Dapen BCA Achieves Strong 8.8% ROI in December 2025

Strategic Investment Approach Yields Positive Results

Dapen BCA, the pension fund of Bank Central Asia, has reported an 8.8% Return on Investment (ROI) as of December 2025. According to CEO Budi Sutrisno, the positive performance was driven by strategic optimization of the investment portfolio and selective asset management. The company's investment strategy focuses on maintaining a balance between investment returns and liquidity while adhering to regulatory requirements.

Diversified Investment Portfolio

As of December 2025, Dapen BCA's investment portfolio was primarily composed of State Securities (SBN) at 39.23%, reflecting the pension fund's emphasis on stability and long-term cash flow. Other significant allocations included Real Estate (15.22%), Deposits (14.51%), and Corporate Equity (14.37%). The fund also invested in Corporate Bonds (6.05%) and Bank Indonesia Certificates (5.32%), with the remaining 5.30% in Stocks and Mutual Funds.

Challenges and Future Strategies

The pension fund industry faces significant challenges, including rising pension benefit payments as more participants reach retirement age. To address this, Dapen BCA is maintaining a prudent investment strategy that prioritizes both returns and liquidity. The Financial Services Authority (OJK) has noted that pension funds must improve transparency and optimize asset allocation strategies. OJK also encourages pension funds to consider investments that support Environment, Social, Governance (ESG) criteria.

Industry Context

The OJK reported that the overall pension fund industry saw a 1.45% year-on-year increase in ROI, reaching 7.03% as of October 2025. Looking ahead, OJK is promoting better investment education for pension fund participants to ensure that investment choices align with their risk profiles and liabilities. This approach aims to make pension fund investments more sustainable and optimal in the long term.