KUALA LUMPUR, April 22 (Bernama) — CIMB Group Holdings Berhad (“CIMB Group” or the “Group”) held its 65th Annual General Meeting (“AGM”) with shareholders today (21 April 2022) virtually, where all 9 ordinary resolutions tabled at the AGM were successfully passed, and the audited financial statements for the financial year ended 31 December 2021 (“FY21”) was duly received. The meeting was chaired by Datuk Mohd Nasir Ahmad, Chairman of CIMB Group, with the Board of Directors and Dato’ Abdul Rahman Ahmad, Group CEO of CIMB Group in attendance.
CIMB Group saw positive recovery in FY21, with strong underlying performance recovery across all business segments and geographies. The improved year-on-year (“YoY”) performance was driven by solid growth in operating income, discipline in containing cost escalation and lower provisions as per target. The Group met or exceeded all FY21 financial profitability targets, including annualised return on average equity (“ROE”), cost-to-income ratio (“CIR”) and credit cost/provisions. These included achieving a record low CIR of 48.6% in FY21.
