JAKARTA (The Jakarta Post/ANN): Bank Central Asia (BCA), Indonesia’s largest privately owned bank, has seen its net profit dip for the first time in at least 16 years as the Covid-19 pandemic affected loan demand and credit repayments.
The publicly-listed lender’s net profit dipped 5 per cent year-on-year (yoy) to Rp 27.1 trillion (US$1.94 billion) in 2020 amid higher provisioning and weak credit growth.
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