Bank Central Asia

Bank Central Asia

Infobox_Company
company_name = Bank Central Asia, Tbk.
company_type = Financial Services/Public idx|BBCA
foundation = Sudono Salim (1955)
location = flagicon|Indonesia Jakarta, Indonesia
key_people = flagicon|Indonesia Djohan Emir Setijoso, CEO
shareholders = UOB Kay Hian
revenue = profit Rp 12,823.46 billion (Q3 2006)Fact|date=June 2008
net_income = profit Rp 3,121.47 billion (Q3 2006)Fact|date=June 2008
homepage = [http://www.bca.co.id]

Bank Central Asia (BCA) is an Indonesian bank founded on August 10 1955.

The Asian monetary crisis in 1997 had a tremendous impact on Indonesia’s entire banking system. In particular, it affected BCA’s cash flow and even threatened its survival. Panic rush forced the bank to seek assistance from the Indonesian government. The Indonesian Banking Restructuring Agency (IBRA) took over control of the bank in 1998.

Thanks to its management’s business sagacity and shrewd decision making, full recovery was accomplished later in the same year. In December 1998, third-party funds were back at the pre-crisis level. BCA’s assets stood at Rp 67.93 trillion, as opposed to Rp 53.36 trillion in December 1997. Public confidence in BCA was fully restored, and BCA was released by IBRA to BI in 2000. Subsequently, BCA took a major step by going public. The IPO took place in 2000, selling 22.55% of BCA’s shares that were being divested by IBRA. After the IPO, the agency still controlled 70.3% of BCA’s total shares. The second Public Offering took place in June and July of 2001, with IBRA divesting an additional 10% of its interest in BCA.

In 2002, IBRA divested 51% of its BCA shares through a strategic private placement tender. The Mauritius-based Farindo Investment won the tender.

References

External links

* [http://www.klikbca.com/default.html?langID=2 Official site]
* [http://www.youtube.com/watch?v=BYvvMT7Sb6k&feature=related CNN coverage on sale of BCA to Farindo Investments]

[id:guillermo jose garcia vasquez


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Bank Central Asia — PT Bank Central Asia Tbk. Rechtsform Aktiengesellschaft ISIN ID1000109507 Gründung 1955 Sitz Jakarta, Indonesien Leitung Djo …   Deutsch Wikipedia

  • Central Asia Regional Economic Cooperation Program — The Central Asia Regional Economic Cooperation (CAREC) Program is an Asian Development Bank (ADB) supported initiative which was established in 1997 to encourage economic cooperation among countries in the Central Asian region. In particular,… …   Wikipedia

  • Central Asia-Center gas pipeline system — Central Asia Center is a Gazprom controlled system of natural gas pipelines, which run from Turkmenistan via Uzbekistan and Kazakhstan to Russia. The eastern branch consists Central Asia Center (CAC) 1, 2, 4 and 5 pipelines, which start from the… …   Wikipedia

  • Central Asia, history of — Introduction       history of the area from prehistoric and ancient times to the present.       In its historical application the term Central Asia designates an area that is considerably larger than the heartland of the Asian continent. Were it… …   Universalium

  • Central Asia-China gas pipeline — The Central Asia China gas pipeline (known also as Turkmenistan China gas pipeline ) is a planned natural gas pipeline to transport natural gas from Central Asia to Xinjiang in China. It is expected that Turkmenistan, Uzbekistan and Kazakhstan… …   Wikipedia

  • Central Asia Institute — The Central Asia Institute (CAI) is a non profit organization whose mission is to promote and provide community based education and literacy programs, especially for girls, in remote mountain regions of Central Asia. [… …   Wikipedia

  • Soviet Central Asia — refers to the section of Central Asia formerly controlled by the Soviet Union, as well as the time period of Soviet control (1918 1991). In terms of area, it is nearly synonymous with Russian Turkestan, the name for the region during the Russian… …   Wikipedia

  • 2008 Central Asia energy crisis — )] United Nations Office for the Coordination of Humanitarian Affairs] The crisis has been ongoing and the UN has warned that millions face starvation during the 2008 09 winter. [http://www.eurasianet.org/departments/insight/articles/eav100708.sht… …   Wikipedia

  • Central Bank of the Democratic People's Republic of Korea — 조선민주주의인민공화국중앙은행 Joseon Minjujueui Inmin Gonghwaguk Jungang Eunhaeng Headquarters Pyongyang Central bank of Democratic People s Republic of Korea Currency North Korean won ISO 4217 Code …   Wikipedia

  • Bank Indonesia — Bank Indonesia …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”