JAKARTA - Although the economic situation in the second year of the pandemic is still challenging, CIMB Niaga (BNGA) managed to record a positive performance. In the first nine months of 2021, the company's consolidated (unaudited) net profit reached IDR3.2 trillion, an increase of 69% (or 74% excluding Exceptional Items) year-on-year ("YoY"), and generated earnings per share of IDR126, 38.
“The net profit resulted in a performance that was above pre-COVID-19 levels. This is supported by well-managed operating income and cost control. Thus, we were able to maintain a double-digit ROE of 10.8% (ROE excluding Exceptional Items of 11.2%). On the balance sheet aspect, we succeeded in increasing the collection of third party funds (“TPF”) by 7.6% YoY with a CASA ratio of 61.7%,” said CIMB Niaga Director of Strategy, Finance & SPAPM Lee Kai Kwong in Jakarta, Wednesday (24/11).
The total collection of third party funds was recorded at IDR228.0 trillion. Current Accounts and Savings Accounts grew by 8.5% Y-o-Y and 11.7% Y-o-Y, respectively, in line with the Bank's commitment to developing digital services and improving customer experience.
Total loans disbursed amounted to IDR177.0 trillion, which was mainly contributed by the Consumer Banking business which grew 5.7% Y-o-Y. Home Ownership Loans (“KPR”) grew 8.1% Y-o-Y, while Car Ownership Loans (“KPM”) grew by 13.4% Y-o-Y. (LM)