CIMB Niaga said structured products sales are one of the better opportunities to increase non-interest income within the foreign exchange and Indonesian currency bond markets. The firm also expects to see a pick-up in equity capital market activity.
The news comes as Malaysia's CIMB Group, which owns 78.3% of Niaga, announced a successful 2009. Profits are up 131% to IDR1.57tr ($168m), mostly due to higher interest income and gains in the fair value of marketable securities.
The group, which aims to be South-East Asia's largest universal bank, is expected to focus on Indonesia in the coming year.