KUALA LUMPUR May 24 CIMB Group Holdings
, Malaysia's second largest lender by assets, posted a
45 percent jump in first-quarter profit to a record, driven by
loans growth, improved net interest margin and higher
The bank reported a net profit of 1.18 billion ringgit
($274.39 million) for January-March compared to 813.8 million
ringgit a year ago. That beat an average 803.5 million ringgit
estimate of two analysts polled by Reuters.
"The group is cautiously optimistic for the rest of 2017,
with more stable economic conditions, increased regional
activity, improved capital markets and declining provisions
across our key geographies," the bank said in a statement.
($1 = 4.3005 ringgit)
(Reporting by Liz Lee; Editing by Muralikumar Anantharaman)