# 5
Since its establishment, CIMB Niaga has therefore undergone four (4) mergers, namely:
• On October 22, 1973 with PT Bank Agung.
• On November 30, 1978 with PT Bank Tabungan Bandung.
• On October 17, 1983 with PT Bank Amerta.
• On 1 November 2008, with PT Bank Lippo Tbk.
CIMB Niaga at A Glance
PT Bank CIMB Niaga Tbk was established on September 26, 1955 under the name of Bank Niaga.
In its early years, the main focus of Bank Niaga was to build core values and professionalism in the banking industry. As a result, Bank Niaga is widely known as a trusted provider of quality banking products and services. In 1987, Bank Niaga became the first bank in Indonesia to launch Automatic Teller Machine (ATM) services and in 1991 Bank Niaga became the first bank to provide online banking services to its customers.
Bank Niaga became a public company, listed on the Jakarta Stock Exchange and Surabaya Stock Exchange (now Indonesia Stock Exchange/IDX) in 1989. In 2002, CIMB Group Holdings Berhad (CIMB Group Holdings), acquired a majority stake in Bank Niaga from the Indonesian Bank Restructuring Agency (IBRA). In a separate transaction, Khazanah which is the majority shareholder of CIMB Group Holdings acquired majority ownership of Lippo Bank on 30 September 2005. In 2007, the ownership shares changed hands to CIMB Group as part of an internal reorganization to consolidate the activities of all subsidiaries under CIMB Group with a platform of universal banking.
The majority of CIMB Niaga shares, 92.5%, are owned directly and indirectly by CIMB Group Sdn Bhd, the fifth largest universal bank in ASEAN with an extensive regional network in the States of Malaysia, Singapore, Thailand, and Cambodia, among others.
As the controlling shareholder of Bank Niaga (CIMB Group) and Lippo Bank, in 2007 Khazanah determined that a merger was the best way to comply with the single presence policy (SPP) set by Bank Indonesia. This was the first SPP merger recorded in
Indonesia. In 2008, Bank Niaga changed its name to Bank CIMB Niaga.
This merger was a monumental step in the banking sector in Southeast Asia. It provides CIMB Niaga the advantage of connectivity into the ASEAN regional networks via the CIMB Group. Currently, CIMB Niaga is the fifth largest bank in Indonesia in terms of assets, loans and customer deposits, and a market capitalization of Rp21 trillion and total assets of Rp241.57 trillion in 2016.
CIMB Niaga provides a wide range of comprehensive and innovative products and services ranging from consumer banking, banking for Micro, Small and Medium Enterprises (SMEs), commercial banking, and corporate banking, supported by Treasury and Transaction Banking capabilities and a powerful network of branchless banking. CIMB Niaga offers commercial and sharia products and services through CIMB Niaga Syariah.
In 2016, the CIMB Niaga subsidiary, PT CIMB Niaga Auto Finance (CNAF), with an ownership share of 99.93%, engaged in the business of vehicle financing.
One of the advantages of CIMB Niaga is its Transaction Banking capability, which offers a variety of products and services as well as a comprehensive solutions for companies to manage their domestic and cross border financial operations and transactions. Those solutions include Cash Management, Remittance, Trade Finance and Value Chain. With internet banking features such as BizChannel@CIMB for the corporate market, corporate customers are provided with convenient access to process a wide variety of payment transactions and also purchase foreign currency online, without having to go to a CIMB Niaga branch office. These capabilities led CIMB Niaga to win several prestigious awards in the field of transaction banking and FX, as the best cash management bank, best trade finance bank and the Leading FX Provider in Indonesia.
CIMB Niaga at A Glance
CIMB Niaga Cash Management continues to produce innovative products and services that meet the needs of customers with the support of a strong IT infrastructure to maintain security, stability and excellent level of services for our customers. CIMB Niaga Trade Finance is supported by trade desks throughout Indonesia in order to reach all of our customers. With the support of CIMB Group, trade finance services are also able to provide competitive services and are gaining a very strong position in ASEAN.
In the remittance business, CIMB Niaga services can be accessed via a network of over 634 branches and also through branchless banking. Through cooperation with many financial institutions inside the country and abroad, cross border remittance services from CIMB Niaga provides more than 130 foreign currencies with same day service for some major currencies, and supported by competitive rates and a dedicated client service team.
CIMB Niaga continues to develop branchless banking by optimizing the utilization of cutting-edge technology with emphasis on the customer experience as a differentiator, this is done to realize the vision of making CIMB Niaga a leader in digital banking services.
Thus, CIMB Niaga bank has become one of the most complete banks in providing digital banking services for customers in the national banking industry.
CIMB Niaga’s branchless banking services include:
Phone Banking 14041, Preferred Phone Banking 500 800, mobile banking - Go Mobile, internet banking - CIMB Clicks, Digital Lounge and mobile accounts.
Mobile account is an innovative service that allows customers to transfer to a mobile phone number without having a bank account. CIMB Niaga is the first bank in Indonesia that have this range of products and services.
In addition, CIMB Niaga can also access a number of national and regional ATM networks, including among others the ATM Prima network, ATM Bersama, Cirrus, Visa and MEPS, all with the intention to provide customers with flexibility and convenient access to ATM transactions, both in Indonesia and in the ASEAN region.
All that is in line with the brand positioning of CIMB Niaga, “Innovation from the Heart” followed by
“FORWARD.” With the spirit of becoming a solution provider, CIMB Niaga is committed to providing customers a wide selection of innovative products, services and processes.
In 2016, CIMB Niaga is constantly innovating to achieve its aspiration to become the leading digital bank by launching credit card Wave n Go, the first credit card in Indonesia with a uniquely designed plastic credit card and sticker credit card incorporating contactless payment technology. CIMB Niaga Wave n Go cardholders simply hold the card near the contactless EDC (Electronic Data Capture) to make transactions in an easy and practical manner.
In 2016, the CIMB Niaga network was comprised of 634 offices with 3,865 ATMs, 189 Multi Function Devices/
MFD, as well as 769 Cash Deposit Machines/CDM supported by 13,185 employees across Indonesia.
The first bank that provide Online Banking service
1955 1991
2009
Established as PT Bank Niaga
• Strengthened its position as the fifth largest bank in Indonesia
• Completed the integration of systems and operations
• Posted net profit of Rp4.2 trillion
• Launch of new mobile banking platform – Go Mobile
• Issued Shelf Bonds I Tranche I of Rp2 trillion
• Launch of Phone Banking service 14041 (re-launch) and Preferred Phone Banking 500 800 with various leading features
• Posted net profit of Rp4.3 trillion
• Launch of Digital Lounge
• Launch of Rekening Ponsel
• Launch of Poin Xtra
• Issued Shelf Bonds I Tranche II of Rp1.45 trillion
• Launch of Net Banking – online account opening
2013
1973-1983
Merged with:
• Bank Agung in1973
• Bank Tabungan Bandung in 1978
• Bank Amerta in 1983
• Recorded net profit of Rp3.2 trillion
• Distributed interim dividend of Rp200 billion
• Issued Senior Bonds of Rp1.5 trillion
• Payment over Subdebt of USD200 billion
First bank to launch ATMs
1987
Initial Public Offering (IPO)