CIMB Niaga consolidated net profit 103.8% higher for FY21

Lani Darmawan

KUALA LUMPUR: CIMB Group Holdings Bhd’s 92.5 per cent indirectly-owned subsidiary, PT Bank CIMB Niaga Tbk (CIMB Niaga), posted an audited consolidated net profit of 4.1 trillion Indonesian rupiah in financial year 2021 (FY2021), a 103.8 per cent year-on-year (y-o-y) growth translating into earnings per share of 164.5 rupiah.

CIMB Niaga director Lani Darmawan said the results were encouraging with a double-digit return on equity (ROE) despite continued challenges due to the ongoing COVID-19 pandemic.