Steady outlook expected for CIMB Niaga from 2H
- 6 years ago
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Banking group CIMB's Indonesian arm CIMB Niaga saw a 92.4 per cent plunge in its net profit for the first quarter of 2015 to 83 billion Rupiah due to a spike in provisions.
Affin Hwang Capital said that the headwinds may start ebbing in the second half but there were no meaningful re-rating catalysts in sight for the bank.
Banking group CIMB's Indonesian arm CIMB Niaga saw a 92.4 per cent plunge in its net profit for the first quarter of 2015 to 83 billion Rupiah due to a spike in provisions.
Affin Hwang Capital said that the headwinds may start ebbing in the second half but there were no meaningful re-rating catalysts in sight for the bank.