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Malaysia's CIMB Q2 net profit falls 33%

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CIMB Group Holdings Bhd, Malaysia's second largest bank by assets, posted a 32.6 per cent plunge in its second-quarter net profit and said the outlook for the rest of the year remained cautious amid regional economic uncertainties.

[KUALA LUMPUR] CIMB Group Holdings Bhd, Malaysia's second largest bank by assets, posted a 32.6 per cent plunge in its second-quarter net profit and said the outlook for the rest of the year remained cautious amid regional economic uncertainties.

Net profit was 639.8 million ringgit (S$214.97 million) in the April-June period, compared with 949.9 million ringgit a year earlier, CIMB Group said on Friday.

Revenue rose 12.3 per cent from a year ago to 3.83 billion ringgit.

REUTERS

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