Nazir and Tengku Zafrul (left) at a press conference after CIMB’s AGM in Kuala Lumpur yesterday.
KUALA LUMPUR: CIMB Group
Holdings Bhd, which has been weighed down by its operations in Indonesia, expects PT Bank CIMB Niaga Tbk’s bottom line to improve going forward and an overall loan growth of 10% this year.
“The performance will be better in the second quarter as the provisioning will still be elevated and then significantly improve in the second half of 2015,” chairman Datuk Seri Nazir Razak said after the group’s AGM yesterday.
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