CBP confident of hitting target

Datuk Baharom Embi said the pre-tax profit was achieved on the back of the bank’s move to diversify its products and streamline as well as improve its services over time

KUALA LUMPUR: Co-opbank Pertama Bhd (CBP) is confident that it will be able to achieve its pre-tax profit target of RM102mil this year – its highest achievement since its establishment.

Last year, the cooperative bank – which was established under the Cooperatives Act 1993 and jointly regulated by the Malaysian Cooperative Commission (SKM) – managed to achieve a pre-tax profit of RM86mil.