CIMB Niaga’s Sharia Business Unit (UUS) maintains its position as the largest UUS in Indonesia. In the third quarter of 2021, total financing was recorded at IDR 35.4 trillion or grew by 8.6 percent (YoY) and deposits rose 4.6 percent to IDR 36.7 trillion.
On a consolidated basis, PT Bank CIMB Niaga Tbk reported consolidated net profit grew 69 percent (YoY) to Rp 3.2 trillion. CIMB Niaga President Director Tigor M Siahaan said this achievement resulted in a performance that was above pre-COVID-19 levels.
“This is supported by well-managed operating income and cost control,” he said in a statement, Friday (29/10).
Thus, CIMB Niaga was able to maintain a double-digit ROE of 10.8 percent. ROE excluding Exceptional Items of 11.2 percent. In terms of the balance sheet, CIMB Niaga succeeded in increasing the collection of third-party funds (DPK) by 7.6 percent with a CASA ratio of 61.7 percent.
“Despite the improving trend of COVID-19 indicators, we remain optimistic by being cautious about future performance,” he said.
CIMB Niaga’s Capital Adequacy Ratio (CAR) and Loan to Deposit Ratio (LDR) were recorded at 22.6 percent and 76.7 percent respectively as of September 30, 2021. Total assets were recorded at IDR 295.4 trillion. The total collection of deposits was recorded at Rp 228.0 trillion with Current Accounts and Savings growing by 8.5 percent (YoY) and 11.7 percent (YoY).
As of September 30, 2021, digital financial transactions through OCTO Mobile increased by 94.6 percent (YoY). Meanwhile, credit growth was contributed by the Consumer Banking business, which grew 5.7 percent (YoY). Home Ownership Loans (KPR) grew 8.1 percent (yoy), while Car Ownership Loans (KPM) grew by 13.4 percent (YoY).