KUALA LUMPUR: PT Bank CIMB Niaga Tbk (CIMB Niaga) reported an unaudited consolidated net profit of 640 billion rupiah (RM208.9mil) in the first quarter (Q1) of 2017, which represented a 137.9% year-on-year (y-o-y) growth.
The growth also translated into earnings per share of 25.45 rupiah.
In a statement, CIMB Niaga president director Tigor M Siahaan said operating income grew 7.3% y-o-y, while cost was controlled and only rose by 2.8% y-o-y, considering the soft economic and operating environment.
“We anticipate a stronger financial performance for 2017 on the back of a gradual economic recovery and improved asset quality,” said Tigor.
With total assets of 236.86 trillion rupiah (RM77.3bil) as at March 31, 2017, representing a 2.2% y-o-y increase, the company maintained its position as Indonesia’s fifth largest bank by assets.
Total gross loans increased 2.9% y-o-y to 175.98 trillion rupiah.
Of total loans, the bank said consumer loans stood at 51.14 trillion rupiah or 29% with micro small and medium enterprise loans at 34.79 trillion rupiah (20%).
The balance from wholesale banking comprised corporate loans at 60.77 trillion rupiah or 35% and commercial loans at 29.28 trillion rupiah (16%).
Going forward, the company would focus on building its current account and savings account franchise and expand the proportion of consumer and small and medium enterprise businesses.
It would also further elevate its digital platform and broaden customer base towards achieving its aspiration to become Indonesia’s leading digital bank.
As at March 31, 2017, consumer banking customers accounted for 94% of transactions made through digital banking channels such as CIMB Clicks, Go Mobile, automated teller machines and Rekening Ponsel (mobile wallet). - Bernama
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