CIMB'S FORWARD30 STRATEGIC PLAN POSITIONS THE GROUP STRONGLY TO CHART ITS NEXT PHASE OF PURPOSE-DRIVEN GROWTH

KUALA LUMPUR, April 30 (Bernama) -- CIMB Group Holdings Berhad (“CIMB Group” or “the Group”) held its 68th Annual General Meeting (“AGM”) on 29 April 2025 at Sime Darby Convention Centre, where all 12 ordinary resolutions tabled were successfully passed, and the audited financial statements for the financial year ended 31 December 2024 (“FY24”) were duly received. The meeting was chaired by Tan Sri Mohd Nasir Ahmad, Chairman of CIMB Group, with the Board of Directors and Novan Amirudin, Group CEO of CIMB Group, in attendance.  

CIMB Group saw robust performance in 2024, driven by strong client franchise business. The year-on-year (“YoY”) performance was underpinned by a proactive pivot to deposit-led strategy to preserve net interest margins (NIMs), increasing cross-sell opportunities, maintaining disciplined cost controls, and improving asset quality. As a result, the Group successfully increased its return on equity (“ROE”) to 11.2% in 2024, up from 10.7% in 2023, while meeting most of the financial targets set under the Forward23+ strategic plan.