in terms of Assets, Loans,
CIMB Niaga at a Glance
PT Bank CIMB Niaga Tbk (CIMB Niaga) is the fifth largest bank in Indonesia in terms of assets, loans and customer funds. The Bank had a market capitalization of rp14 trillion and total assets of rp238.85 trillion as of 31 December 2015. CIMB Niaga provides a variety of complete and innovative products and services from consumer banking, MSME banking, commercial banking to corporate banking supported by the Treasury and Transaction Banking and the branchless banking network.
In addition, the Bank provides commercial and Sharia products and services thought its Sharia Business Unit, namely CIMB Niaga Syariah.
At the end of December 2015, CIMB Niaga received BBB international rating and AAA national rating from Fitch ratings.
CIMB Niaga was established on 26 September 1955 as PT Bank Niaga.
It became a public company following the listing of shares under ticker code BNGA with the Indonesia Stock Exchange on 29 November 1989. In 1987, CIMB Niaga became the first bank in Indonesia to launch services via the Automated Teller Machine (ATM) and in 1991 the first bank to provide online banking services.
CIMB Niaga is a result of the merger of Lippo Bank to CIMB Niaga in 2008.
The majority of shares, or 97.9%, are owned by the CIMB Group Sdn Bhd, which is the fifth largest universal bank in the ASEAN region with an extensive network in Malaysia, Singapore, Thailand and Cambodia,
CIMB Niaga at a Glance
Niaga in terms of the Bank’s well positioned in ASEAN regional network through the CIMB Group.
CIMB Niaga has one subsidiary engaged in auto financing, namely PT CIMB Niaga Auto Finance (CNAF), in which the Bank owns 99.99% of its shares. One of CIMB Niaga’s leading service is Transaction Banking, which offers a range of products and services, as well as a list of comprehensive solutions, for companies that manage their financial operations through both domestic and cross border transactions. The solutions include Cash Management products, remittances, Trade Finance and value Chain. With the iBizChannel @ CIMB Internet banking feature for the corporate segment, the Bank’s corporate customers can conveniently perform various transactions, including buying and selling foreign currency online, without having to visit a CIMB Niaga branch office. This capability has earned CIMB Niaga a number of prestigious awards in transaction banking and FX, where the Bank has been recognized as the best cash management bank, best trade finance bank, and the Leading FX Provider in Indonesia.
CIMB Niaga’s Cash Management continues to produce innovative products and services to meet the needs of its customers. The Bank’s products and services are supported by its IT infrastructure, which ensures security, stability and the best possible services for customers.
CIMB Niaga’s Trade Finance is supported by 150 trade desks spread throughout Indonesia. With the support of the CIMB Group, the Trade Finance unit is able to provide competitive services, which have secured the Bank a strong position in the ASEAN region.
In terms of remittance business, CIMB Niaga’s services are accessible through a network of over 800 branches as well as through branchless banking. Through the Bank’s cooperation with numerous financial institutions, both nationally and internationally, CIMB Niaga’s cross- border remittance services provide more than 130 foreign currencies. The Bank offers same day service for several major currencies as well as competitive
To realize CIMB Niaga’s aspiration of becoming the leader in digital banking, the Bank remains focused on the development of branchless banking through the optimisation of cutting edge technology as well as an emphasis on customer experience – the qualities that distinguish the Bank in the market and identify CIMB Niaga’s digital banking services as one of the most comprehensive in the national banking industry. The Bank’s Branchless banking services include: Phone Banking services 14041, Preferred Phone Banking 500 800, Go Mobile mobile banking, CIMB Clicks internet banking, Digital Lounge and rekening Ponsel. rekening Ponsel is an innovative service that allows customers to transfer money to a mobile phone number without being required to have bank account. CIMB Niaga is the first bank in Indonesia to offer these products and services.
In addition, CIMB Niaga has access to a variety of national and regional ATMs, among others, through the network of ATM Prima, ATM Bersama, Cirrus, vISA and MEPS. This gives customers flexibility and convenience when making ATM transactions, both in Indonesia and in the ASEAN region.
All of CIMB Niaga’s programs and strategies reflect the Bank’s brand positioning of “Innovation from the Heart”. This is the spirit that underpins CIMB Niaga’s commitment in putting customers at the center of its focus when delivering the best products, services, and processes.
In 2015, CIMB Niaga continued to innovate in line with its aspiration to be recognized as the leading digital bank by launching OctoPay. This platform of secure and reliable banking transaction services is delivered through cooperations with Facebook and MasterCard Indonesia.
As of 31 December 2015, CIMB Niaga operated 826 offices in its operational network, 3,365 units of ATM, 203 Self-Service Terminal/SSTs, and 715 Cash Deposit Machines/CDMs, supported by 13,577 employees throughout Indonesia.