PT Bank CIMB Niaga Tbk is planning to conduct bonds issuance worth IDR2
trillion in October. The proceeds will be used to support credit
expansion.
The proceeds will be used to support credit expansion that is expected to reach 18% in 2012. CIMB Niaga has issued bonds several times and the last done in November 2011. At the moment, the bonds worth IDR1, 5 billion with a tenor of 3 and 5 years.
CIMB Niaga noted 18% credit growth until June 2012 toIDR137.46 trillion than last year, smaller than average banking industry at 28%.
Company’ net profit rose 29.22% to IDR1.99 trillion than IDR1.54 trillion on the same period last year amid hike in net interest income by 23.84% to IDR4.68 trillion from IDR3.79 trillion
The proceeds will be used to support credit expansion that is expected to reach 18% in 2012. CIMB Niaga has issued bonds several times and the last done in November 2011. At the moment, the bonds worth IDR1, 5 billion with a tenor of 3 and 5 years.
CIMB Niaga noted 18% credit growth until June 2012 toIDR137.46 trillion than last year, smaller than average banking industry at 28%.
Company’ net profit rose 29.22% to IDR1.99 trillion than IDR1.54 trillion on the same period last year amid hike in net interest income by 23.84% to IDR4.68 trillion from IDR3.79 trillion
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