BNGA - PT. Bank CIMB Niaga Tbk

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JAKARTA. PT Bank CIMB Niaga Tbk (BNGA), the private bank with the third highest market capitalisation in Indonesia, booked net profit of IDR 6.55 trillion in 2023, increasing 28.5% year-on-year (yoy).

Lani Darmawan, President Director of CIMB Niaga, said that this achievement reflects the company’s consistency in maintaining resilience, agility, and its user-oriented approach. “In the future, we will continue to provide the best and relevant financial solution in order to respond to various and ever-evolving users’ needs,” she told IDNFinancials today (21/2).

Darmawan also said that BNGA’s profitability in 2023 was also supported by improvement of asset quality. It is indicated with quite significant decrease in gross non-performing loan (NPL) rate to 2% from the initial 2.8% in December 2022.

In addition, BNGA also reported third-party funds increase, reaching IDR 235.9 trillion in 2023, or growing 3.8% yoy. In the meantime, total disbursed credits in 2023 amounted to IDR 213.4 trillion, up 8.5% yoy.

This positive performance allowed BNGA’s capital structure and liquidity to remain solid throughout 2023. The capital adequacy ratio (CAR) and Loan-to-Deposit ratio (LDR) at the end of 2023 arrived at 24% and 89.3%.

From its sharia business line, sharia business unit managed by CIMB Niaga, CIMB Niaga Syariah, channelled financing of IDR 55.2 trillion. This number went up 17% yoy. Meanwhile, third-party funds recorded by CIMB Niaga Syariah were reported increasing 13.7% yoy to IDR 44.9 trillion in 2023. (KR/ZH)