"Net interest income grew by 16.1 percent to Rp4.5 trillion, fueled by credit portfolio growth," BCA President Director Jahja Setiaatmadja said at a press conference on the bank`s performance in the first quarter of 2012 here Thursday.
The overall credit portfolios in the year ended March 31, 2012 grew by 39.2 percent year-on-year to Rp209.2 trillion, he said.
According to BCA data, corporate credits grew by 43.4 percent to Rp74.8 trillion year-on-year, fueled by high demand from the financial, cigarette and tobacco, and vegetable and animal oil sectors.
Commercial and small and medium business credits also rose by 36.3 percent year-on-year to Rp81.1 trillion, he said.
"Consumer credits grew by 37.8 percent year-on-year to Rp53.3 trillion, with home loans growing by 56.7 percent to Rp30.6 trillion. Motor vehicle credits rose by 24.8 percent to Rp17.9 trillion," according to the data.
At the end of March 2012, the bank recorded non-performing loan (NPL) ratio at a low level of 0.6 percent, with the ratio of reserves to NPLs reaching 308.2 percent.
Meanwhile, the amount of third party funds in the first quarter of 2012 reached Rp335.2 trillion, a 21.5 percent increase compared to the same period last year.