CIMB Group Holdings Bhd reported a higher net profit of RM1.97 billion for the first quarter ended March 31, 2025, up slightly from RM1.94 billion a year ago, supported by stronger net interest income (NII) of RM3.82 billion.
Revenue dipped marginally to RM5.5 billion from RM5.6 billion, as compressed net interest margins were offset by asset growth.
Non-interest income (NOII) rose 11.1% quarter-on-quarter, driven by improved treasury client sales (+18.9%) and fee and commission income (+12.6%).
The banking group reaffirmed its commitment to the Forward30 strategy, with a focus on customer-centricity, operational efficiency, and sustainability.
It also identified Thailand, Cambodia, and Singapore as key growth markets.
Group CEO Novan Amirudin said CIMB’s diversified Asean portfolio continues to show resilience, with steady franchise income growth and healthy asset quality.
He added that the group will remain disciplined in capital management and continue creating value for shareholders through prudent execution of its strategic roadmap. — TMR
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