CIMB Niaga first half profit grows 8 percent

JAKARTA. Bank CIMB Niaga books Rp 2.13 trillion in unaudited net profit during the first half of 2013, up 8 percent from the same period last year.

CIMB Niaga’s earning per share therefore stood at Rp 84.9. The profit was mainly supported by net interest income, which grew 5 percent to Rp 4.92 trillion from the same period last year.

CIMB Niaga president director Arwin Rasyid said that as of June 2013, the bank had disbursed Rp 150.95 trillion in loans, up 10 percent from the same period last year. The figure was far below the targeted by Bank Indonesia, 20 percent increase.

“Along with credit growth, we also maintained prudentiality towards asset quality and to continuously reduce the ratio of nonperforming loans,” Arwin said.