CIMB Niaga posts 19.9% rise in earnings

Total assets stood at 307.4 trillion rupiah (RM92.70bil), with CIMB Niaga keeping its position as Indonesia’s second-largest privately-owned bank by assets.

PETALING JAYA: CIMB Group Holdings Bhd’s Indonesian arm, PT Bank CIMB Niaga Tbk, posted an unaudited consolidated net profit of 1.2 trillion rupiah (RM 361.66mil) in the first quarter of 2022, up 19.9% year-on-year and translating to an earnings per share of 47.89 rupiah (1.4 sen).

CIMB Niaga’s capital adequacy ratio and loan-to-deposit ratio were strong at 23.1% and 76.1%, respectively, as at March 31, 2022.