Jakarta, 7 August 2024 – PT Bank Central Asia Tbk (BCA) held BCA UMKM Fest at Kota Kasablanka Mall, Jakarta, on August 7-11, 2024. The event will then continue online from August 12-September 12, 2024. In the fourth edition of this annual festival, over 50 selected MSMEs showcased their products; while over 1,200 MSME participated in the online event, accessible via the umkmfest.bca.co.id website, in collaboration with e-commerce platforms Blibli and Grab. Additionally, over 300 local businesses played a role in organizing UMKM Fest at 47 KCU BCA locations across various regions.
The opening of BCA UMKM Fest 2024 was attended by Minister of Cooperatives and SMEs Teten Masduki, BCA President Director Jahja Setiaatmadja, and all BCA board members. UMKM Fest is a form of BCA's support for micro, small, and medium enterprises (MSMEs), which play an important role in the Indonesian economy. Through UMKM Fest, BCA creates strategic opportunities for businesses to expand their market reach both at home and abroad.
BCA President Director Jahja Setiaatmadja said, "BCA UMKM Fest 2024 is a people's economic festival that has been held regularly since 2021 as a form of our commitment to support the development of MSMEs. This activity is one of our efforts to participate in inclusive, sustainable economic development and encourage more MSME players to upgrade. The important role of MSMEs in the Indonesian economy is becoming more important. Therefore, cooperation between MSMEs and various parties needs to be intensified, and better access to markets, resources and networks needs to be provided in order to increase the competitiveness of business players."
BCA UMKM Fest 2024 was enlivened with a variety of superior products ranging from food and beverages, fashion, hobbies, to health and beauty. In addition, Desa Binaan BCA's products were also present, as well as BCA Travel Service, which enlivened the event at Kota Kasablanka Mall.
Minister of Cooperatives and SME Teten Masduki also appreciated the execution of BCA UMKM Fest 2024. According to him, initiatives to support the development of MSME players such as those carried out by BCA must continue to be supported and welcomed.
"The MSME sector has been a major contributor to the Indonesian economy. As of 2023, the contribution of MSMEs reached 61% of Indonesia's Gross Domestic Product (GDP) and absorbed about 117 million workers (97%) of the total workforce. The number of MSMEs, which continues to grow every year, reflects the enthusiasm of the community to build businesses and proves that the role of MSMEs is significant to the national economy. BCA UMKM Fest deserves recognition as it not only supports small and medium enterprises, but also opens up great opportunities for the community to find local quality products and support the creative economy," said Minister of Cooperatives and SMEs Teten Masduki.
BCA, as a banking institution, always assists the development of MSMEs and strives to provide access to finance that reaches businesses in various regions. UMKM Fest is one of the ways BCA helps businesses reach a wider market. At UMKM Fest 2023, the volume of transactions generated from offline and online activities reached more than 79,000. This shows the high enthusiasm of the community to explore and purchase local products.
In addition to the UMKM Fest, BCA also has other activities that support the development of small and medium enterprises such as BCA Bangga Lokal and BCA UMKM Pride 2024. BCA also supports MSMEs with workshops and the issuance of Halal certificates, which is expected to reach 2,000 businesses this year. In 2023, BCA assisted in the issuance of 1,000 halal certificates for MSMEs, and this effort placed the company in second place nationally as the institution with the highest halal certificate quota. In terms of financing, BCA has disbursed Rp 114.4 trillion in SME loans as of June 2024, an increase of 12.7% year-on-year. BCA's Macroprudential Inclusive Financing Ratio (RPIM) reached 22.2% as of June 2024.
In BCA UMKM Fest 2024, BCA not only acts as a payment service provider and facilitator for MSMEs, but also offers various attractive promos for loyal users of its products and services. The various promos that can be enjoyed include shopping vouchers of up to Rp200 thousand for purchases using QRIS at myBCA/BCA mobile/Sakuku, BCA Paylater or BCA Credit Card. There are also 2x shopping voucher promos for redeeming BCA Rewards and 0% BCA installment promos for up to 12 months with BCA Credit Cards.
Picture Information I:
Expanding Market Access for MSMEs & Local Entrepreneurs through BCA UMKM Fest 2024 - BCA President Director Jahja Setiaatmadja delivers a speech at the opening ceremony of BCA UMKM Fest 2024, at Kota Kasablanka Mall, Jakarta, on Wednesday (7/8). BCA UMKM Fest 2024 is a form of BCA's support for micro, small and medium enterprises as important players in the Indonesian economy. Through BCA UMKM Fest 2024, BCA creates strategic opportunities for businesses to expand their market reach both at home and abroad.
Picture Information 2 & 3:
BCA UMKM Fest 2024 showcases a variety of quality local products - BCA President Director Jahja Setiaatmadja (second from left) with Minister of Cooperatives and SMEs Teten Masduki (third from left), Deputy for Entrepreneurship at the Ministry of Cooperatives and SMEs Siti Azizah (third from right), BCA Director John Kosasih (right), BCA Director Antonius Widodo (second from right), and Puteri Indonesia Tourism 2024 (left) during a visit to the Bakti BCA booth. Through the BCA UMKM Fest 2024, BCA aims to encourage the public to buy local quality products and support the creative economy. At this event, BCA customers and the public can enjoy various promotions such as shopping vouchers and 0% installments up to 12 months with BCA credit cards. In addition to Kota Kasablanka, BCA UMKM Fest 2024 can also be accessed online at umkmfest.bca.co.id.
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About PT Bank Central Asia Tbk (as of 30 June 2024)
BCA is one of the leading commercial banks in Indonesia with the core business of transaction banking. BCA also offers a full range of financial services in consumer, SME, commercial and corporate segments. By the end of June 2024, BCA has the privilege of serving more than 37 million customer accounts, processing around 95 million of daily transactions through a network of 1,259 branches, 19,163 ATMs as well as internet & mobile banking services and Halo BCA contact center that can be accessed 24 hours. BCA’s presence is complemented by a number of subsidiaries focusing on vehicle financing, sharia banking, securities, general and life insurance, digital bank, remittance as well as venture capital business. BCA is committed to building lasting relationships with customers, putting people first, and making a positive impact on society at large. With more than 27,000 employees, BCA's vision is to be the bank of choice and a major pillar of the Indonesia economy.
PT BANK CENTRAL ASIA TBK
Group Corporate Communication and Social Responsibility - CSR
Corporate Communication
Address : Jl. MH Thamrin No. 1
Menara BCA Lt. 22
Jakarta Pusat 10310
Telephone : (021) 2358-8000
Fax : (021) 2358-8339
E-mail : corcom_bca@bca.co.id
