JAKARTA – PT CIMB Niaga Finance (CNAF), a subsidiary of PT Bank CIMB Niaga Tbk (BNGA), successfully recorded new financing totaling IDR 9.96 trillion throughout 2024.

This figure represents an 11.4% growth from IDR 8.94 trillion compared to the previous year (year-on-year/yoy).

“This achievement is equivalent to 110.7% of the target and demonstrates our commitment to continued growth,” said Ristiawan Suherman, President Director of CNAF, in an official statement on Friday (17/1).

As of December 2024, CIMB Niaga Finance's total assets reached IDR 10.53 trillion (unaudited), up 34% yoy from IDR 7.45 trillion (audited) in the previous year. Additionally, profit before tax (PBT) increased by 12% yoy from IDR 520 billion to IDR 583 billion in 2024 (unaudited).

CIMB Niaga Finance also maintained a Non-Performing Financing (NPF) ratio at 1.03% as of December 2024, significantly better than the industry average of 2.62% in September 2024.

For 2025, the company aims to achieve new financing of IDR 9.5 trillion, with a strategy centred on developing information technology and digitalization. Various digital innovations, such as the CNAF Mobile App, have been implemented to expedite the credit application process.

Additionally, the SCMS (Sales Control & Management System) was developed to monitor sales activities end-to-end. The company also launched the CNAF Partner Mobile platform to support partners, such as dealers and showrooms, in their business operations. (DK/ZH)