Bank Central Asia

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PT Bank Central Asia Tbk.
Traded asIDXBBCA
FoundedFebruary 21, 1957; 62 years ago (February 21, 1957)
FounderDaniel Jaya Harijadi
HeadquartersJakarta, Indonesia
ProductsConsumer Banking
Corporate Banking
Credit cards
Investment banking
Mortgage loans
Private Banking
RevenueIncrease Rp 264.29 trillion (2016)
Increase Rp 153.779 trillion (2016)
Increase Rp 120.6 trillion (2016)
Total assetsIncrease Rp 967.739 trillion (2016)
Total equityIncrease Rp 512.715 trillion (2016)
Number of employees
250,073 (2016)
WebsiteBCA; KlikBCA

PT Bank Central Asia Tbk, or commonly named as Bank Central Asia (Chinese: 中亞銀行) (abbreviated as BCA) is an Indonesian bank founded on February 21, 1957. In 2016, BCA overtook 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).[1]

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. 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.[2]

rear of a KeyBCA keypad issued by Vasco.


Trading Company and Industry Semarang Knitting Factory was the beginning of Bank Central Asia (BCA) in 1955. BCA started to operate since 21 February 1957 and had head office in Jakarta.

Around 1980, BCA expanded its branch network aggressively, in association with deregulation of the banking sector in Indonesia. BCA developed many products, services and information technology by applying online system for branch network and launched Tabungan Hari Depan (Tahapan) BCA. In 1990, BCA developed an alternative branch network through ATM (Automated Teller Machine). Around 1991, BCA placed 50units ATM in various places in Jakarta. The development of the ATM’s networks and features were done intensively. BCA collaborated with a well-known institution, such as PT Telkom for phone bill payment through ATM BCA. BCA also collaborated with CitiBank so that BCA’s customers, who held CityBank’s credit card, can pay their bill through ATM BCA.

In 2002, Farindo Investment (Mauritius) Limited took over 51% of BCA’s total shares through a strategic placement tender process. In 2004, BPPN divested 1,4% of BCA shares to domestic investors through limited offer and in 2005, the Government of Indonesia through PT Perusahaan Pengelolaan Aset (PPA) divested all of BCA’s remaining 5.02% shares.

In the 2000s BCA strengthened and expanded its products and services, especially electronic banking, by introducing Debit BCA, Tunai BCA, internet banking KlikBCA, mobile banking m-BCA, EDCBIZZ, and others. BCA established the Disaster Recovery Center facility in Singapore. BCA increased its competence in lending, including through expansion into car finance through its subsidiary, BCA Finance. In 2007, BCA became a pioneer in offering home mortgage products with fixed interest rates. BCA launched a prepaid card, Flazz Card, and began offering Weekend Banking services to continue to build excellence in transaction banking. BCA managed its lending and liquidity positions proactively during the global crisis, while still strengthening its core competencies as a transaction bank. In 2008 & 2009, BCA completed IT system mirroring to strengthen business continuity and minimize operational risk. BCA opened Solitaire services for high-net-worth individual customers.

Percentage of share ownership[edit]

Company Name Percentage of Share Ownership
PT BCA Finance PT Bank Central Asia 99.576% ; BCA Finance Limited 0.424%
BCA Finance Limited PT Bank Central Asia 100%
PT Bank BCA Syariah PT Bank Central Asia 99.9999% ; PT BCA Finance 0.0001%
PT BCA Sekuritas PT Bank Central Asia 75% ; PT Poly Kapitalindo 15% ; Chandra Adisusanto 10%
PT Asuransi Umum BCA (BCA Insurance) PT Bank Central Asia Tbk 75% ; PT BCA Finance 25%
PT Central Santosa Finance PT Bank Central Asia Tbk 45% ; PT BCA Finance 25% ; PT Multikem Suplindo 30%
PT Asuransi Jiwa BCA (BCA Life) PT BCA Sekuritas 99.99996% ; PT Asuransi Umum BCA 0.00004%

Board of Commissioners and Directors[edit]

Boards of Commissioners
1 President Commissioner Djohan Emir Setijoso
2 Commissioner Tonny Kusnadi
3 Commissioner Cyrillus Harinowo*
4 Commissioner Raden Pardede*
5 Commissioner Sumantri Slamet*
Boards of Directors
1 President Director Jahja Setiaatmadja
2 Vice President Director Eugene Keith Galbraith
3 Vice President Director Armand Wahyudi Hartono
4 Director Suwignyo Budiman
5 Director Subur Tan
6 Director Henry Koenaifi
7 Director Erwan Yuris Ang
8 Director Rudy Susanto
9 Director Inawaty Handoyo
10 Director Lianawaty Suwono
11 Director Santoso
12 Director Vera Eve Lim

* independent commissioner


  1. ^ "DBS is no longer SE Asia's largest bank". Channel News Asia. February 12, 2016. Retrieved June 9, 2017.
  2. ^

External links[edit]