KUALA LUMPUR: CIMB Group
Holdings Bhd’s net profit slipped 8.7% to RM1.19bil for the first quarter ended March 31 (1Q19) compared with RM1.3bil in the same quarter last year in the absence of one-off disposal gain last year.
The bank group reported a pre-tax profit (PBT) of RM1.6bil during the quarter, down 8% year-on-year (y-o-y) due to lower operating income and a 7.5% increase in operating expenses, partially offset by a 25.2% y-o-y decline in loan loss provisions.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
