The Business Times

Malaysia's CIMB Q3 net profit slides 16%

Published Tue, Nov 18, 2014 · 10:30 AM
Share this article.

[KUALA LUMPUR] CIMB Group Holdings Bhd , Malaysia's second-largest bank, announced on Tuesday a 16 per cent fall in third-quarter net profit, mainly dragged by higher loan impairments at its Indonesia operations.

Net profit for the July-September period dropped to 890 million ringgit (US$265.35 million) from 1.06 billion ringgit for the same quarter a year earlier, it said in a statement.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here