Malaysia's CIMB posts 36 rise in quarterly profit

August 29, 2016 5:29 AM

28 0

KUALA LUMPUR Aug 29 Malaysia's second biggest bank CIMB Group Holdings Bhd posted a 36 percent jump in second-quarter profit due to higher net interest income, but said it will not be able to meet its loan growth and return on equity targets for the full year.

Net profit totalled 872.8 million ringgit ($216.31 million) for the quarter ended June, compared with 639.8 million ringgit in the same period a year ago. Two analysts had an average profit forecast of 695 million ringgit for the quarter, according to Thomson Reuters data.

Also read: ZTE shares rise in Hong Kong after clarification of U.S. bill impact

Read more

To category page