CIMB Niaga posts 29.5% jump in pre-tax profit

CIMB Niaga president director Lani Darmawan

KUALA LUMPUR: CIMB Group Holdings Bhd 's 92.5% indirectly held Indonesian subsidiary PT Bank CIMB Niaga Tbk (CIMB Niaga) reported a 29.5% year-on-year (YoY) jump in pre-tax profit to 2.0 trillion rupiah (about RM607mil) in the first quarter, translating to earnings per share of 63.42 rupiah.

“We have begun 2023 by delivering another strong quarter with good performance for all business segments, on the back of solid loan growth and improved underlying asset quality indicators,” president director Lani Darmawan said in a statement.