PETALING JAYA: PT Bank CIMB Niaga Tbk, the second largest private bank in Indonesia, saw strong growth in its corporate banking in the first quarter of 2025.
This had lent support to its pre-tax profit of 2.2 trillion rupiah in the first quarter and represented a 3.2% year-on-year (y-o-y) growth, or an earnings per share of 71.80 rupiah.
“We are pleased that 2025 is off to a good start, underpinned by the continued execution of our strategic priorities.
“Our profit and asset quality grew strongly, with gross non-performing loans improving to 1.85% from 2.14% in the same period last year, reflecting our disciplined risk management approach,” said CIMB Niaga president director Lani Darmawan in a statement.
“We continue to build a strong foundation through prudent growth and strategic investments that support our long-term value creation,” she added.
CIMB Niaga said it maintains a solid capital and liquidity position with a capital adequacy ratio and loan-to-deposit ratio of 24.8% and 89.3%, respectively. Its total consolidated assets stood at 371 trillion rupiah as of March 31. It said its total deposits increased to 254.2 trillion rupiah or a 2.5% y-o-y growth, with a current account and savings account (Casa) ratio of 67.4%.
Its Casa position grew 7% y-o-y, driven by stronger customer relationships and enhanced digital touchpoints. Total loans grew 8.7% y-o-y to 230.1 trillion rupiah, being driven by strong performance across key segments.
It said corporate banking recorded the highest growth of 13.7% y-o-y, while small and medium enterprises a 7.6% y-o-y growth and consumer banking grew at 5.5% y-o-y.
