[REVISION HISTORY]
CIMB Niaga business expansion and structural changes
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2026-10-16 07:34 UTC → 2026-10-23 02:29 UTC ·
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CIMB Niaga has reported significant growth in Indonesia, specifically noting a 65% year-on-year increase in QRIS transactions via its OCTO digital platform and a 68% surge in electric vehicle financing through CIMB Niaga Auto Finance. Following these growth trends, the Indonesian Financial Services Authority (OJK) is overseeing the bank’s transition to spin off its Sharia business unit into a separate entity, PT Bank CIMB Niaga Syariah. The OJK Executive Head of Banking Supervision Dian Ediana Rae stated that the regulator is monitoring this process to ensure the operational readiness of the spin-off to ensure it does not negatively impact customer experience and sustainability. that the resulting Sharia bank operates “healthily and sustainably.” The effective operational date will be set once preparations meet regulatory standards. Concurrently, OJK is developing a broader policy framework to encourage banking consolidation among digital and KBMI I banks to improve capital strength and competitiveness. This initiative aims to help banks navigate rapid digitalization and maintain financial stability.
Versions
- 2026-10-23 02:29 UTC CIMB Niaga business expansion and structural changes
- 2026-10-16 07:34 UTC CIMB Niaga business expansion and structural changes
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