CIMB sees worst over for Indonesian unit after 1QFY15
- 6 years ago
CIMB Group Holdings said that asset quality concerns that have bogged down the performance of its 97.94 per cent -owned Indonesian unit pt bank CIMB Niaga for its financial year 2014 will improve after the first quarter of this year.
CIMB saw its net profit plunge 80.7 per cent for its fourth quarter ended Dec 31st, 2014 to 200.32 million ringgit from 1.04 billion ringgit a year ago.
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CIMB saw its net profit plunge 80.7 per cent for its fourth quarter ended Dec 31st, 2014 to 200.32 million ringgit from 1.04 billion ringgit a year ago.
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