CIMB Niaga president director Lani Darmawan
KUALA LUMPUR: CIMB Group
Holdings Bhd's 92.5%-owned Indonesian arm PT Bank CIMB Niaga Tbk’s pretax profit jumped 25.8% to 6.3 trillion rupiah in the first nine months of 2023 (9M23), translating to earnings per share of 196.6 rupiah.
CIMB Niaga president director Lani Darmawan said the bank delivered another strong financial performance and continued progress on the steady transformation of the company.
“We generated a 15.4% return on equity (ROE) in 9M23, up from 12.9% in 9M22. Our financial results highlight the efficacy of our prudent and proactive asset quality management.
“Gross non-performing loans (NPL) declined to 2.4% from 3.6% in 9M22 and 2.5% in 2Q23. Amid a rapidly evolving operating environment, we continued to deliver attractive profitability and capital returns to our shareholders while further strengthening our regulatory capital and liquidity ratios, she said in a statement.
“Our core focus areas remain firmly anchored in our strategy: expanding our customer base and strengthening our current account savings account (CASA) portfolio, ensuring sustainable asset quality improvement, and driving deeper digital engagement for a more robust future,” she added.
CIMB Niaga maintains a solid capital and liquidity position with a capital adequacy ratio (CAR) and loan-to-deposit ratio (LDR) of 23.8% and 86.4% respectively.
Total consolidated assets stood at 329.1 trillion rupiah (+7.2% YoY) as of Sept 30.
Its total deposits reached 235.3 trillion rupiah with CASA ratio at 66.7% while CASA grew by 4.5% year-on-year (YoY).
Total loans/financing grew 5.2% YoY to 205.6 trillion rupiah, with the highest growth from SME by 8.1% YoY, followed by corporate banking of 6.0% YoY and consumer banking of 5.9% YoY.
CIMB Niaga said its retail loans were contributed by growth from auto loans by 11.5% YoY and mortgage by 2.7% YoY.
In Sharia Banking, CIMB Niaga's Islamic business unit (CIMB Niaga Syariah) maintained its position as the largest Unit Usaha Syariah (Islamic Business Unit) in Indonesia, with total financing valued at 53.0 trillion rupiah and deposits of 42.7 trillion rupiah as at Sept 30.
As of Sept 30, CIMB Niaga’s nationwide network operated 3,952 ATMs and 469,790 electronic data capture (EDC & QR) terminals.
Meanwhile, CIMB Niaga has distributed sustainable financing, including MSME financing, amounting to 52.55 trillion rupiah or the equivalent of 25.6% of the bank's total financing, as at Sept 30.
