CIMB Niaga's Net Profit Increases by 69% in Q3 2021

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Cindy Mutia Annur 28/10/2021 19:00 WIB

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PT Bank CIMB Niaga Tbk reported a net profit of Rp 3.14 trillion in the third quarter of 2021. This figure is up 69% compared to the same period the previous year.

CIMB Niaga Net Profit per Quarter III (2017-2021)

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CIMB Niaga's Net Profit Increases by 69% in Q3 2021

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CIMB Niaga Net Profit per Quarter III (2017-2021)

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PT Bank CIMB Niaga Tbk reported a net profit of Rp 3.15 trillion until Q3 2021. This figure is up 69% year-on-year (yoy) compared to Rp 1.86 trillion in the same period of the previous year.

The growth in CIMB Niaga's net profit was supported by a 7% yoy increase in net interest income to Rp 9.88 trillion during January-September 2021. This figure was achieved due to a decrease in interest and sharia expenses in the first nine months of this year.

Interest expense decreased by 27.80% (yoy) to Rp 3.43 trillion in the January-September 2021 period. Sharia expenses also fell by 42.5% (yoy) to Rp 901.9 billion.

Meanwhile, interest income decreased by 7.8% (yoy) to Rp 12.97 trillion. Sharia income also decreased by 12.8% (yoy) from Rp 2.62 trillion.

CIMB Niaga's assets were recorded at Rp 295.4 trillion as of January-September 2021. This figure increased by 5.14% from the end of 2020, which was Rp 280.94 trillion.

CIMB Niaga's third-party funds amounted to Rp 227.95 trillion until Q3 2021. This figure increased by 9.96% from the end of last year, which was Rp 207.3 trillion.

Editor : Dimas Jarot Bayu

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."