PT Bank CIMB Niaga 1Q20 net profit rises 11.8pc to IDR1.1t | Malay Mail

KUALA LUMPUR, May 8 — PT Bank CIMB Niaga Tbk posted an 11.8 per cent increase in unaudited consolidated net profit of Indonesian rupiah IDR1.1 trillion in the first quarter of 2020 ended March 31, 2020, which translates into earnings per share of IDR42.33.

“Our loan loss coverage increased to 191.13 per cent, with provision expenses rising by 8.7 per cent y-o-y,” he said in a filing with Bursa Malaysia today. “Total deposits stood at IDR202.6 trillion with the CASA ratio standing at 60.1 per cent. Savings accounts grew by 20.3 per cent y-o-y, driven largely by the bank’s continuous commitment to digital enhancement and customer experience,” Tigor said.

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