The General Meeting of Shareholders (AGMS) of PT CIMB Niaga Auto Finance (CIMB Niaga Finance or the Company) approved the distribution of cash dividends of IDR 129.64 billion or 30% of CIMB Niaga Finance’s net profit for the 2023 financial year, namely IDR 432.14 billion.
The company has consistently provided dividends for the last five years. The remaining net profit after deducting cash dividend payments is recorded as retained earnings to finance the Company’s business activities.
“In 2023, CNAF will record good growth, this result is a manifestation of the company’s commitment and responsibility in providing results or added value to all CNAF shareholders,” said CNAF President Director Ristiawan in Jakarta, Monday (01/4).
Ristiawan also said that by the end of 2023, CNAF recorded credit realization reaching IDR 8.94 trillion, an increase of 14% compared to 2022, namely IDR 7.87 trillion. This increase is one of the pillars of increasing company revenue.
Apart from that, he said, CNAF recorded net profit growth of 31% to IDR 432.14 billion throughout 2023 from IDR 329.84 billion in 2022. Total assets in 2023 amounted to IDR 8.37 trillion, an increase of 31% compared to total assets in 2022 of IDR 6. 40 trillion.
The AGMS which was held at the Griya Niaga Building, Bintaro Sector 7, South Tangerang, also resulted in several decisions such as approving the Company’s Annual Report for the 2023 Financial Year regarding the condition and running of the Company for the 2023 financial year including the Board of Commissioners’ Supervisory Duties Report regarding the results of monitoring performance. Board of Directors implemented during the 2023 financial year.
Also read: CIMB Niaga’s Profit Before Tax Reaches IDR 8.4 Trillion
At the same time, the AGMS decided on the Company’s Financial Report for the 2023 financial year, which has been audited by the Tanudiredja, Wibisana, Rintis & Rekan Public Accounting Firm according to its report dated March 14 2024 with the opinion “The Financial Report is presented fairly in all material respects, financial position PT CIMB Niaga Auto Finance on 31 December 2023, as well as its financial performance and cash flow for the year ended on that date, in accordance with Indonesian Financial Accounting Standards.
Changes in the board of directors
Apart from that, the AGMS also announced that it approved changes to the composition of the company’s Board of Directors and Board of Commissioners with the end of the term of office of Kurniawan Kartawinata as a member of the Company’s Board of Directors and Cheong Chee Wai as a member of the Company’s Board of Commissioners.
The meeting agenda also provides for repayment and release of full repayment and release of responsibility (fully acquires and charges) to Kurniawan Kartawinata and Cheong Chee Wai while serving as Board of Commissioners and Director of the Company.
Also read: CIMB Niaga Books Consolidated Profit Before Tax of IDR 6.3 trillion
The entire management and extended family of CIMB Niaga Finance would like to express their highest gratitude and appreciation to Kurniawan Kartawinata and Cheong Chee Wai for their dedication and achievements for the company. “He is a superior figure who is an example and role model for everyone.” said CNAF President Director Ristiawan.
The Company appointed Michael Angga as a member of the Company’s Board of Directors, Noviady Wahyudi as a member of the Company’s Board of Commissioners, effective since being declared to have passed the fit and proper test (fit & proper test) implemented by the Financial Services Authority (OJK).
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