CIMB Niaga posts 19.9% increase in net profit

Lani Darmawan

KUALA LUMPUR: CIMB Group Holdings Bhd’s Indonesian arm, PT Bank CIMB Niaga Tbk, posted an unaudited consolidated net profit of 1.2 trillion rupiah (RM361.6mil) in the first quarter of 2022, up 19.9% year-on-year (y-o-y) and translating to an earnings per share of 47.89 rupiah.

In a statement, CIMB Niaga said its capital adequacy ratio and loan-to-deposit ratio were strong at 23.1% and 76.1%, respectively, as at March 31, 2022.