CIMB posts 4.2 percent higher third quarter earnings

Malaysia’s second-largest bank by assets, on Thursday reported a 4.2 percent rise in third-quarter profit as consumer loans buoyed performance.

Net profit for the July-September period was 1.18 billion ringgit ($281.82 million), versus 1.13 billion ringgit a year earlier. That beat an 824 million ringgit average estimate from four analysts surveyed by Refinitiv.

Revenue slid 6.3 percent to 4.14 billion ringgit.

https://www.todayonline.com/world/malaysias-cimb-posts-42-percent-higher-third-quarter-earnings

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