PT Bank Central Asia Tbk (BCA) announced at its Annual General Meeting of Shareholders on March 12, 2026, that it will distribute interim dividends three times in 2026 — on a quarterly basis — marking the first time in the bank’s history that it has adopted a multi-tranche interim dividend structure within a single fiscal year. The announcement follows BCA’s distribution of total final dividends of Rp 41.3 trillion for the 2025 financial year, at a Dividend Payout Ratio (DPR) of 72% — up from approximately 67.4% in 2024. The policy shift signals a deliberate effort by BCA’s management to improve cash flow visibility for shareholders, particularly retail investors, while building on a strong underlying earnings base that positions the bank as Indonesia’s most profitable large lender in 2025.
Key Facts & Background
- BCA recorded full-year 2025 net profit of Rp 57.5 trillion, growing 4.9% year-on-year, supported by a 5.4% increase in total operating income, a 4.1% rise in net interest income (NII), and a 16% jump in non-interest income.
- Total third-party funds (DPK) grew 10.2% YoY to Rp 1,249 trillion, while the current account and savings account (CASA) ratio — the bank’s primary low-cost funding base — rose 13.1% YoY to Rp 1,045 trillion.
- Total loans reached Rp 993 trillion as of December 2025, growing 7.7% YoY on an end-period basis and 10.8% on an average annual basis, with business credit up 9.9% YoY to Rp 756.5 trillion and consumer financing — including Rp 142.3 trillion in mortgages — stable at Rp 224.1 trillion.
- Asset quality remained sound, with the non-performing loan (NPL) ratio controlled at 1.7%, NPL coverage at 183.8%, and the Loan at Risk (LAR) ratio improving to 4.8% from 5.3% in 2024.
- The cost-to-income ratio (CIR) improved from 31.47% in 2024 to 30.74% in 2025, reflecting BCA’s continued operational efficiency gains.
- The first interim dividend tranche carries an ex-dividend date of March 30, 2026, with payment scheduled for April 8, 2026, at Rp 281 per share.
- BCA’s five-year dividend growth rate stands at 22.49% per annum, with a current forward dividend yield of approximately 5.88% based on the share price as of mid-March 2026.
- As of end-2025, BCA serves 43 million customer accounts and processes more than 115 million daily transactions, supported by 1,270 branch offices and over 20,000 ATMs nationwide.
- Among Indonesia’s four largest banks by core capital (KBMI 4), BCA ranked first in net profit at Rp 57.5 trillion, edging out BRI (Rp 57.13 trillion, down 5.26% YoY), Bank Mandiri (Rp 56.3 trillion), and BNI (Rp 20.04 trillion).
Note: Multi-source AI data analytics, acknowledging the possibility of inaccuracies.
Insights
BCA’s move to pay dividends every quarter in 2026 is a meaningful shift, not just a scheduling tweak. It tells the market that Indonesia’s most profitable private bank is prioritizing regular cash returns to shareholders — at a time when falling deposit rates make dividend-paying stocks more attractive relative to savings products. The higher payout ratio of 72%, up from 67.4% the year before, reinforces that message.
That said, paying out 72% of earnings leaves less money inside the bank to fund future loan growth — and loan demand is expected to pick up in 2026. BCA can afford this for now, given its strong capital buffers, low bad-loan ratio of 1.7%, and a cheap, stable deposit base. But there is not much room to raise the payout further without stretching its capital position.
For ordinary retail investors, the practical benefit is straightforward: instead of waiting once or twice a year for a dividend, they now receive cash four times a year. For more sophisticated investors, the more important question is whether BCA’s profit growth — which slowed to 4.9% in 2025 from 14.6% in 2024 — has entered a more mature phase where the bank grows more slowly but returns more cash. That is not necessarily a bad thing, but it does change the investment case from a high-growth story to an income and quality story, which carries different valuation expectations going forward.