PT Bank CIMB Niaga Tbk Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 27, 2021
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PT Bank CIMB Niaga Tbk reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net interest income was IDR 3,349,969 million compared to IDR 3,055,585 million a year ago. Net income was IDR 1,018,028 million compared to IDR 119,606 million a year ago. Basic earnings per share from continuing operations was IDR 40.84 compared to IDR 4.8 a year ago. Diluted earnings per share from continuing operations was IDR 40.84 compared to IDR 4.8 a year ago.
For the nine months, net interest income was IDR 9,888,258 million compared to IDR 9,258,089 million a year ago. Net income was IDR 3,150,480 million compared to IDR 1,864,440 million a year ago. Basic earnings per share from continuing operations was IDR 126.38 compared to IDR 74.79 a year ago. Diluted earnings per share from continuing operations was IDR 126.38 compared to IDR 74.79 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.