CIMB Niaga performs strongly

President director of CIMB Niaga, Tigor M. Siahaan

KUALA LUMPUR: CIMB Group Holdings Bhd’s 92.5% indirectly-owned subsidiary, PT Bank CIMB Niaga Tbk (CIMB Niaga), posted a 69% jump in unaudited consolidated net profit year-on-year (y-o-y) to 3.2 trillion rupiah (RM936mil) for the nine-month period of financial year 2021, bringing its performance to above pre-Covid-19 levels.

Outgoing CIMB Niaga president director Tigor M Siahaan said the stellar performance was achieved on the back of a strong operating income and well managed cost control. — Bernama