COMPANY PROFILE -PT Bank Central Asia
Business Sector :Banking and Financial Services
Operating Geography :Indonesia, Asia
About PT Bank Central Asia :
PT Bank Central Asia, commonly known as Bank Central Asia (BCA) is a banking and financial services company based in Jakarta, Indonesia. The Bank also looks after the custodianship, trusteeship, and management of financial institution pension funds. It also offers leasing and consumer lending through its subsidiaries. The company began its operations on 21 February 1957. The business provides a full range of commercial banking services, with its main activity being the collection of public funds, the channelling of credits, and the generation of fee-based income for both retail and corporate clients. The BBCA offers the following products and services: Credit cards, electronic banking, banking transaction services, loan facilities, bank guarantees, export-import facilities, and foreign exchange facilities. Through its BCA by phone service, BBCA provides standard banking services such as account balance, interest rate, credit card, and foreign exchange rate, as well as Halo BCA, a 24-hour customer service that handles customers’ questions about the bank’s services, as well as complaints and suggestions.BCA integrated KeyBCA into its online banking services on August 27, 2021, to protect the safety of all clients when using BCA internet banking services like KlikBCA.
PT Bank Central Asia’s USP lies in it being Indonesia’s largest lender by market capitalization and second largest bank by assets. The mission statement of PT Bank Central Asiareads, “To be the bank of choice and a major pillar of the Indonesian economy”.
PT Bank Central Asia Revenue :
Rupiah 79.054trillion - FY ending 31st December 2020 (y-o-y growth 6.55%)
Rupiah 74.191trillion - FY ending 31st December 2019
Competitive Analysis of PT Bank Central Asia
The SWOT analysis for PT Bank Central Asia is presented below in a matrix followed by the detailed analysis report:
Strengths | Weaknesses |
1. Integrated multi-channel network for transaction banking
2. Diversified banking solutions through multiple subsidiaries
3. One of the leaders in credit card segment in Indonesia
4. Largest lender of Indonesia
| 1. Lack of international presence |
Opportunities | Threats |
1. Diversification into fintech sector
2. Continued growth in non-contactpayment solutions
3. Supporting government’s recovery programs to penetrate in rural area
4. Venture into wealth management, a segment with low penetration
| 1. Disruption caused by Covid-19 across financial system
2. Conservative consumption habits are diminishingdemand for credit
3. Protectionism across the globe will adversely impact treasury business
|
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Detailed SWOT Analysis of PT Bank Central Asia
Strength
1. Integrated multi-channel network for transaction banking:
Multi-channel banking is one of the core banking strengths of BCA which accounts for its leadership position. This ensures that customers can easily access banking from anywhere. The Covid-19 pandemic has given boost to the digital channels. The customers could continue with BCA as there were multiple options such as internet banking, mobile banking and cashless payment applications that could be accessed remotely. Another example of success due to multi-channel network capability is the massive volume, to the tune of 9.6 billion,online transactions in 2020, which were 50.8% more than 2019. These transactions formed 82.9% of the total transactions handled by the bank, which indicates that the online channels were the sole reason for survival of the bank. Even the branch network by BCA has small branches and non-permanent counters in them ensuring better service at minimal costs. Thesecapabilities will aid BCA in remaining the banker of choice.
The remaining section under "Strength" is available only in the 'Complete Report' on purchase.
Weakness
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Opportunity
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Threat
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The PESTLE analysis for PT Bank Central Asia is presented below in a table followed by the detailed analysis report:
Political | Economical |
1. US-China trade tensions had a spillover effect on Asia’s banks
2. Indonesian government’s stimulus ensured liquidity in banking
| 1. Heightened credit risk due to decline in economic activities
2. Bank of Indonesia’s monetary policy changes ensured recovery
3. Relaxations by financial services authority ensured resilience of economy
|
Social | Technological |
1. Shift towards digital bankingdue to forced stay at home
2. Trend of availing lifestyle activities through bank application
| 1. Visual analytics tools to be used for credit monitoring
2. Partnerships with e-commerce and fintech through APIs
|
Legal | Environmental |
1. SiMoDIS to increase the operational overheads of foreign exchange transactions | 1. Rising importance of sustainable finance in the banking sector |
PT Bank Central Asia SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
Detailed Pestle Analysis of PT Bank Central Asia
Political
This section is available only in the 'Complete Report' on purchase.
Economic
This section is available only in the 'Complete Report' on purchase.
Social
This section is available only in the 'Complete Report' on purchase.
Technological
2. Visual analytics tools to be used for credit monitoring:
In today’s rapidly changing environment it is a challenge to determine the right customers. financial institutions have monumental data which they are using toimprove credit risk management. Visual analytics involves interpretation of data through representations such as tables, information graphics, plots, and graphs. Effective visualization of data is useful in understanding patterns that cannot be seen directly through numerical calculations.This is because human expertise can be integrated in data visualization.Visual analytics can help businesses in determining any anomalous pattern in repayment activities in a particular industry. The technology can provide insights for expansion into businesses that were underserved by traditional banking. BCA has been using visual analytics tools for credit monitoring. The tools are valuable for the expansion of BCA.
The remaining section under "Technological" is available only in the 'Complete Report' on purchase.
Legal
This section is available only in the 'Complete Report' on purchase.
Environmental
This section is available only in the 'Complete Report' on purchase.
Major Competitors :
- Bank Banten
- Bank Danamon
- Bank Indonesia
- Bank Kaltimtara
- Bank Mandiri
- Bank Maspion
- Bank Maybank Indonesia
Major Brands :
- BCA Finance
- Bank BCA Syariah
- BCA Securities
- Asuransi Jiwa BCA
- AsuransiUmum BCA
- Bank Digital BCA
- BCA Finance Limited
- BCA Remittance Ltd.
PT Bank Central Asia SWOT and PESTLE Analysis PDF Report is a custom report and will be delivered to your email inbox within 2 business days from purchase.
TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
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PT Bank Central Asia Covid-19 Impact Analysis |
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PT Bank Central Asia BCG Analysis |
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PT Bank Central Asia Segmentation, Targeting and Positioning (STP) Analysis |
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PT Bank Central Asia Ansoff Matrix Analysis |
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Check Out Analysis of Other Relevant Companies
References used in PT Bank Central Asia SWOT & PESTLE Analysis Report
1. 2020 PT BANK CENTRAL ASIA TBK ANNUAL REPORT - https://www.bca.co.id/-/media/Feature/Report/File/S8/Laporan-Tahunan/20210226AR-2020-BCAInggris-Medium-Res.pdf#page=29
2. Bank Central Asia - https://www.indonesia-investments.com/business/indonesian-companies/bank-central-asia/item193
3. Large APAC banks upping fintech bets - https://www.spglobal.com/marketintelligence/en/news-insights/research/large-apac-banks-upping-fintech-bets
4. BCA and Blibli to Introduce Assisted Village Goes Digital - https://www.bca.co.id/en/tentang-bca/media-riset/pressroom/siaran-pers/2021/04/08/03/32/bca-dan-blibli-kolaborasi-hadirkan-desa-binaan-goes-digital
5. Infrastructure Investing forum 2022 - https://www.infrastructureinvestingforum.com/home
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PT Bank Central Asia SWOT and PESTLE analysis has been conducted by Mohit Harishchandra Deshmukh and reviewed by senior analysts from Barakaat Consulting.
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