CIMB Niaga posts higher 1H net profit of RM614m

PT Bank CIMB Niaga Tbk’s net profit rose by 11.2% in the first half ended June 30, 2021 (1H, FY21) to 2.1 trillion rupiah (RM614mil).

KUALA LUMPUR: PT Bank CIMB Niaga Tbk’s net profit rose by 11.2% in the first half ended June 30, 2021 (1H, FY21) to 2.1 trillion rupiah (RM614mil) due to higher operating income while operating expenses were generally flat.

The bank, which is a 92.5% indirectly held subsidiary of CIMB Group Holdings Bhd, said on Friday the unaudited consolidated net profit of 2.1 trillion rupiah translated to earnings per share of 85.54 rupiah.