<\/p>\n
Thanks to a solid operating income performance and maintained costs.<\/p>\n
CIMB Group\u2019s net profit climbed 17.7% year-on-year (YoY) to $0.41b, attributable to strong operating income growth and contained costs and provisions.<\/p>\n
\u201cThe positive performance translates to an improvement in the Group\u2019s annualised return on average equity (ROE) to 11.4%, as compared to 10.3% recorded in 1Q23\u201d the bank said in a company filing.<\/p>\n
The company also saw a profit before tax (PBT) of $0.54b for the quarter, marking a 15.1% YoY.<\/p>\n
This led to an improved annualized return on average equity (ROE) of 11.4%, up from 10.3% in 1Q23.<\/p>\n
Operating income for Q124 rose by 12.6% YoY to $1.18b, with both net interest income (NII) and non-interest income (NOII) contributing to this growth.<\/p>\n
NII increased by 7.7% YoY to $0.80b due to robust loan growth and NIM recovery, whilst NOII surged by 24.5% YoY to $0.39b, bolstered by strong capital markets, investment-related income, and gains from the sale of non-performing loans.<\/p>\n
Total gross loans grew by 7.0% YoY across key markets, with Singapore experiencing a 13.1% increase.<\/p>\n
Deposits rose by 8.2% YoY, driven by a strong 16.8% growth in CASA, resulting in an improved CASA ratio of 40.8% in March this year compared to 37.9% in March last year.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Thanks to a solid operating income performance and maintained costs. CIMB Group\u2019s net profit climbed 17.7% year-on-year (YoY) to $0.41b, attributable to strong operating income growth and contained costs and provisions. \u201cThe positive performance translates to an improvement in the Group\u2019s annualised return on average equity (ROE) to 11.4%, as compared to 10.3% recorded in […]<\/p>\n","protected":false},"author":1,"featured_media":1800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/CIMB-1-747x445.jpeg",747,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/CIMB-1-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/CIMB-1-300x200.jpeg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/CIMB-1.jpeg",747,498,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1799"}],"version-history":[{"count":2,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1799\/revisions"}],"predecessor-version":[{"id":1811,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1799\/revisions\/1811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1800"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}