PT Bank CIMB Niaga Tbk recorded a consolidated net profit (unaudited) of Rp 1.05 trillion as of March 31, 2013, an increase of 12% compared to the net income in the same period in 2012 amounting to Rp 937 billion.
This results in a net profit growth of earnings per share (EPS) amounted to USD 41.94, greater than the figure in the same period last year of Rp 37.26.
CIMB Niaga’s net profit increase was contributed by the increase in operating income and a decrease in provision expense, along with the total credit growth and asset quality improved.
In the first quarter of 2013, managed to keep its position as the fifth largest bank, with total assets of Rp 217.46 trillion as of March 31, 2013, grew 26% compared to the first quarter of 2012 amounted to Rp172, 68 trillion.
As of March 31, 2013, CIMB Niaga has distributed a total gross loans amounted to Rp 147.06 trillion, up 13% from the same period in 2012 amounted to Rp 129.83 trillion.
Along CIMB Niaga step in mobilizing public funds, total deposits (deposits) grew by 26% to Rp 167.32 trillion, compared to the prior year period which amounted to Rp 133.23 trillion, which is supported by the growth of CASA (Current Account Savings Account) by 31% to Rp 77.73 trillion.
In terms of credit quality, the ratio of non-performing loans (non-performing loans) CIMB Niaga’s gross per March 31, 2013 stood at 2.41%, a decrease of 28 basis points compared to the first quarter of 2012 amounted to 2.69%.
President Director of CIMB Niaga, Arwin Rasyid said of CIMB Niaga’s total loan portfolio in the first quarter of 2013, the Commercial Banking contributed the largest value of Rp 59.60 trillion (40%), followed by Consumer Banking amounted to Rp 45.09 trillion (31%), and Corporate Banking at Rp 42.37 trillion (29%).
“Personal Loan and Micro business rate became the highest growth, respectively 75% and 56%. As of March 31, 2013, Personal Loan managed loan portfolio to Rp 1.07 trillion, and a big four bank Personal Loan largest dealer Indonesia, “Arwin said in a press release on Monday (29/04/2013).
While, micro-lending rate has amounted to Rp 2.29 trillion as of March 31, 2013, grew 56% over the same period last year. Micro business growth rate is in line with Bank Indonesia regulations that require banks to continue to increase the share of SME loans (SMEs) by 20% of the total loan portfolio in stages until 2018.
Sharia (UUSs) CIMB Niaga also recorded good growth. As of March 31, 2013, UUS CIMB Niaga has disbursed Rp 8 trillion, an increase of 135% yoy. Rahn also recorded growth businesses (mortgage) which surged 114% to Rp124 billion compared to the same period in 2012.