Business · Companies · 13 hrs ago
CIMB Niaga Says It Has Not Decided Whether to Leave Indonesia’s Stock Exchange
CIMB Group is reportedly exploring a delisting of CIMB Niaga from the Indonesia Stock Exchange.
CIMB Niaga chief Lani Darmawan says no decision has been made, and the bank is assessing several options.
The speculation follows a research note that said the parent group considers the bank’s shares undervalued and views Indonesia’s long-term prospects positively.
Options reportedly include selling shares to a strategic investor, relisting through an IPO, or taking the bank private; the note also discussed ways minority shareholders might retain a stake.
The bank says it remains committed to following regulations and consulting with authorities as it weighs its choices.
CIMB Niaga shares rose 10.97% during trading on October 21, but that rise does not establish a link to the delisting speculation.
CIMB Niaga President Director Lani Darmawan said the bank has not decided whether to delist from the Indonesia Stock Exchange.
She said the bank is assessing several strategic options, complying with regulations and consulting with regulators.
Reports cited by Indonesian media said parent CIMB Group was exploring a possible delisting of its Indonesian subsidiary.
CIMB Investment Bank reportedly linked the exploration to its view that CIMB Niaga shares are undervalued and to rules on public share ownership.
CIMB Niaga shares rose 10.97% to Rp1,720 on October 21, 2026, but the report said the rise could not be attributed directly to delisting speculation.
- Who
- CIMB Niaga, its parent CIMB Group Holdings Bhd, and CIMB Investment Bank Bhd.
- What
- CIMB Niaga said it has not decided whether to delist from the Indonesia Stock Exchange and is assessing options.
- When
- October 21, 2026.
- Where
- Indonesia, at the Indonesia Stock Exchange.
- Why
- CIMB Investment Bank reportedly cited undervalued shares and public shareholding requirements as factors in exploring options.
CIMB Investment Bank's reported exploration
CIMB Niaga President Director Lani Darmawan
Delisting decision
CIMB Investment Bank's reported exploration
The bank is reportedly exploring delisting as one strategic option.
CIMB Niaga President Director Lani Darmawan
No decision has been made; the bank is still assessing options.
CIMB Group CEO Novan Amirudin said the weaker rupiah made it a timely moment for long-term investors to enter Indonesia.
Reports said CIMB Group was exploring a possible delisting of CIMB Niaga.
Lani Darmawan said CIMB Niaga had not decided whether to delist and was assessing several options.
CIMB Niaga shares were reported at Rp1,720, up 10.97% from the previous close.
- Bank
- PT Bank CIMB Niaga Tbk. (BNGA)
- Parent company
- CIMB Group Holdings Bhd
- Exchange
- Indonesia Stock Exchange (BEI)
- Share price
- Rp1,720 at 15:49 WIB on October 21, 2026
- Daily change
- Up Rp170, or 10.97%, from Rp1,550
- Stake
- CIMB Group was reported to hold 92.5% of CIMB Niaga
3 sources
What people are saying
Tidak. Kami saat ini masih melakukan asesmen terhadap beberapa opsi, dan komitmen kami untuk mematuhi peraturan. CIMB Niaga selalu berkonsultasi dengan regulator
CIMB mencatat adanya berbagai opsi untuk melakukan delisting, termasuk skema yang memungkinkan pemegang saham minoritas untuk tetap memiliki sisa kepemilikan saham setelah proses delisting selesai. Hal ini merujuk pada preseden pengaturan kepemilikan saham minoritas yang pernah diterapkan pada CIMB Thai dan CIMB Bank Malaysia
Nah, rupiah sedang rendah saat ini. Jadi bagi investor yang melihat potensi jangka panjang di Indonesia, tentu ini adalah waktu yang tepat untuk masuk. Tetapi kami bukan investor jangka pendek