Straits Herald August 29, 2019

CIMB Group Holdings Berhad today reported a Profit Before Tax (“PBT”) of RM3.56 billion for the first half of 2019 (“1H19”).

The 8.7% year-on-year (“YoY”)increase was underpinned by stronger operating income and a 15.7% YoY decline in loan loss provisions, with an 8.7% YoY increase in operating expenses. 

The Group’s 1H19 net profit was 14.5% higher YoY at RM2.70 billion, translating to a net Earnings Per Share (“EPS”) of28.1 sen and an annualised Return On average Equity (“ROE”) of 9.7%.

The Group declared a first interim net dividend of 14.0 sen per share to be paid via cash or an optional Dividend Reinvestment Scheme (“DRS”). The total interim dividend amounts to a payment of approximately RM1.36 billion, translating to a dividend payout ratio of 50.4% of 1H19 profits.

Tengku Dato’ Sri Zafrul Aziz, Group CEO, CIMB Group (left) and Khairul Rifaie, Group Chief Financial Officer, CIMB Group at the CIMB Group Holdings Berhad 1H19 financial results press conference held in Kuala Lumpur today.

“We are pleased with the 14.5% YoY increase in our net profit to RM2.70 billion underpinned by our above-industry loan growth in Malaysia and better Treasury and Markets income.Malaysia’s PBT improved 5.3% YoY, contributing 67% to the Group’s PBT,” Tengku Dato’ Sri Zafrul Aziz, CIMB Group CEO says.

“Indonesia also posted an encouraging 20.2% YoY growth, supported by its strong Consumer business. Overall, the Group remained resilient with lower loan loss provisions despite challenging external headwinds,” he adds.