Steady outlook expected for CIMB Niaga from 2H

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Steady outlook expected for CIMB Niaga from 2H

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Astro AWANI

457 Views • Dec 06, 2017

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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.