Friday, 29 May 2020
EXCLUSIVE PRESS
22/05/2020 07:01 PM

KUALA LUMPUR, May 22 (Bernama) -- CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) today reported a Profit Before Tax (“PBT”) of RM714 million for the first quarter of 2020 (“1Q20”). The weaker PBT was attributed to lower non-interest income (“NOII”) and higher provisions across selected markets. Net interest income (NII) grew by 4.8%, underpinned by steady 3.8% loan growth and operating expenses remained under control. The Group’s 1Q20 net profit stood at RM508 million, translating to a net Earnings Per Share (“EPS”) of 5.1 sen and an annualised Return On average Equity (“ROE”) of 3.7%.

CIMB Group said, “We are pleased with the continued robust performance of our underlying business. Loan growth stayed healthy across all markets and our CASA ratio improved significantly to 36.5%. Profitability was however, impacted by volatile trading conditions, lower FX income and isolated credits which gave rise to increased provisioning in selected markets.

 

For full news, click here

ABOUT US

Malaysia National News Agency
Wisma BERNAMA
No.28 Jalan BERNAMA
Off Jalan Tun Razak
50400 Kuala Lumpur
Malaysia

Tel : +603-2693 9933 (General Line)
Email : helpdesk@bernama.com

Categories

General
Business
Sports
Politics
World
Features
Thoughts
Infographics
Videos
Images
Exclusive Press

Copyrights

Disclaimer
Privacy Policy
Security Policy