Tuesday, 15 November 2011

CIMB Group Q3 net profit up 10.5%

Malaysia’s second largest lender CIMB Group Bhd reported on Tuesday higher third quarter earnings on the back of improvements in its consumer banking and treasury businesses.

CIMB said its third quarter profit of RM1.01 billion was 10.5 per cent higher than the RM916 million profit reported in the year-ago quarter.

The bank’s result fell slightly short of a RM1.11 billion profit estimate provided by an analyst tracked by Thomson Reuters I/B/E/S. - Reuters



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