Jakarta, 23 December 2024 - PT Bank Central Asia Tbk (BCA) has signed the Women Entrepreneurs (WE) Finance Code Indonesia, reaffirming its commitment to supporting the growth and empowerment of women entrepreneurs in Indonesia. This initiative is a key component of BCA's broader strategy to promote financial inclusion, ensuring equal access to financial resources for all segments of society.
The signing ceremony of the WE Finance Code Indonesia was led by BCA Director John Kosasih, accompanied by representatives from Financial Services Institutions, Financial Services Institutions Associations, and the Women Entrepreneurs Association. The event took place at the Grand Hyatt Hotel Jakarta on Tuesday (17/12). The signing was witnessed by representatives from the Ministry of Finance, the Financial Services Authority, Bank Indonesia, the Asian Development Bank (ADB), and the Islamic Development Bank (IsDB).
The WE Finance Code is an initiative aimed at fostering collaboration among c financial service providers, regulators, governments, and various stakeholders to improve access to finance for women entrepreneurs and MSMEs. This commitment was first introduced during the IMF Annual Meeting in 2023 in Marrakech, Morocco. Indonesia is the second of 26 pilot countries to implement the WE Finance Code commitment.
BCA Director John Kosasih stated, ”As a leading national financial institution, BCA is proud to participate in the signing of the Women Entrepreneurs Finance Code commitment in Indonesia. We recognize the strategic role that women entrepreneurs play in driving inclusive economic growth. BCA is committed to expanding financing opportunities for women entrepreneurs and MSMEs through various dedicated programs.”
The principles of the WE Finance Code are fully aligned with BCA's commitment to enhancing women's access to banking products and financing. This commitment is reflected in the significant growth of lending to women entrepreneurs. , As of September 2024, total outstanding loans disbursed to women entrepreneurs reached Rp17 trillion, an 18% year-on-year increase. . The number of women debtors also increased to 48,000, reflecting an 11.8% YoY growth, representing 37% of BCA's total individual debtors.
Additionally, for the past three years, BCA has consistently introduced the Kartini Multipurpose Business Credit (KMU) program, specifically designed for women entrepreneurs or businesses with a majority of female employees. This program is launched annually to commemorate Kartini Day. KMU Kartini offers special interest rates starting at 3.21% per annum, making it easier for women entrepreneurs to access working capital and meet other business needs.
BCA also offers various programs for entrepreneurs and MSMEs, including women entrepreneurs, such as Bangga Lokal, BCA UMKM Fest, natural color wastra coaching, market access expansion for nearly 100 women weavers, BCA UMKM Go Export, and free halal certification workshops.
“Through our participation in the WE Finance Code, BCA hopes to continue contributing to the creation of an inclusive financial ecosystem for women entrepreneurs in Indonesia. We believe this initiative will not only drive the growth of MSMEs but also strengthen the national economy as a whole. BCA remains committed to supporting various programs that inspire and empower women,” John Kosasih concluded.
Picture Information:
Always Supporting Women Entrepreneurs - PT Bank Central Asia Tbk (BCA) reaffirmed its commitment to empowering women entrepreneurs in Indonesia by signing the Women Entrepreneurs Finance Code Indonesia in Jakarta on Tuesday (17/12). Representing the company, BCA Director John Kosasih (third from right) participated in the signing, underscoring BCA's dedication to providing inclusive access to financing.
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About PT Bank Central Asia Tbk (As of 30 September 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 September 2024, BCA has the privilege of serving more than 40 million customer accounts, processing around 97 million daily transactions through a network of 1,257 branches, 19,439 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
