Indonesia’s Listed Companies in Focus: Financial Institution Bank Central Asia (BCA)
In July 2020, the five winners of the annual Investor Awards were revealed. Each year, business and investment magazine Investor analyzes the performances of all listed companies on the Indonesia Stock Exchange and presents awards to the top five.
The Investor Awards 2020, which is based on the listed companies’ performances in the second half of 2019 and first five months of 2020, were won by the following five companies: Bank Central Asia, Sarana Menara Nusantara, Industri Jamu Dan Farmasi Sido Muncul, Kapuas Prima Coal, and Batavia Prosperindo Trans. In fact, there were two listed companies that won the category ‘market capitalization above IDR 20 trillion’ (approx. USD $1.4 billion): Bank Central Asia and Sarana Menara Nusantara. In the remainder of this article we focus on BCA.
BCA is the biggest company that is listed on the Indonesia Stock Exchange (IDX) in terms of market capitalization. This financial institution, established in 1955, offers a wide range of financial solutions to individual and corporate customers. BCA is also among the best known (and most valuable) brands in Indonesia, supported by 22 million customers, 1,256 branches, and 18,000 automatic teller machines (ATMs) across the country.
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This article discusses BCA's financial and corporate structure, the impact of COVID-19 on BCA (and the banking sector), and BCA's recent acquisition of Rabobank Indonesia. It also discusses the preferences Indonesians have when deciding at which bank to open an account (such as the brand, distance to the bank branch, and the importance of ATMs).
Read the full article in the July 2020 edition of our monthly report. Order the report by sending an email to info@indonesia-investments.com or message to +62(0)8.788.410.6944 (incl. WhatsApp).
Price of the report:
- IDR 150,000
- USD $10.00
- EUR €10.00
View a list of all our monthly reports here.
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