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MarketScreener Homepage  >  Equities  >  INDONESIA STOCK EXCHANGE  >  PT Bank Central Asia Tbk    BBCA   ID1000109507

PT BANK CENTRAL ASIA TBK

(BBCA)
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Indonesia, Japan promote own currencies for trade and investment

08/31/2020 | 07:05am EST
Illustration photo of a Japan Yen note

Indonesia's central bank and Japan's finance ministry have named a number of banks as cross currency dealers to encourage the use of the rupiah and yen for bilateral trade and investment, Bank Indonesia said on Monday.

Mizuho Bank, MUFG Bank, and Bank Negara Indonesia were appointed as dealers to handle direct quotations of rupiah and yen in both countries.

In addition, Resona Bank and Sumitomo Mitsui Banking Corp were appointed as dealers in Japan and Bank Central Asia, Bank Mandiri, Bank Rakyat Indonesia and BTPN in Indonesia.

The two countries have been promoting the use of local currencies for bilateral transactions for years and their central banks have a cross-currency bilateral swap arrangement worth an equivalent of $22.76 billion.

Two-way trade in goods between Indonesia and Japan was worth $31.7 billion in 2019. Japan is also a major source of foreign direct investment into Indonesia.

(Reporting by Tabita Diela; Editing by Gayatri Suroyo and Jacqueline Wong)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
PT BANK BTPN TBK -1.89% 3120 End-of-day quote.0.32%
PT BANK CENTRAL ASIA TBK -0.93% 34775 End-of-day quote.2.73%
PT BANK MANDIRI (PERSERO) TBK -1.82% 6725 End-of-day quote.6.32%
PT BANK RAKYAT INDONESIA (PERSERO) TBK -3.98% 4580 End-of-day quote.9.83%
RESONA HOLDINGS, INC. -0.92% 389.7 End-of-day quote.8.13%
SUMITOMO MITSUI FINANCIAL GROUP, INC. -0.56% 3524 End-of-day quote.10.54%
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Financials
Sales 2020 73 816 B 5,24 B 5,24 B
Net income 2020 25 102 B 1,78 B 1,78 B
Net Debt 2020 - - -
P/E ratio 2020 34,5x
Yield 2020 1,35%
Capitalization 857 378 B 60 937 M 60 874 M
Capi. / Sales 2020 11 615x
Capi. / Sales 2021 10 684x
Nbr of Employees -
Free-Float 39,9%
Chart PT BANK CENTRAL ASIA TBK
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PT Bank Central Asia Tbk Technical Analysis Chart | BBCA | ID1000109507 | MarketScreener
Technical analysis trends PT BANK CENTRAL ASIA TBK
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 36 962,17 IDR
Last Close Price 34 775,00 IDR
Spread / Highest target 23,7%
Spread / Average Target 6,29%
Spread / Lowest Target -28,1%
EPS Revisions
Managers and Directors
NameTitle
Jahja Setiaatmadja President Director
Djohan Emir Setijoso President Commissioner
Lilik Winarni Head-Operation Strategy & Development Division
Vera Eve Lim Director-Finance & Corporate Planning
Nur Hermawan Thendean EVP-Strategic Information Technology Group