CIMB H1 net profit up 35%, NIM to remain stable

29 Aug 2017 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd expects its net interest margin (NIM) to remain stable this year amid easing pressure on funding costs and liquidity concerns. The second-largest banking group by assets in Malaysia saw its NIM improve to 2.71% for the first six months of 2017 compared with 2.63% ...
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CIMB Group Q2 earnings up more than 26% to RM1.1b

28 Aug 2017 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd's earnings crossed the RM1bil mark in the second quarter ended June 30, 2017 on the back on firmer revenue and it declared a higher interim dividend of 12.5 sen. The banking group announched on Monday that its earming rose 26.3% to RM1.10bil from RM872.82mil a year ...
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Malaysia’s economic fundamentals remain strong

21 Aug 2017 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak expects the economic growth to ease in the second half of the year. “I think we should lower down our expectation for the second half of this year,” he said when asked on the economic growth. “If you look at analysts expectations, ...
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CIMB launches Biz123 to help SMEs get financial services

8 Aug 2017 - The Star Online
KUALA LUMPUR: A financial services platform together with a dedicated call centre equipped with relationship managers have been launched by CIMB Bank (M) Bhd to help small and medium enterprises (SMEs) get all their financial services from one source. Called Biz123, CIMB Group Holdings Bhd chief executive ...
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CIMB launches Biz123 to give SMEs a one-stop solutions support

7 Aug 2017 - The Star Online
KUALA LUMPUR: CIMB Bank (M) Bhd has launched a financial services platform together with a dedicated call centre equipped with relationship managers to help small and medium-scale enterprises (SMEs) get all their financial service needs from one source. CIMB Group Holdings Bhd chief executive officer ...
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Maybank IB upgrades CIMB to buy, ups target price to RM7.50

3 Aug 2017 - The Star Online
KUALA LUMPUR: Maybank Investment Bank Research has upgraded CIMB Group Holdings Bhd to a “buy” with a higher target price of RM7.50 from RM7 previously. “Maybank said it has raised CIMB’s earnings after taking into consideration its recent upgrade of CIMB Niaga’s earnings forecasts and improved credit ...
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FY17 will be another kitchen sinking year for Media Prima

2 Aug 2017 - The Star Online
KUALA LUMPUR: Media Prima Bhd’s impairment exercise on its 21.4% associate, Malaysian Newsprint Services (MNI), is negative surprise to FY17 earnings forecast, according to CIMB Research. Media Prima announced that it would undertake an asset impairment exercise on MNI for RM142.4mil due to a challenging ...
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CIMB Research positive on banks’ loan growth, asset quality

1 Aug 2017 - The Star Online
KUALA LUMPUR: CIMB Equities Research is positive on the improvement on the banking industry’s loan growth and asset quality in June 2017. However, it remains Neutral on the sector, due to the negative impact from the adoption of MFRS 9 in 2018 and unattractive valuations. The upside risks to our call ...
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CIMB Niaga earnings surge to RM450mil

1 Aug 2017 - The Star Online
PETALING JAYA: CIMB Group Holdings Bhd’s Indonesian unit saw its net profit expand 87.5% to 1.4 trillion rupiah (RM449.84mil) in the first half of 2017 ended June 30, from 736.12 billion rupiah a year earlier. PT Bank CIMB Niaga Tbk attributed the stellar results to higher net interest income (NII) during ...
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CIMB Niaga’s H1 net profit up 87.5% to RM449.7mil

31 Jul 2017 - The Star Online
KUALA LUMPUR: PT Bank CIMB Niaga Tbk’s (CIMB Niaga) unaudited consolidated net profit for the first half (H1) of 2017 grew by 87.5% year-on-year (y-o-y) to 1.4 trillion rupiah (RM449.7mil), or earnings per share of 54.92 rupiah. In a filing with Bursa Malaysia on Monday, CIMB Group Holdings Bhd said ...
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