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 Bank Restructuring Agency took over control of the bank in 1998.
Somehow 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 2001.
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 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.
There is a BCA representative office in Singapore.
BCA KCU Pekanbaru
Branch Code : 0034
Address : Jln. Jend. Sudirman 448
Pekanbaru
BCA KCP A Yani
Branch Code : 0059
Address : Jln. A. Yani 41 C
Pekanbaru
Phone : 0761-32376, 32525
BCA KCP Juanda
Branch Code : 0144
Address : Jln. Ir Juanda 73-75
Pekanbaru
Phone : 0761-32198, 32998
BCA KCP Nangka
Branch Code : 0220
Address : Jln. Tuanku Tambusai No. 126 D-E
Pekanbaru
Phone : 0761-33688
BCA KCP Harapan Raya
Branch Code : 8135
Address : Jln. Imam Munandar No. 312 C-D
Pekanbaru
Phone : 0761-848308, 848248
BCA KCP Riau Bisnis Center
Branch Code : 8230
Address : Komplek Pertokoan Riau Plaza Blok A3, Jln. Riau
Pekanbaru
Phone : 0761-860941-42
BCA KCP Panam
Branch Code : 8455
Address : Jln. H.R. Subrantas No. 74 A & B
Pekanbaru
Phone : 0761-561118, 561119, 561222, 561223
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