CIMB Group posts positive 1Q23 performance with PBT of RM2.24 billion; total loans and deposits continued to demonstrate sustained growth across key markets

KUALA LUMPUR, June 1 (Bernama) —  CIMB Group Holdings Berhad (“CIMB Group” or “the Group”) on 31 May 2023 announced that the Group achieved a profit before tax (“PBT”) of RM2.24 billion for the first quarter ended 31 March 2023 (“1Q23”), up 9.2% year-on-year (“YoY”) from RM2.05 billion recorded in the first quarter ended 31 March 2022 (“1Q22”). The Group’s net profit also grew strongly by 15.3% YoY to RM1.64 billion driven by sustained operating income growth, strong cost controls and contained level of provisions. The performance translates to a strong improvement in annualised return on average equity (“ROE”) of 10.3%, as compared to 9.6% recorded in 1Q22, and earnings per share (“EPS”) of 15.4 sen. 

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