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CIMB confident of achieving 6% loan growth for 2018

August 29, 2018 6:34 AM
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KUALA LUMPUR: CIMB Group Holdings Bhd is on track to meet its loan growth target of 6% for this year with the stronger performance expected for the second half of the year, said group CEO Tengku Datuk Seri Zafrul Aziz.

Its loan growth for the first half of the year stood at 3.4%, dragged down by the weakening of rupiah in Indonesia.

CIMB posted a record net profit of RM3.29 billion for the first half of 2018, bolstered by a gain from the sale of 20% of CIMB-Principal Asset Management and 10% of CIMB-Principal Islamic Asset Management.

At a media briefing today, Zafrul also said any changes to its management will be decided by the board and not one shareholder.


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