Bank Central Asia facts for kids
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BCA Tower on the right
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| Public | |
| Traded as | IDX: BBCA |
| Industry | Banking |
| Founded | 1955 (as NV Perseroan Dagang Dan Industrie Semarang Knitting Factory) 21 February 1957 (as PT Bank Central Asia Tbk) |
| Founder | Liem Sioe Liong |
| Headquarters | BCA Tower, Central Jakarta, Jakarta, Indonesia |
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Key people
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President Commissioner: Djohan Emir Setijoso President Director: Jahja Setiaatmadja Deputy President Director: Suwignyo Budiman Deputy President Director: Armand Wahyudi Hartono SME Account Officer: Felix Limminata |
| Products | Consumer banking Corporate banking Credit cards Investment banking Mortgage loans Private banking |
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Operating income
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Rp 50.4 trillion (2022) |
| Rp 40.7 trillion (2022) | |
| Total assets | Rp 1314.7 trillion (2022) |
| Total equity | Rp 174.1 trillion (2019) |
| Owner | Liem Sioe Liong/Salim Group (1957 - 1998)
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Number of employees
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50,376 (2022) |
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PT Bank Central Asia Tbk, usually called BCA, is a very big bank in Indonesia. It was started on February 21, 1957. BCA is the largest private bank in Indonesia. It has a lot of money, over 1,000 trillion Indonesian Rupiah (that's about 68.5 billion US Dollars!) as of 2022. Its main office is in BCA Tower in Jakarta.
BCA was first started by the Salim Group. It grew a lot, especially in the 1980s and 90s. BCA worked with famous companies like PT Telkom and Citibank. The bank faced some big challenges during the 1997 Asian financial crisis and difficult times in 1998. It had a lot of debt, so the government helped it. Later, it was sold to another big company called Djarum.
Since then, BCA has become very successful. In 2000, it became a public company, meaning people could buy shares of it. In 2022, Forbes magazine even called Bank Central Asia the "Best Bank in Indonesia"!
History
How BCA Started
Bank Central Asia began in 1955. It was first called "NV Perseroan Dagang Dan Industrie Semarang Knitting Factory." A businessman named Sudono Salim started it. BCA officially opened its doors on February 21, 1957. Its first main office was in Jakarta.
In 1975, the bank's name was changed to PT Bank Central Asia (BCA). In 1977, BCA got a special license. This allowed it to handle money from other countries.
Growing Big
Around 1980, BCA started to open many more branches. This happened because new rules made it easier for banks to grow in Indonesia. BCA also improved its technology. It set up an online system for all its branches. The bank also launched new services, like the "Tahapan BCA" savings accounts.
In 1990, BCA started using Automated Teller Machines (ATMs). These machines let customers do banking tasks easily. By 1991, BCA had 50 ATMs in Jakarta. BCA kept adding more ATMs and new features. It worked with companies like PT Telkom and Citibank. This allowed BCA customers to pay their phone or credit card bills using BCA ATMs.
Facing Challenges
BCA faced a difficult time during the 1997 Asian financial crisis. Many people quickly took their money out of the bank. In 1998, BCA needed help from the government. The Indonesian Bank Restructuring Agency (IBRA) took over the bank to help it recover.
In 1999, BCA got new money from the government. This helped the bank become strong again. The government owned most of BCA's shares at this time.
Modern Banking
In 2000, BCA became a public company. This meant that people could buy parts of the bank (called shares). The government slowly sold its shares in BCA. By 2005, the government no longer owned any part of BCA.
BCA kept making its services better. It launched many electronic banking options. These included Debit BCA, Tunai BCA, KlikBCA (internet banking), m-BCA (mobile banking), and EDCBIZZ.
In 2007, BCA was one of the first banks to offer fixed-rate home loans. It also launched the Flazz Card, a special card for payments. BCA even started "Weekend Banking" to help customers on Saturdays and Sundays.
From 2010 to 2013, BCA started new types of businesses. These included Islamic banking, loans for motorcycles, general insurance, and stock market services.
Between 2014 and 2016, BCA developed MyBCA, a self-service digital banking spot. It also added ATMs that could recycle cash. BCA launched the Sakuku app, which is like an electronic wallet. The bank kept finding new ways for people to pay online. In 2018, BCA added a feature to send money to friends using QR codes on its m-BCA and Sakuku apps.
In 2019, BCA bought another bank called PT Bank Royal Indonesia. BCA plans to turn Bank Royal into a digital-only bank. This will add to BCA's already strong digital services.
