KUALA LUMPUR, June 30 (Bernama) — CIMB Group Holdings Berhad (“CIMB” or “the Group”) held its 63rd Annual General Meeting (“AGM”) with shareholders today. Held virtually for the first time, the meeting was chaired by Datuk Mohd Nasir Ahmad, Chairman of CIMB Group, with the Board of Directors of CIMB Group of companies and Dato’ Abdul Rahman Ahmad, Group CEO of CIMB Group in attendance. All 11 tabled resolutions were successfully passed, including the audited financial statements for the financial year ended 31 December 2019.
CIMB performed credibly in FY2019, with a 7.7% year-on-year (“YoY”) improvement in core net profit to RM 5.01 billion with a significant increase of 56% in dividend payout. The Group achieved a Return On Average Equity (“ROE”) of 9.3% and its capital position strengthened further with a CET1 ratio of 12.9%.
