PT Bank CIMB Niaga Tbk Announces Unaudited Consolidated and Parent Earnings Results for First Quarter Ended March 31, 2019; Announces Consolidated and Parent Impairment Loss for Quarter Ended March 31, 2019
April 25, 2019 at 09:40 am EDT
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PT Bank CIMB Niaga Tbk announced unaudited consolidated and parent earnings results for first quarter ended March 31, 2019. For the quarter, Net interest and sharia income was IDR 3,037,599 million against IDR 3,033,447 million a year ago. Net operating income was IDR 1,271,137 million against IDR 1,206,823 million a year ago. Net income was IDR 944,175 million against IDR 876,703 million a year ago. Earnings were IDR 37.87 per basic share against IDR 34.98 per basic share a year ago.
For the quarter on parent basis, Net interest and sharia income was IDR 2,918,592 million against IDR 2,828,790 million a year ago. Net operating income was IDR 1,208,176 million against IDR 1,052,864 million a year ago. Net Income was IDR 900,293 million against IDR 747,519 million a year ago. Earnings was IDR 36.11 per basic share against IDR 29.80 per basic share a year ago.
The company announced consolidated and parent impairment loss for quarter ended March 31, 2019. On consolidated basis, income Impairment losses on financial and non-financial assets - net was IDR 712,297 million against IDR 849,811 million a year ago.
On Parent basis, income Impairment losses on financial and non-financial assets - net was IDR 706,026 million against IDR 890,074 million a year ago.
PT Bank CIMB Niaga Tbk (the Bank) is an Indonesia-based company, which is engaged providing general banking services. The Bank operates through seven segments: Corporate, Business, Retail, Treasury, Sharia, Subsidiaries, and Others. The Corporate segment includes loans, deposits and other transactions, and balances with corporate customers. The Business segment includes products and services for customer segments comprising small to medium scale enterprises. The Retail segment focuses on products and services for individual customers. This segment includes products, such as loans, deposits and other transactions, and balances with retail customers. The Treasury segment undertakes its treasury activities, which include foreign exchange, money market, derivatives, and investing in placements and securities transactions. The Sharia segment includes all transactions relating to Sharia Business Unit. The Subsidiaries segment includes all transactions relating to subsidiaries businesses.
PT Bank CIMB Niaga Tbk Announces Unaudited Consolidated and Parent Earnings Results for First Quarter Ended March 31, 2019; Announces Consolidated and Parent Impairment Loss for Quarter Ended March 31, 2019