CIMB sees no Q1 asset quality hit from oil shock

Direct, first-order impact on its overall portfolio is likely to be contained, according to management.

CIMB Group has not observed any impact on its loan growth and asset quality in Q1 2026 despite the spike in oil prices.

Management believes the direct, first-order impact on its overall portfolio is likely to be contained, said Keith Wee Teck Keong, analyst for UOB Kay Hian, in a 21 April report. Visibility on how sustained elevated oil prices may affect asset quality remains fluid.

“By loan sector, exposure to transportation and storage accounts for approximately 2% of total group loans. Including construction brings total exposure to around 6%, which remains relatively manageable,” Wee said.

Including secondary effects, exposure to the wholesale and retail sectors increased to 13% of group loans.