Thursday, July 05, 2012

INDONESIA - BANKING - CIMB Niaga Sharia books 61% growth in assets

www.bisnis.com - JAKARTA: PT Bank CIMB Niaga Tbk sharia business unit recorded an aggressive growth by relying on a high increase in consumer financing.

According to Director of CIMB Niaga Commercial Banking & Sharia Handoyo Soebali, the assets of its sharia business unit (UUS) reached IDR5.7 trillion by the end of first half 2012 or 61% higher from IDR3.5 trillion a year earlier.

“The growth of sharia banking is largely driven by consumer segment which owned 51% portion of the total financing,” he said in Sharia Banking Forum for Multifinance and Consumer Business 2012 Thursday (7/5/2012).  (source)


CIMB Niaga sharia consumer segment grew 150% to IDR2.2 trillion from IDR860 billion in first half 2011.

In overall, its net profit reached IDR63 billion in January-June period or higher by twofold compared to IDR25 billion in the same period last year. (T06/TW)

Source: http://www.bisnis.com/articles/cimb-niaga-sharia-books-61-percent-growth-in-assets  - July 5, 2012

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