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CIMB Niaga Syariah's assets rise 45.4% in 2018

27 March 2019 03:34 PM  Company: PT. Bank CIMB Niaga Tbk[BNGA]
Rp. 1,005  +5 (0.5%)

JAKARTA - Sharia Business Unit (UUS) of PT Bank CIMB Niaga Tbk (CIMB Niaga Syariah) managed to record a positive performance throughout 2018. As of December 31, 2018, CIMB Niaga Syariah assets grew by 45.4% year on year (YoY) to Rp 34.38 trillion from the previous year's position of Rp  23.64 trillion. The increase in assets was supported by the superior performance of financing and third party fund collection (DPK).

"Thank God, we are grateful for the achievements that were made in 2018. Our strategy to increase the role in financing various large-scale projects such as infrastructure and increasing contributions from the consumer segment shows encouraging results," said Pandji at the CIMB Niaga Syariah Joint Discussion in Jakarta on Wednesday (3/27/2019).

Pandji explained, as of December 31, 2018, CIMB Niaga Syariah had channeled financing of Rp 26.51 trillion or grew 58.8% from 2017 amounting to Rp 16.69 trillion. The main contributors to the increase in financing were the corporate and mortgage segment (iB mortgage), which each grew 85.5% (Rp 11.0 trillion) and 60.4% (Rp 8.7 trillion) on a Y-o-Y basis.

Throughout 2018 CIMB Niaga Syariah was able to collect third party funds (TPF) of Rp 23.71 trillion, growing 19.1% from last year's position of Rp 19.91 trillion. The profit before tax (PBT) which was successfully obtained in 2018 amounted to Rp 701.61 billion, an increase of 43.3% from 2017 amounting to Rp 489.68 billion. (LM)

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PT. Bank CIMB Niaga Tbk [BNGA]   Rp. 1,005   +5 (0.5%)