Double-digit loan growth for CIMB, outperforms industry 6% average


Record revenue: Tengku Zafrul ( left) and CIMB Group chief financial officer Shahnaz Jammal posing with the financial results at the event. Tengku Zafrul says the revenue performance for FY16 is the best in the history of CIMB despite a trying business environment last year.

KUALA LUMPUR: CIMB Group Holdings Bhd saw its loan growth in Malaysia outperforming the industry average amid a year of record revenue for its financial year ended Dec 31, 2016.

“I am quite surprised at our loan growth in Malaysia. For our consumer segment to grow by close to 10% is considered a lot.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , CIMB , results , loans growth , banking , stocks , shares , dividends , KLCI , KLSE ,

   

Next In Business News

Bursa Malaysia rises as US election in full swing
Ringgit strengthens against greenback ahead of OPR decision
Trading ideas: IOI, Gagasan Nadi, Xin Hwa, T7, TCS, Aneka, HE, Ann Joo, Aimflex, F&N
Strong financial grasp critical for investors
US stocks slide after nuclear deal dismissal
Licence freeze to have impact on Xin Hwa
Gagasan Nadi in RM185mil acquisition
Proton October sales climb 13.6% to 12,799 units
Aneka Jaringan wins RM39mil job
TCS bags RM86mil contract

Others Also Read