Integrity is Everything
M. Stock Exchange where the Company’s stock is listed Indonesia Stock Exchange
Indonesia Stock Exchange Building, Tower I Jl. Jend. Sudirman Kav. 52-53
Jakarta 12190 – Indonesia N. Share Registrar
PT Sirca Datapro Perdana Wisma Sirca
Jl. Johar No. 18 - Menteng Jakarta Pusat – Indonesia O. Public Accounting Firm
The Public accounting Firm, Tanudiredja, Wibisana & Co (affi liation of PriceWaterHouseCoopers in Indonesia) Plaza 89
Jl. HR Rasuna Said Kav. X-7 No.6 Jakarta 12940 – Indonesia
Subsidiaries / Associate Entities
PT CIMB Niaga Auto Finance Profi le
PT CIMB Niaga Auto Finance (formerly known as PT Saseka Gelora Leasing) was established in 1981 running mostly a leasing business. PT Bank CIMB Niaga Tbk began with partial ownership of PT CIMB Niaga Auto Finance as it acquired shares of the company. In line with the company’s extended business scope in 1993 to multi fi nance covering consumer fi nancing, factoring and leasing, the name of the company changed to PT Saseka Gelora Finance (SGF). The ownership portion of by PT Bank Niaga Tbk to PT SGF was increased to 93.6% in 2006 and up to 96%
in 2007. Following the merger of PT LippoBank Tbk into PT Bank Niaga Tbk in 2008, the ownership to SGF was transferred to PT Bank CIMB Niaga Tbk.
The transformation of SGF began on 6 October 2009 when PT Bank CIMB Niaga Tbk executed its plan to expand into the multi fi nance business in Indonesia. The transformation has changed the Company’s business focus from Leasing to Consumer Financing, especially car loans.
In 2010, PT Bank CIMB Niaga Tbk increased its ownership to 99.9% leaving the remaining 0.01% shares owned by PT Niaga Management Citra (NMC). In June 2010, PT Saseka Gelora Finance changed its name to PT CIMB Niaga Auto Finance followed by the change of its logo.
Currently, PT CIMB Niaga Auto Finance has 69 branches consisting of 50 branches for four wheeler fi nancing business and 19 branches for two-wheeler fi nancing business, including in Jakarta, West Java, Central Java, East Java, Bali, Sulawesi, Borneo and Sumatra.
Vision
CIMB Niaga Auto Finance’s vision is to be a prominent fi nance company in Indonesia through creating additional value and providing the best service for customers and business partners.
Mission
CIMB Niaga Auto Finance is committed to be an outstanding Auto Finance Company who delivers best value to stakeholders, through excellent services to customers, strong mutual relationships with business partners, excellent people and contribute to communities.
Management Structure of PT CIMB Niaga Auto Finance
Board of Commissioners
President Commissioner: Samir Gupta Commissioner: Abdul Karim MD. Lassim Commissioner: Wan Razly Abdullah
Independent Commissioner: Serena K. Ferdinandus Independent Commissioner: Hidayat Dardjat
Directors
President Director: Rahardjo S. Unggul Vice President Director: Hendra Sugiharto Director of Sales & Marketing: Triyuga Satyawan Director of Operations: Damianus L. Hufat Director of Collections: Zainudin Samaludin Director of Risk Management: Iman Pribadi Rahardjo S. Unggul
President Director
PT Kencana Internusa Artha Finance Profi le
PT Kencana Internusa Artha Finance (KITA Finance) is a multifinance company, with 51% of its shares owned by CIMB Niaga. Focused on vehicles fi nancing, this multifi nance company was previously known as PT Primus Financial Services established on 20 July 1995. Now, KITA Finance operates through 16 branches over Indonesia among other locations in Jakarta, Bandung, Cirebon, Solo, Yogyakarta, Semarang, Surabaya, Malang, Denpasar, Medan, Palembang, Makassar, and Balikpapan.
Vision
To be the leading fi nancing company by profi tability in the category of companies with asset ranging from Rp1 – Rp10 trillion.
Mission
KITA Finance prides itself in bringing the best service to our valued customers (stakeholders) based on our shared values, CITA (Customer Satisfaction, Integrity, Teamwork, Accountability)
MN. Arief Setiabudi
President Director
Management Structure of PT KITA Finance Board of Commissioners
President Commissioner: Wan Razly Abdullah Vice President Commissioner: Naoto Itakura Commissioner: Abdul Karim MD. Lassim Commissioner: Yukinobu Nagami Directors
President Director: MN. Arief Setiabudi Director: Harijanto
Scope of Business
KITA Finance provides fi nancing for new, used, commercial, individual cars and fl eets.
Financial Performance
In line with the growing automotive industry, KITA Finance posted positive results with an outstanding loans growth of 28% and high profi tability.
Subsequent Event 2013
Based on Letter of PT Bank CIMB Niaga Tbk No. 001/DIR/IX/2013 dated 23 September 2013 to Financial Services Authority (FSA) about Disclosure Of Information that Must Be Immediately Announced To The Public, the Company informed about a Conditional Share Purchase Agreement was signed on 23 September 2013 between PT Bank CIMB Niaga Tbk, Marubeni Corporation, PT Marubeni Indonesia, and PT Niaga Manajemen Citra, effective on 26 February 2014; so the composition of shareholder of KITA Finance is as follows:
Before After
Shareholder % Shareholder %
PT Bank CIMB Niaga Tbk 51.0 PT Bank CIMB Niaga Tbk 99.9
Marubeni Corporation 44.0 PT Niaga Management Citra 0.1
PT Marubeni Indonesia 5.0
CIMB Group Holdings Berhad
CIMB Group Holdings Berhad (CGHB) is the listed company of the CIMB Group. CGHB has been listed on the main market of Bursa Malaysia since 1987 and was one of the largest companies at the end of 2013 with a market capitalisation of about RM58.9 billion. The total assets at the end of 2013 were approximately RM370.9 billion, with total shareholders’ funds of around RM30.3 billion and total funds under management of approximately RM52.9 billion. Major shareholders at the end of 2013 were Khazanah Nasional with 30.1%, Employees Provident Fund (EPF) with 15.9%, Kumpulan Wang Persaraan (KWAP) with 2.6% and Mitsubishi UFJ Financial Group with a 5.0% stake held by Bank of Tokyo-Mitsubishi UFJ.
CIMB Group
CIMB Group is a regional universal bank located in ASEAN and key markets beyond. The group is headquartered in Kuala Lumpur, Malaysia and it offers consumer banking, investment banking, treasury and markets, asset management, Islamic banking and insurance products and services. It is the seventh largest banking group by assets in Southeast Asia and it had over 40,000 staff and 13 million customers at the end of 2013.
The Group’s consumer banking network is the widest in the region, with 1,056 retail branches in Malaysia, Indonesia, Singapore, Thailand, Cambodia and the United Kingdom. The Group also has substantial wholesale banking operations and is the largest Asia-Pacifi c based investment bank (ex-Japan) with offi ces in ASEAN’s main markets and in Sydney, Melbourne, Hong Kong, Shanghai, Mumbai, Colombo and Bahrain and securities businesses in London and New York.
Products and services are complemented by partnerships with various leading companies including the Principal Financial Group, Bank of Tokyo-Mitsubishi UFJ, Aviva Insurance, Sun Life Assurance, Allianz Insurance, Thai Life Insurance, Sri Ayudhya General Insurance, and Mapletree Investments.
CIMB Group operates its business through three main brand entities, CIMB Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group also owns 96.9% of CIMB Niaga in Indonesia, and 93.7% of CIMB Thai in Thailand.
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CIMB Group Financial Statement
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