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FINANCIAL STATEMENT: CIMB Niaga books higher income by 38.4% in Q1

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JAKARTA: Malaysia-based PT Bank CIMB Niaga Tbk booked an increase of consolidated net income by 38.44% to IDR854.88 billion in the first quarter of 2012 from IDR617.48 billion in the same period of 2011.

 

The higher income was stimulated by the growth of operating revenue by 17.52% to IDR2.2 trillion from IDR1.87 trillion.

 

In addition, operating revenue (non interest) also soared 56.52% to IDR1.15 trillion from IDR739 billion.

 

The great performance was supported by the growth of credit disbursement business excluding Islamic-principal-based credit business, by 3.28% to IDR126.44 trillion from iDR122.42 trillion.

 

Meanwhile, the Islamic-principal-based credit disbursement grew 3.36% to IDR3.38 trillion from IDR3.27 trillion leading to higher total asset by 3.52% to IDR172.67 trillion. (t01/aph)

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