In a filing to Bursa Malaysia, CIMB Niaga president director Tigor M. Siahaan said the bank managed to achieve a double-digit net profit growth for the quarter despite the challenging environment from the Covid-19 pandemic.
KUALA LUMPUR: CIMB Group
Holdings Bhd’s indirectly-held subsidiary, PT CIMB Niaga Tbk’s (CIMB Niaga) unaudited consolidated net profit rose 11.8% year-on-year to 1.1 trillion rupiah in the first quarter ended March 31 (1Q20) from 944.18 billion rupiah a year ago, driven by higher non-interest income and lower operating expenses.
In a filing to Bursa Malaysia, CIMB Niaga president director Tigor M. Siahaan said the bank managed to achieve a double-digit net profit growth for the quarter despite the challenging environment from the Covid-19 pandemic.
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