CIMB Niaga Performance In Nine Months: Credit Distribution Of IDR 194 Trillion, Profit Before Tax Of IDR 5 Trillion

Photo: Doc. CIMB Niaga

JAKARTA - PT Bank CIMB Niaga Tbk (CIMB Niaga) recorded total loans disbursed in nine months this year amounting to IDR 194.7 trillion. This credit distribution was contributed by growth in corporate banking which increased by 12.8 percent and consumer banking which increased by 14.7 percent.

In the consumer banking segment, growth mainly comes from home ownership loans (KPR) which increased by 8.6 percent year on year (yoy), while car ownership loans (KPM) increased by 52.4 percent, including contributions from a subsidiary, PT CIMB Niaga Auto Finance.

This also supports the profit before the consolidated tax (unaudited) of IDR 5 trillion, an increase of 22.5 percent yoy.

The increase in revenue is in line with good business growth, controlled costs, and better underlying asset quality trends. These results encourage CIMB Niaga to continue to provide added value to shareholders.

CIMB Niaga President Director Lani Darmawan said CIMB Niaga will always maintain positive performance results until the end of 2022, especially on growth in the bank's main segments, namely KPM, KPR, emerging business banking (EBB)/middle small companies (SMEs), and corporations.

"With the strong position of bank capital and liquidity as well as the implementation of the business strategy that we consistently run, we are confident that we will be able to achieve the financial targets we have set in 2022," Lani told the media, Friday, November 18.

Lani explained, as of September 30, 2022, CIMB Niaga will further strengthen its position as the second largest national private bank in Indonesia in terms of assets with total assets reaching IDR 307 trillion. Capital adequacy ratio (CAR) and loan to deposit ratio (LDR) CIMB Niaga amounted to 21 percent and 86.9 percent, respectively. The return on equity (ROE) is 12.9 which shows CIMB Niaga's ability to score profits is getting stronger.

In terms of funding, the company managed to raise the total third party funds (DPK) which reached IDR 221.9 trillion with the CASA ratio increasing to 67.7 percent.