PT Bank CIMB Niaga Tbk Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
October 30, 2017
Share
PT Bank CIMB Niaga Tbk reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total operating income of IDR 3.9 trillion, ROE of 9%, net profit of IDR 817 billion with a PBT of IDR 1.087 trillion. Operating income grew by 5.1%.
For the nine months, net profit was IDR 2.2 trillion, representing a 69.1% year-on-year growth, which translates into an earnings per share of IDR 87.42. Net interest income was IDR 9.4 trillion, grew 5.4% year-on-year.
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.