Translate This Page

Wednesday, August 24, 2011

Record profit for CIMB (BT)

CIMB Group Holdings Bhd's second-quarter net profit rose by 9.1 per cent to a record but the banking group, the country's second largest, is growing increasingly cautious amid a weakening global economy.

"We have re-strategised for volatile financial markets and slower economic growth in the region," group chief executive Datuk Seri Nazir Razak said at a results briefing here late yesterday.

Net profit came in at RM970 million compared with RM889.5 million in the same quarter a year ago, underpinned by a strong uplift from the Malaysian consumer banking operations and continued high growth at its Indonesian bank, CIMB Niaga.

Revenue came in flat at RM2.96 billion.

Read more: Record profit for CIMB

No comments: