KUALA LUMPUR Aug 29 CIMB Group Holdings Bhd
, Malaysia's second biggest lender, posted a 10 percent
fall in quarterly net profit, hurt by a weak performance in
Net profit for the second-quarter dropped to 949.9 million
ringgit ($300 million) from 1.05 billion ringgit for the same
period a year ago, while revenue was flat at 3.4 billion
ringgit, it said in a statement.
First-half net income slid 17 percent to 2.02 billion
"Indonesia will remain the biggest challenge in the second
half due to prevailing economic and liquidity factors," CIMB
said in a statement.
The bank is in talks with smaller local rivals RHB Capital
and Malaysia Building Society on a planned
mega merger to become Malaysia's largest banking group,
overtaking Malayan Banking Bhd (Maybank).
CIMB has boosted its regional operations over the past
decade and expanded its investment banking capabilities by
acquiring parts of Royal Bank of Scotland's Asia
operations outside Japan.
(1 US dollar = 3.1560 Malaysian ringgit)
(Reporting by Yantoultra Ngui and Al-Zaquan Amer Hamzah;
Editing by Edwina Gibbs)