KUALA LUMPUR: CIMB Group Holdings Bhd 's 92.5% indirectly held Indonesian subsidiary PT Bank CIMB Niaga Tbk (CIMB Niaga) reported a 29.5% year-on-year (YoY) jump in pre-tax profit to 2.0 trillion rupiah (about RM607mil) in the first quarter, translating to earnings per share of 63.42 rupiah. Total loans/financing grew 10.1% YoY to 201.1 trillion rupiah (or 199.6 trillion rupiah excluding Salam financing) contributed mainly by growth in corporate banking and consumer banking. Mortgages grew by 5.5% YoY, while auto loans rose 20.6% Y-o-Y, including contributions from the bank’s subsidiary, PT CIMB Niaga Auto Finance (CNAF). “In CIMB Niaga, we also focus on customer centricity, which we do by continuing to provide unique and different values as well as a positive experience to customers when performing banking transactions with CIMB Niaga," Lani said. To support its business growth, CIMB Niaga continues to improve customer experience by offering a comprehensive suite of products and services through its 414 branches and networks (including 37 digital lounges).

Source: The Star April 27, 2023 22:29 UTC