BCA Syariah Sees 3.47% YoY Growth in First Semester of 2021

In the first semester of 2021, Indonesia-based BCA Syariah saw a financing growth of 3.47% year-on-year (YoY) or IDR 5.9 trillion compared to IDR 5.7 trillion, in the same period of the previous year.

Why it Matters?

According to Pranata, Director of BCA Syariah, BCA Syariah is still challenged by the economic slowdown and low demand for financing for business expansion amidst COVID-19. When compared to the average growth of BCA Syariah in the past years, financing growth remains below average.

Details

BCA Syariah also saw a total financing restructuring of IDR 1.2 trillion in the first semester of 2021, with 79% of the financing structure or IDR 949.5 billion provided to customers directly affected by COVID-19. I...