KUALA LUMPUR, Feb 28 (Bernama) — CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) announced positive recovery in its performance for the financial year ended 31 December 2021 (“FY21”), registering core¹ net profit of RM4.65 billion, up 289.3% YoY. The Group also recorded core pre-provisioning operating profit (“PPOP”) of RM9.43 billion, an increase of 14.9% YoY, and core profit before tax (“PBT”) of RM6.35 billion, up 314.7% YoY.
The FY21 performance translates to a core annualised return on average equity (“ROE”) of 8.1% and core earnings per share (“EPS”) of 46.4 sen. The Group proposed a second interim dividend of 12.55 sen per share, bringing the proposed annual dividend to 22.99 sen per share for a payout ratio of 50% based on core net profit, in line with the Group’s dividend policy.
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