JAKARTA - PT CIMB Niaga Tbk (BNGA) posted a net profit of IDR 1.84 trillion in the first quarter of 2025.
Quoted from the company's financial statements, the company's net profit increased when compared to the achievement of the same period the previous year which was recorded at IDR 1.69 trillion.
CIMB Niaga President Director Lani Darmawan said profit growth and good asset quality reflect the implementation of disciplined risk management, as seen from the improvement of Gross Non-Performing Loan (NPL) to 1.85 percent from 2.14 percent in the same period last year.
"We continue to strengthen business foundations through growth with the principle of prudence and strategic investment to support the creation of long-term value," he said in a written statement, Tuesday, April 29.
CIMB Niaga always maintains a solid capital and liquidity position with a capital adequacy ratio (CAR) and a loan to deposit ratio (LDR) of 24.8 percent and 89.3 percent, respectively.
Total consolidated assets amounted to IDR 371.0 trillion as of March 31, 2025, which further strengthened CIMB Niaga's position as the second largest national private bank in Indonesia.
On the other hand, the total Third Party Funds (DPK) increased to IDR 254.2 trillion with a good current account and savings account (CASA) ratio of 67.4 percent.
Meanwhile, CASA increased by 7.0 percent yoy which was driven by closer relationships with customers as well as an increase in digital services.
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The amount of credit/financing rose 8.7 percent yoy to IDR 230.1 trillion, driven by good performance from several key segments.
The corporate banking reached the highest growth of 13.7 percent yoy, while the Small and Medium Enterprises (SMEs) were 7.6 percent yoy and the Consumer Banking was 5.5 percent yoy.
The increase in retail credit/financing was mainly contributed by the increase in Car Ownership Loans (KPM) which increased by 27.9 percent yoy.
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