CIMB Niaga on a stronger foundation but faces a tougher road ahead

This article first appeared in The Edge Malaysia Weekly on November 6, 2023 – November 12, 2023

IT has been a long journey of change and transformation for PT Bank CIMB Niaga Tbk, the 92.5%-owned subsidiary of Malaysia’s CIMB Group Holdings Bhd.

Weighed down by asset quality issues previously, particularly in its corporate loan book, the sixth largest bank by assets in Indonesia has made…