PT Bank CIMB Niaga TBK ('CIMB Niaga') was established in 1955. It is currently the fifth largest bank in Indonesia by assets. BCHB became the majority shareholder in November 2002 after it acquired a strategic stake from the Indonesian Government via the Indonesian Bank Restructuring Agency (IBRA). CIMB Niaga is currently the second largest mortgage provider in Indonesia with a 10.3% market share..
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