KUALA LUMPUR: CIMB Group
Holdings Bhd, Malaysia’s second largest lender by assets, said an improvement in its non-performing loans in Indonesia and Thailand made it “optimistic” about next year’s prospects.
The bank has seen the peak in provisions against problem loans at its Indonesian unit while the loan book in Thailand is already improving, CIMB chief executive officer Tengku Zafrul Abdul Aziz said.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
