It is good news for Bank CIMB Niaga Tbk (BNGA) investors. BNGA’s net profit in the first semester of 2016 soared by 318% to 736 billion IDR. The profit surge is pushed by the escalation of net interest income to 5.85 trillion IDR and non-interest income to 1.46 trillion IDR.
Tigor M Siahaan, The President Director of BNGA, said that the decrease in the interest expenses by 12.2% to 4.8 million IDR increased the net interest income. There was an increasing foreign exchange and fixed income derivatives transactions which grew by 137.5%, sustained the rising non-interest income.
In Friday (29/7) trading, the stock price of BNGA rose by 1.1% to 910 IDR per level. (*)
| Bank CIMB Niaga Tbk Performance | |||
| In billions | |||
| Note | H1 2016 | H1 2015 | Changes |
| Credit | 175.340 | 180.820 | Down |
| Third-Parties Fund | 179.290 | 185.990 | Down |
| Net interest income | 5.813 | 5.546 | Up |
| Non-interest income | 1.464 | 1.18 | Up |
| Net Profit | 736 | 176 | Up |
| NIM | 5,47% | 5,08% | Up |
| NPL gross | 3,90% | 4,28% | Down |
| NPL net | 1,93% | 1,66% | Up |
| EPS | 29,29 | 7,02 | Down |
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