CIMB Niaga 1Q profit before tax at 2.3 trillion rupiah

PETALING JAYA: PT Bank CIMB Niaga Tbk, CIMB Group Holdings Bhd’s Indonesian subsidiary, has reported a profit before tax of 2.3 trillion rupiah, translated into earnings per share of 70.20 rupiah in the first quarter of financial year 2026 (1Q26).

CIMB Niaga president director and chief executive officer Lani Darmawan said the bank started 2026 on a strong footing, supported by resilient earnings, solid growth in fee-based income and robust fundamentals.

She added that the positive first-quarter performance reflects the strength of the group’s strategy and the dedication of its people in delivering value to customers and stakeholders.

“Revenue growth remained steady, supported by disciplined cost management and selective loan growth backed by strong current account savings account (Casa) funding, with record level of Casa ratio at 73.9%, reinforcing our ability to safeguard margins,” she said in a statement.

Lani noted that its asset quality remained sound, with non-performing loans below the industry average and the cost of credit stabilising below 1%.

“Importantly, our expanding wealth management franchise, serving preferred and private wealth clients, continues to show stronger resilience with average assets under management per customer rising steadily and reinforcing our diversified income base,” she said.

Looking ahead, Lani said the group will continue to prioritise fee-based income growth to complement core income, while defending margins through a stronger Casa base and disciplined funding, supported by sustained returns and a solid capital position.

Loan growth will be pursued with prudence, whilst asset quality and portfolio resilience remain a priority focus.

“Above all, we are guided by our Forward30 Strategy and our purpose of Advancing Customers and Society, continuing our support for customers and the wider Indonesian community in achieving their dreams and aspirations,” she added.

During the quarter, CIMB Niaga reported a capital adequacy ratio of 25.3% and a loan-to-deposit ratio of 89.2%.

Total assets stood at 368.2 trillion rupiah as at March 31, 2026.

Deposits rose 2.3% year-on-year to 260.1 trillion rupiah, driven by a 12.2% increase in Casa to 192.3 trillion rupiah, bringing the Casa ratio to 73.9%.

The bank’s total loans and financing grew 2.2% year-on-year to 235.1 trillion rupiah, while growth in retail loans was mainly driven by auto financing, which rose 4%.

Its Islamic unit, CIMB Niaga Syariah, remained the largest Islamic business unit in Indonesia, with financing of 52.9 trillion rupiah and deposits of 45 trillion rupiah as at March 31, 2026.

CIMB Niaga recorded sustainable financing of 60.2 trillion rupiah in 1Q26, accounting for nearly 26% of total financing, driven by growth in renewable energy, micro, small and medium enterprises (MSMEs) and sustainability-linked loans.

MSME financing stood at 25.7 trillion rupiah as at March 2026, making up about 43% of the sustainable financing portfolio.

“Our progress in sustainable financing, decarbonisation, and community initiatives demonstrates CIMB Niaga’s determination to grow responsibly and to create meaningful impact for society and the environment.

“We remain steadfast in embedding sustainability into our business strategy, ensuring that our growth supports inclusive development and strengthens Indonesia’s long-term economic resilience,” Lani said.