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Summary: PT Bank CIMB Niaga Tbk Dec 08 Product Image

Summary: PT Bank CIMB Niaga Tbk Dec 08

  • Published: December 2008
  • Standard & Poors

Abstract
The public information ratings on PT Bank CIMB Niaga Tbk (CIMB Niaga) factor in the support available to the bank as a result of its strategically important subsidiary status within Malaysia-based CIMB group, which is dominated by CIMB Bank Bhd. (BBB+/Stable/A-2). On a standalone basis, the ratings take into consideration CIMB Niaga's improved market position as the sixth-largest commercial bank in terms of assets in Indonesia after its recent merger with PT Lippo Bank Tbk (Bank Lippo), and its adequate capitalization and profitability. The credit profile of CIMB Niaga is constrained by the high-risk environment in which the bank operates, and its weak asset quality by international standards. Standard & Poor's regards CIMB Niaga as a strategically important entity within...

Companies mentioned in this report are: PT Bank CIMB Niaga Tbk. (Unsolicited Ratings),Indonesia (Republic of),CIMB Bank Bhd.
Action: Review

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PT Bank CIMB Niaga Tbk. (Unsolicited Ratings),Indonesia (Republic of),CIMB Bank Bhd.

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