“This performance is attributed to higher margins, an increase in fee income and a flat operating cost, ” president director Tigor M. Siahaan (pic) said.
KUALA LUMPUR: PT Bank CIMB Niaga Tbk (CIMB Niaga) posted an unaudited consolidated net profit of 996 billion rupiah (RM283mil) in the first quarter of 2021, translating to earnings per share of 39.95 rupiah.
“CIMB Niaga garnered a strong growth in operating income and pre-provisioning operating profit of 8.3% year-on-year (y-o-y) and 16.1% y-o-y respectively in the first quarter, bringing us to pre-Covid-19 profitability levels and return on equity (ROE) of 10.5%.
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