Bank Central Asia

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PT Bank Central Asia Tbk.
Public company
Traded as IDXBBCA
Industry Banking
Financial Services
Founded February 21, 1957; 59 years ago (February 21, 1957)
Founder Sudono Salim
Headquarters Jakarta, Indonesia
Key people
Aditya Triwijaya(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 Increase Rp 12,823.46 billion (Q3 2006)[citation needed]
Increase Rp 3,121.47 billion (Q3 2006)[citation needed]
Owner Djarum
Website BCA; KlikBCA

Bank Central Asia (BCA); (simplified Chinese: 中亚银行; traditional Chinese: 中亞銀行; pinyin: Zhōng Yà Yínháng), is an Indonesian bank founded on August 10, 1955.[2]

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.

rear of a KeyBCA keypad issued by Vasco.

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.[3]

Logo BCA [4]

History[edit]

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.

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