CIMB’s FY2026 target achievable: CGSI

The bank expects an ROE of between 11% to 11.5%.

CIMB Group Holdings’ target returns and asset growth for FY2026 should be achievable, as it is close to forecasts, according to CGS International.

The Malaysian bank expects a return on equity (ROE) of 11% to 11.5%, asset growth of 5% to 7%% on a constant currency basis, and credit charge-off rate of between 25 basis points (bp) to 35b.

CGSI thinks that CIMB’s cost-to-income ratio would come slightly above the guidance of less than 47%.

CIMB’s net interest margin (NIM) dropped 7bp quarter-on-quarter (QoQ) in Q3 2025, hit by the negative impact of the overnight policy rate (OPR) cut in Malaysia last July 2025. NIM has rebounded 2 bp in Q4, according to CGSI.