CIMB Group Holding Berhad announced a net profit of RM 4.35 billion in fiscal year 2012. This figure is up 7.8% over the same period the previous year.
“We return a high profit for FY12 because almost all business units to increase revenue numbers,” said Group Chief Executive, CIMB Group, Dato Nazir Razak in Kuala Lumpur, Malaysia, Wednesday (04/17/2013).
Recorded earnings are equivalent to net earnings per share valued at 58 cents and the rate of return on equity of 16%.
The company achieved net profit in the fourth quarter of FY12 stood at RM 1.082 billion, or 5.3% lower than 3Q12 net income, and lower by 4.5% from 4Q11 net profit, amounting to RM 1.133 billion.
“CIMB Group’s revenue in FY12 experienced increased 11.3% over the same period previous to RM 13.495 billion,” he added.
Net interest income rose by 10.6% while non-interest income increased 12.7% due to capital market transactions exceeded the highest plus increasingly aggressive treasury market activities.
“Without taking into account the advantages and CIMB Aviva deconsolidation amounted to RM250 million in 4Q11, an increase in non-interest income amounted to 19.8%,” said Nazir.
Increase in CIMB Group’s profit before tax was higher by 9.1% to RM 5.678 billion.
“Profit before tax generated regional consumer banking unit of CIMB Group in 2012 rose 23.9% to RM 2.323 billion,” he said.
PT CIMB Niaga Tbk (BNGA) to contribute pre-tax profit by 34% to CIMB Group. 2015 is expected to increase to 40%.
“I think 2015 could be 40 percent,” said Razak.
Even so, the Group has no plan to add an injection of capital into CIMB Niaga. “If Mr. Arwin capital may ask, but I think it has been pretty,” he continued.
Nazir said the target is given as see good prospects in the banking market in Indonesia.
“We see the ratio, very attractive. Terms of the macro-economy is also growing rapidly. Macro management and banking regulation is good,” said Nazir.
On the same occasion, President Director of CIMB Niaga, Arwin Rasyid, said CIMB Niaga has committed to continue to develop products and services micro and small enterprises (MSEs) in Indonesia while maintaining good credit quality.
“Our initiative is in line with Bank Indonesia regulations that establish bank credit portfolio in the MSE sector by 20 percent in stages by 2018,” said Arwin.
Responding to these rules, the CIMB Group is also committed to undergo such a rule.
“The rule is good, we will obey it,” he continued.
PT Bank CIMB Niaga Tbk recorded a consolidated net profit (unaudited) of Rp 1.05 trillion as of March 31, 2013, an increase of 12% compared to the net income in the same period in 2012 amounting to Rp 937 billion.
This results in a net profit growth of earnings per share (EPS) amounted to USD 41.94, greater than the figure in the same period last year of Rp 37.26.
CIMB Niaga’s net profit increase was contributed by the increase in operating income and a decrease in provision expense, along with the total credit growth and asset quality improved.
In the first quarter of 2013, managed to keep its position as the fifth largest bank, with total assets of Rp 217.46 trillion as of March 31, 2013, grew 26% compared to the first quarter of 2012 amounted to Rp172, 68 trillion.
As of March 31, 2013, CIMB Niaga has distributed a total gross loans amounted to Rp 147.06 trillion, up 13% from the same period in 2012 amounted to Rp 129.83 trillion.
Along CIMB Niaga step in mobilizing public funds, total deposits (deposits) grew by 26% to Rp 167.32 trillion, compared to the prior year period which amounted to Rp 133.23 trillion, which is supported by the growth of CASA (Current Account Savings Account) by 31% to Rp 77.73 trillion.
In terms of credit quality, the ratio of non-performing loans (non-performing loans) CIMB Niaga’s gross per March 31, 2013 stood at 2.41%, a decrease of 28 basis points compared to the first quarter of 2012 amounted to 2.69%.
President Director of CIMB Niaga, Arwin Rasyid said of CIMB Niaga’s total loan portfolio in the first quarter of 2013, the Commercial Banking contributed the largest value of Rp 59.60 trillion (40%), followed by Consumer Banking amounted to Rp 45.09 trillion (31%), and Corporate Banking at Rp 42.37 trillion (29%).
“Personal Loan and Micro business rate became the highest growth, respectively 75% and 56%. As of March 31, 2013, Personal Loan managed loan portfolio to Rp 1.07 trillion, and a big four bank Personal Loan largest dealer Indonesia, “Arwin said in a press release on Monday (29/04/2013).
While, micro-lending rate has amounted to Rp 2.29 trillion as of March 31, 2013, grew 56% over the same period last year. Micro business growth rate is in line with Bank Indonesia regulations that require banks to continue to increase the share of SME loans (SMEs) by 20% of the total loan portfolio in stages until 2018.
Sharia (UUSs) CIMB Niaga also recorded good growth. As of March 31, 2013, UUS CIMB Niaga has disbursed Rp 8 trillion, an increase of 135% yoy. Rahn also recorded growth businesses (mortgage) which surged 114% to Rp124 billion compared to the same period in 2012.