KUALA LUMPUR: CIMB Group Holdings Bhd
made RM2.46bil in net profit in the first quarter on improved operating income, but the bank remained cautious about its outlook amid the resurgence of new Covid-19 cases and fresh lockdown imposed by the government to the spread of the virus.
Core operating income grew 15.9% to RM4.8bil in the three-month ended March 31, the CIMB said in a statement today.
Net interest income from its traditional banking business grew by 8% to RM3.47bil driven by improved net interest margins (NIM) in Malaysia and Indonesia.
Core non-interest income strengthened by 43.2% to RM1.33bil, driven by stronger wealth management and trading income.
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