CIMB Group expects CIMB Niaga to record better performance (Update)


KUALA LUMPUR: CIMB Group expects its consumer banking arm in Indonesia PT Bank CIMB Niaga Tbk (CIMB Niaga) to perform better this year and to at least match the industry’s average loan growth in the country.

CIMB Niaga president director and CEO Arwin Rasyid said on Tuesday that 2013  was a challenging year amid the political elections but with favourable economic conditions this year, he expected the bank to perform better.

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