CIMB Niaga earnings jump more than 200% to RM80mil

JAKARTA: PT Bank CIMB Niaga Tbk posted a net profit of 269 billion rupiah (RM79.8mil) for the three months ended March 31, representing a 224.1% year-on-year (yoy) growth, translating to an earnings per share (EPS) of 10.69 rupiah.

The improved net profit came on the back of a 1.4% yoy increase in net interest income and a 18.5% yoy rise in non-interest income, mainly due to improved foreign exchange and capital market businesses.