CIMB Records RM1.97 Bln Net Profit In 1Q FY2025
BUSINESS
KUALA LUMPUR, May 30 (Bernama) -- CIMB Group Holdings Bhd's net profit rose 9.6 per cent to RM1.97 billion in the first quarter of financial year ending Dec 31, 2025 (1Q FY2025) from RM1.94 billion in the same period a year ago.
Revenue for the quarter decreased to RM5.50 billion from RM5.63 billion a year ago, a Bursa Malaysia filing said today.
In a separate statement, the banking group said net interest income rose marginally year-on-year (y-o-y) to RM3.82 billion.
'On a y-o-y basis, non-interest income (NOII) contracted 8.5 per cent to RM1.68 billion, affected by lower sales of non-performing loans and proprietary trading,' the bank said in the statement.
'Prudent asset-liability management also helped maintain a stable net interest margin (NIM) of 2.16 per cent in the quarter under review – unchanged from 4Q 2024, despite rate cuts in Thailand, Indonesia and Singapore,' the statement said.
Group chief executive officer Novan Amirudin said its 1Q performance underscores the continued strength of CIMB's diversified ASEAN portfolio, with strong contributions across multiple income segments, particularly from its client franchise income, which has shown consistent growth since 2022.
'The emergence of a 'new world order' is shaping a more multipolar global landscape, with ASEAN poised to play a pivotal role as a regional connector in trade and capital flows,' he said.
Novan added that with the execution of the group's Forward30 strategic plan, CIMB is confident in its ability to deliver both short- and long-term targets, underpinned by the strength of its franchise.
'We will remain disciplined and proactive with capital optimisation, including returning excess capital to our shareholders as we have demonstrated over the last two years.
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