CIMB Group Holdings Bhd's 92.5% subsidiary PT Bank CIMB Niaga Tbk today reported an 11.8% rise in net profit to IDR1.98 trillion (RM580.82 million) in its first half of 2019 (1H19) from IDR1.78 trillion in the previous year.
In a press statement, CIMB Niaga said the improved net profit came on the back of a 5.5% increase in net interest income (NII) to IDR6.32 trillion from IDR5.99 trillion, and a 2% y-o-y decline in provision expenses