full recovery was accomplished later in the same year. In December 1998, third-party funds were back at the pre-crisis level. BCA's assets stood at Rp 67.93 trillion, as opposed to Rp 53.36 trillion in December 1997. Public confidence in BCA was fully restored, and BCA was released by IBRA to BI in 2001

Key BCA: A vasco keypad as used by Bank Central Asia.

Subsequently, BCA took a major step by going public. The IPO took place in 2000, selling 22.55% of BCA's shares that were being divested by IBRA. After the IPO, the agency still controlled 70.3% of BCA's total shares. The second Public Offering took place in June and July 2001, with IBRA divesting an additional 10% of its interest in BCA.In 2002, IBRA divested 51% of its BCA shares through a strategic private placement tender. The Mauritius-based Farindo Investment won the tender. There is a BCA representative office in Singapore.^[4]

rear of a KeyBCA keypad issued by Vasco.

Logo BCA ^[5]

History

BCA was officially founded on February 21, 1957 with name Bank Central Asia NV. Many things have traversed since the bank was founded, but perhaps the most significant was the monetary crisis in 1997.

The crisis had a tremendous impact on the overall banking system in Indonesia It affected BCA's cash flow and even threatened the continuation. Many clients panicked and withdrew their cash. As a result, the bank forced ask for help from the Indonesian government. the Indonesian Bank Restructuring Agency (BPPN) then took over BCA in 1998.

Thanks to good business decision-making, BCA successfully recovered in the same year. In December 1998, its fund returned to the point before the crisis. BCA's assets reached Rp 67.93 trillion, whereas in December 1997 they were only Rp 53.36 trillion. Public confidence in BCA has fully recovered, and BPPN submitted BCA to Bank Indonesia in 2000.

References

External links

BCA Official site
KlikBCA Official site (in Indonesian)
CNN coverage on sale of BCA to Farindo Investments
BCA Logo Vector (in Indonesian)

Banks in Indonesia

Central bank: Bank Indonesia

Conventional banks
State-owned banks	Bank Mandiri Bank Negara Indonesia Bank Rakyat Indonesia Bank Tabungan Negara
National private foreign exchange banks	Bank Agroniaga Bank Anda Bank Artha Graha Internasional Bank Bukopin Bank Bumi Arta Bank Capital Indonesia Bank Central Asia Bank CIMB Niaga Bank Danamon Bank Ekonomi Raharja Bank Ganesha Bank Hana Bank Himpunan Saudara 1906 Bank ICB Bumiputera Bank ICBC Indonesia Bank Index Selindo Bank Maybank Indonesia Bank Maspion Bank Mayapada Bank Mega Bank Mestika Dharma Bank Metro Express Mutiara Bank Bank Nusantara Parahyangan Bank OCBC NISP Bank of India Indonesia Panin Bank Bank Permata Bank QNB Kesawan Bank SBI Indonesia Bank Sinarmas Bank UOB Indonesia
National private non-foreign exchange banks	Anglomas Internasional Bank Bank Andara Bank Artos Indonesia Bank Bisnis Internasional Centratama Nasional Bank Bank Dipo International Bank Fama Internasional Bank Harda Internasional Bank Ina Perdana Bank Jasa Jakarta Bank Kesejahteraan Ekonomi Bank Liman International Bank Mayora Bank Mitraniaga Bank Multi Arta Sentosa Bank Nationalnobu Prima Master Bank Bank Pundi Indonesia Bank Royal Indonesia Bank Sahabat Purba Danarta Bank Sinar Harapan Bali Bank Tabungan Pensiunan Nasional Bank Victoria Internasional Bank Yudha Bhakti
Regional banks	Bank Jambi Bank Kalsel Bank Kaltim Bank Sultra Bank BPD DIY Bank Nagari Bank DKI Bank Lampung Bank Kalteng Bank BPD Aceh Bank Sulsel Bank BJB Bank Kalbar Bank Maluku Bank Bengkulu Bank Jateng Bank Jatim Bank NTB Bank NTT Bank Sulteng Bank Sulut Bank BPD Bali Bank Papua Bank Riau Kepri Bank Sumsel Babel Bank Sumut
Joint-venture banks	Bank ANZ Indonesia Bank Commonwealth Bank Agris Bank BNP Paribas Indonesia Bank Capital Indonesia Bank Chinatrust Indonesia Bank DBS Indonesia Bank KEB Indonesia Bank Mizuho Indonesia Bank Rabobank International Indonesia Bank Resona Perdania Bank Sumitomo Mitsui Indonesia Bank Windu Kentjana International Bank Woori Indonesia
Foreign banks	Bank of America Bangkok Bank Bank of China Citibank Deutsche Bank HSBC JPMorgan Chase Royal Bank of Scotland Standard Chartered Bank of Tokyo-Mitsubishi UFJ

Sharia banks
State-owned banks	Bank BNI Syariah Bank Muamalat Bank Syariah Mandiri
National private foreign exchange banks	BCA Syariah Bank BJB Syariah Bank BRI Syariah Bank Mega Syariah Panin Bank Syariah Bank Syariah Bukopin Bank Victoria Syariah
Joint-venture banks	Bank Maybank Syariah Indonesia

Sharia business units of conventional banks
State-owned banks	Bank BTN Syariah
National private foreign exchange banks	Bank Danamon Syariah CIMB Niaga Syariah BII Syariah OCBC NISP Syariah Bank Permata Syariah
Regional banks	Bank BPD Aceh Syariah Bank BJB Syariah Bank DKI Syariah Bank Kalbar Syariah Bank Kalsel Syariah Bank NTB Syariah Bank Riau Kepri Syariah Bank Sumsel Babel Syariah Bank Sumut Syariah
Foreign banks	HSBC Amanah

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