PT Bank CIMB Niaga Tbk Announces Unaudited Consolidated and Parent Earnings Results for First Quarter Ended March 31, 2021
April 30, 2021 at 12:29 pm IST
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PT Bank CIMB Niaga Tbk announced unaudited consolidated and parent earnings results for first quarter ended March 31, 2021. For the quarter, on consolidated basis, net interest income was IDR 3,269,361 million against IDR 3,068,499 million a year ago. Operating income was IDR 1,240,940 million against IDR 1,367,940 million a year ago. Net income was IDR 995,834 million against IDR 1,054,966 million a year ago. Earnings were IDR 39.95 per share against IDR 42.33 per share a year ago.
For the quarter on parent basis, net interest income was IDR 3,151,497 million against IDR 2,952,821 million a year ago. Operating income was IDR 1,184,292 million against IDR 1,339,929 million a year ago. Net income was IDR 948,030 million against IDR 993,351 million a year ago. Earnings were IDR 38.03 per share against IDR 39.85 per share a year ago.
PT Bank CIMB Niaga Tbk (the Bank) is an Indonesia-based company, which is engaged providing general banking services. The Bank operates through seven segments: Corporate, Business, Retail, Treasury, Sharia, Subsidiaries, and Others. The Corporate segment includes loans, deposits and other transactions, and balances with corporate customers. The Business segment includes products and services for customer segments comprising small to medium scale enterprises. The Retail segment focuses on products and services for individual customers. This segment includes products, such as loans, deposits and other transactions, and balances with retail customers. The Treasury segment undertakes its treasury activities, which include foreign exchange, money market, derivatives, and investing in placements and securities transactions. The Sharia segment includes all transactions relating to Sharia Business Unit. The Subsidiaries segment includes all transactions relating to subsidiaries businesses.