PT Bank CIMB Niaga Tbk Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022
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PT Bank CIMB Niaga Tbk reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was IDR 3,209,232 million compared to IDR 3,269,361 million a year ago. Net income was IDR 1,194,053 million compared to IDR 995,910 million a year ago. Basic earnings per share from continuing operations was IDR 47.89 compared to IDR 39.95 a year ago. Diluted earnings per share from continuing operations was IDR 47.89 compared to IDR 39.95 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.