CIMB posts higher first-half earnings

CEO Abdul Rahman said the savings competition is not as intense in the Thailand and Indonesia markets.

KUALA LUMPUR: CIMB Group Holdings Bhd expects pockets of competition in the fixed deposit market in the quarters ahead, albeit at a more subdued pace.

“In terms of our overall margins, the second quarter (2Q) saw a contraction of two basis points so this shows that competition is still coming through in the 2Q.