CIMB Niaga's Third Quarter 2022 Net Profit Grows 23.89%

PT Bank CIMB Niaga Tbk (CIMB Niaga) recorded a net profit of IDR 3.89 trillion as of September 2022 or grew 23.89% year on year (yoy) from the previous IDR 3.14 trillion in the same period last year. Operating income was recorded at Rp2.31 trillion, up 20.31% yoy from the previous Rp1.92 trillion in the same period last year. Meanwhile, the number of loans disbursed reached Rp194.7 trillion, derived from growth in the Corporate Banking business by 12.8% yoy, Consumer Banking by 14.7% yoy. Mortgages at 8.6% yoy, KPM at 52.4% yoy, and contributions from its subsidiary, PT CIMB Niaga Auto Finance. The growth of bank credit coded as BNGA shares was balanced by maintained credit quality with gross non-performing loans (NPLs) at the level of 3.55% and net NPLs at 0.94%. "We have achieved positive results up to September 2022, mainly due to an increase in revenue in line with good business growth, controlled costs, and a better trend in underlying asset quality," said CIMB Niaga President Director Lani Darmawan in Jakarta, Thursday (27/27). /10) Furthermore, the company's total Third Party Funds (TPF) reached Rp221.9 trillion with the CASA ratio rising to 67.7%, which was contributed by CASA growth of 6.7%. Then, the Return on Equity (ROE) ratio grew by 207 bps to 12.90%, and the Return on Assets (ROA) grew 24 bps to 2.20%. Meanwhile, in sharia banking, the Sharia Business Unit (UUS) of CIMB Niaga Syariah recorded a total financing of Rp45.2 trillion and TPF of Rp34.6 trillion as of September 2022. "We will continue to maintain positive performance results until the end of 2022, especially in growth in the Bank's main segments, namely in Car Ownership Loans (KPM), Home Ownership Loans (KPR), Emerging Business Banking (EBB)/Small and Medium Enterprises (SMEs), and corporations," said Lani.

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