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CIMB NIAGA eyes US$5 billion export & import transaction

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JAKARTA: PT Bank CIMB Niaga Tbk is eyeing US$5 billion export and import transaction volume this year, 47.05% higher than last year realization at US$3.4 billion.

Up to March 2012, such service successfully booked US$1 billion-US$2 billion transaction value.

"To realize the target, the bank will provide facilities which enable the recording of foreign exchange export proceeds as long as customers keep their funds in the company," said Vice President Catherine Hadiman.

The 40% transaction growth will also boost fee-based income by 40%. Fee-based income comes from negotiation cost, letter of credit and foreign exchange. (T05/TW)
 

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