CIMB Niaga Establishes NPL Asset Management Subsidiary, Injects Rp200 Billion Capital
PT Bank CIMB Niaga Tbk (BNGA) has established a new subsidiary that operates in the management of troubled loan assets. The new company is named PT Satyaguna Langgeng Capital (SL Capital). The establishment of the subsidiary was marked by CIMB Niaga’s capital injection of Rp200 billion. The transaction was completed on 3 March 2026.
Fransiska Oei, CIMB Niaga’s Director of Compliance/Corporate Secretary, said in a disclosure that SL Capital was established to actively participate in developing the secondary market for troubled loans in Indonesia, as well as in relation to improving banks’ financial ratios, to support the company’s business activities in particular and the banking sector in general.
The capital injection for SL Capital has obtained approval from the OJK through a letter dated 11 November 2025. The establishment of SL Capital was carried out through the signing of the deed of establishment on 19 January 2026 and has been registered at the Ministry of Law and Human Rights of the Republic of Indonesia with the issuance of the Registration Letter dated 27 February 2026.
The shareholders’ structure of SL Capital consists of CIMB Niaga 99.99925% and PT Commerce Kapital 0.00075% or equivalent to Rp1.5 million. The total paid-up capital amounts to Rp200,001,500,000.
Fransiska noted that the establishment of SL Capital is expected to have a positive impact on CIMB Niaga’s financial ratios. In the long term, SL Capital is expected to contribute positively to the company’s consolidated financial statements.
Furthermore, it was explained that the capital injection is not a Material Transaction under OJK Regulation No. 04/2020 on Material Transactions and Changes in Business Activities. Under Article 8 of OJK Regulation No. 42/POJK.04/2020 on Related Party Transactions and Conflicts of Interest, this transaction is an Affiliated Transaction without Conflicts of Interest. The transaction is exempt because it relates to business activities that generate CIMB Niaga’s revenue.