While other leading Indonesian banks are eager to expand business by opening branches in neighbouring countries, Bank Central Asia (BCA) stays focused on the domestic market. BCA, Indonesia’s largest private bank, is eyeing to acquire several smaller banks in Indonesia as part of its (inorganic) business growth model this year. BCA seeks smaller banks that have good financial performance, match with BCA’s business and are not too expensive (with a price to book value of between one and two times).

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Bank Central Asia (BCA), the largest lender by market value and assets in Indonesia, is expected to benefit from Indonesia's tax amnesty program and improving economic growth of Southeast Asia's largest economy. CIMB Securities projects a 10 percent year-on-year (y/y) increase in loan growth in full-year 2016. However, this growth projection is slightly below BCA's loan growth realization one year earlier when it reached 12 percent (y/y). This slowing growth is attributed to lower demand for working capital credit and investment credit.

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