KUALA LUMPUR, Feb 28 (Bernama) —
1) Summary
CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) today reported a net profit of RM5.58 billion for financial year 2018 (“FY18”). This raised the Group’s FY18 Return On average Equity (“ROE”) to 11.4%, and reduced its Cost-to-Income Ratio (“CIR”) to 49.8%, on a year-on-year (“Y-o-Y”) basis. The Group declared a second interim net dividend of 12.00 sen per share to be paid via cash or an optional Dividend Reinvestment Scheme (“DRS”). For FY18, the total dividend amounted to 25.00 sen or RM2.37 billion, translating to a dividend payout ratio of 50.8% of FY18 Business-As-Usual (“BAU”) profits.
“We are pleased to announce a record PBT of RM7.20 billion in FY18 despite the challenging operating landscape. The notable FY18 results was underpinned by strong performances from Consumer and Commercial banking, as well as lower provisions and costs. Our ROE is higher at 11.4% whilst CET1 strengthened to 12.6% and loan loss charge improved to 0.41%,” said Tengku Dato’ Sri Zafrul Aziz, Group Chief Executive, CIMB Group.
