CiMB Niaga has sustained its position as Indonesia
PETALING JAYA: PT Bank CIMB Niaga Tbk, the Indonesian banking arm of CIMB Group
Holding Bhd, posted a 46.5% drop in consolidated net profit of 2.3 trillion rupiah (RM648.3mil) for the year ended Dec 31, 2014, as the bank made provisions for bad loans and stepped up efforts to bring down cost.
Loan loss provision during the year shot up to 3.4 trillion rupiah, up by three-fold from a year ago.
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