
CIMB’s net profits up 1.9% to MYR 1.97b in Q1 2025
Operating income and non-interest income both contracted.
CIMB Group Holdings Berhad saw its net profit grow 1.9% year-on-year (YoY) to $462.5m (MYR 1.97b) in the first quarter ending 31 March 2025, its latest financial results showed.
Operating income dropped 2.3% YoY to $1.29b (MYR 5.5b) on the back of net interest margin (NIM) compression. This was offset by asset growth.
Net interest income rose to MYR 3.82b, whilst non-interest income (NOII) contracted 8.5% to MYR 1.68b, affected by lower sales of non–performing loans and proprietary trading.
Total assets and loans rose 5.1% and 4.4%, respectively, compared to Q1 2024.
Cost-to-income ratio stood at 46.9% in Q1 2025. Technology investments rose 5% YoY.
Looking ahead, CIMB Group CEO Novan Amirudin noted an “increasingly uncertain market condition.”
“The emergence of the ‘new world order’ is shaping a more multipolar global landscape, with ASEAN poised to play a pivotal role as a regional connector in trade and capital flows,” he said.
“Our presence across 10 countries puts us in a prime spot of this shift to support our clients in navigating cross-border growth and advancing deeper regional integration,” Amirudin added.
(US$1 = MYR4.26; as of 30 May 2025, Google from Morningstar)