CIMB gets boost from Indonesia


Turnaround signs: Tigor expects a gradual improvement in the group’s performance during the second half.

PETALING JAYA: CIMB Group Holding Bhd’s shares rallied following the release of its Indonesian unit PT Bank CIMB Niaga Tbk’s results which showed a significant improvement in its financial metrics.

However, analysts cautioned that Indonesia’s weak credit environment remained a key concern going forward.

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Business , cimb , niaga , finance

   

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