BANKING - CIMB Niaga Distributes Rp 38 T Commercial Loans
CIMB Niaga signed an e-chain financing cooperation with Galva Group valued at US$ 16 million. (IFT/STANLIE) JAKARTA (IFT) - Bank CIMB Niaga Tbk (BNGA) posted an outstanding commercial loan of Rp 37 trillion - 38 trillion. This is 35 percent of the bank's total loans which is comprised of corporate loans (32 percent), retail loans (31 percent) and Islamic finance (2 percent). The high growth of commercial loans is mainly due to the high demand for working capital, said Handoyo Soebali, Commercial Banking Director of CIMB Niaga.(full story)
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