<\/p>\n
The group expects its net interest margin to normalise and see some pressure in Q4.<\/p>\n
CIMB Group Holdings reported a profit attributable to owners of the parent of $1.33b (RMB5.93b) in the first nine months of 2024, a 12.57% increase compared to the same period last year.<\/p>\n
The Malaysian banking group earned $456.75m (MYR2.03b) for the third quarter, 9.88% year-on-year (YoY) higher than in Q3 2023, the group\u2019s latest financial results showed.<\/p>\n
Basic earnings per share for the Q3 period is MYR18.98 (approximately $4.27), bringing the total basic EPS to MYR55.49 (approximately $12.49) for 9M 2024. Diluted EMS is MYR55.24, or MY18.88 for Q3.<\/p>\n
Profit before tax is $1.81b (MYR8.03b) for the first nine months of 2024, an 11.4% YoY expansion compared to the previous year.<\/p>\n
Operating income grew 8.5% YoY to $3.82b (MYR16.97b) over the same period. Net interest income rose by 6% YoY on the back of asset growth.<\/p>\n
Non-interest income was 14.4% YoY higher to $1.21b (MYR5.39b), which the Malaysian bank attributed to stronger fees, treasury client sales, and trading income.<\/p>\n
Banking book net interest margin (NIM) expanded to 2.75% in Q3 2024, from 2.59% in Q4 2023, due to price discipline and deposit-led strategies.<\/p>\n
However, CIMB Group expects NIM to normalize and see some pressure in Q3 2024.<\/p>\n
Total gross loans grew 4.3% YoY, with CIMB reporting strong demand across markets.<\/p>\n
Asset quality improved, with its gross impaired loans (GIL) ratio improving from 3.2% in<\/p>\n
September 2023 to 2.3% in September 2024. Allowance coverage progressed from 95% to 102.6% over the same period.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
The group expects its net interest margin to normalise and see some pressure in Q4. CIMB Group Holdings reported a profit attributable to owners of the parent of $1.33b (RMB5.93b) in the first nine months of 2024, a 12.57% increase compared to the same period last year. The Malaysian banking group earned $456.75m (MYR2.03b) for […]<\/p>\n","protected":false},"author":1,"featured_media":2990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2989","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\/11\/CIMB-32-1140x445.webp",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/CIMB-32-463x348.webp",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/CIMB-32-300x200.webp",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/11\/CIMB-32.webp",1200,800,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2989","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=2989"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2989\/revisions"}],"predecessor-version":[{"id":2991,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2989\/revisions\/2991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2990"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}