CIMB’s net profit up 10.7% to $1.71b in 2024

They’ve proposed a second interim dividend of 20 sen per share.

CIMB saw its net profit rise 10.7% YoY to $1.71b (MYR7.73b) in 2024, according to a press release.

Earnings per share is 72.3 sen for the period.

The group has also proposed a second interim dividend of 20 sen per share, for a total annual dividend of 47 sen per share. This translates to a record total dividend payout of MYR5.04b.

CIMB’s operating income rose 6.1% YoY to $5b (MYR22.3b), thanks to the growth of net interest income (NII) and non-interest income (NOII). NII rose 5.3% YoY to $3.45b (MYR15.4b) on the back of healthy loan growth.

Meanwhile, NOII grew 8.1% YoY to $1.55b (MYR6.9b), which CIMB attributed to “strong client franchise business and trading income.”

CIMB also attributed its FY2024 performance to “disciplined cost controls and improvement in asset quality” as well as its portfolio diversification strategy.

(US$ 1 = MYR4.46; as of 28 February 2025, Google)

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