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Bank Central Asia  

“Market Cap $23.87 B As of May 2014

At a Glance

  • Industry: Regional Banks
  • Founded: 1955
  • Country: Indonesia
  • CEO: Jahja Setiaatmadja
  • Website: www.klikbca.com/
  • Employees: 21,281
  • Sales: $4 B
  • Headquarters: Jakarta

Forbes Lists

#661 Global 2000

  • #480 in Profit
  • #585 in Assets
  • #468 in Market value

Asia’s Fab 50 Companies

Profile

PT Bank Central Asia Tbk is engaged in the provision of general banking and other financial services. It operates through the following geographical segments: Sumatera, Java, Kalimantan, East Indonesia, and Overseas Operations. The firms banking products and services include deposits account, transaction banking, electronic banking, cash management, credit cards, bancassurance, credit facilities, bank guarantees, export-import facilities, foreign exchange facilities, and investment products. The company was founded on August 10, 1955 and is headquartered in Jakarta, Indonesia.

“Bank Central Asia History

BCA officially founded on 21 February 1957 with name Bank Central Asia NV. Lots of things has traversed since the bank was founded, and perhaps the most significant is the monetary crisis that occurred in 1997.

The crisis brings a tremendous impact at overall banking system in Indonesia. However, specifically, this condition affects cash flow in BCA and even had threatened the continuation. Many client panic and then abuzz withdrawn their cash. As a result, the bank forced ask for help from Indonesian Government. And then Indonesian Bank Restructuring Agency (BPPN) then take over BCA in 1998.

Thanks to wise business and decision-making, BCA successfully recovered in the same year. In December 1998, fund from was returned to the point before crisis. BCA’s asset reached Rp 67.93 trillion, whereas in December 1997 only Rp 53.36 trillion. Public confidence to BCA have fully recovered, and BCA submitted by BPPN to Bank Indonesia in 2000.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “globalbusinessguide