CIMB Niaga reports net profit of $64m

CIMB Niaga - FY15 net profit of IDR 856bn ($64m), as expected, adding that 2015 had been a challenging year however, the core businesses had continued to grow well with the net interest income engine maintaining a steady 6.5% YoY growth, while efforts in digital banking had reaped encouraging results with a 10.1% YoY growth.

PETALING JAYA: PT Bank CIMB Niaga Tbk posted a consolidated “Business As Usual” (BAU) net profit of 856 billion rupiah (RM270.56mil) for the year ended Dec 31, 2015, translating to a BAU earnings per share of 34.07 rupiah.

In a statement, the Indonesian banking unit of CIMB Group Holdings Bhd said the BAU net profit for the period in review excluded the exceptional expenses of 571 billion rupiah from the mutual separation scheme, recalibration of micro business and merging of the auto business.