Tigor M. Siahaan
PETALING JAYA: PT Bank CIMB Niaga Tbk, the Indonesian unit of CIMB Group
Holdings Bhd, recorded a 15% year-on-year (y-o-y) higher net profit of 1.58 trillion rupiah in the first half of financial year 2018 (H1’18).
In a filing with Bursa Malaysia yesterday, CIMB Group said that the earnings growth of its 92.5% indirectly held subsidiary was primarily because of the increase in non-interest income and the decline in provision expenses.
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