CIMB Q3 net profit jumps to RM1.02bil

CIMB Group Holdings Bhd is said to be hiring Rafe Haneef from HSBC Amanah Malaysia Bhd to lead its Islamic banking unit.

PETALING JAYA: CIMB Group Holdings Bhd’s (CIMB Group) net profit for the third quarter of financial year 2016 (3QFY16) was 13.4% higher year-on-year compared to Business-as-Usual (BAU) 3QFY15 net profit, driven by the PT Sun Life gain, higher non-interest income and lower operating costs, partially offset by an uptick in provisions.