KUALA LUMPUR, April 14 (Bernama) — CIMB Group Holdings Berhad (“CIMB Group” or “the Group”) held its 66th Annual General Meeting (“AGM”) with shareholders today, where all 10 ordinary resolutions tabled at the AGM were successfully passed, and the audited financial statements for the financial year ended 31 December 2022 (“FY22”) were 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.
As announced previously, CIMB Group saw continued positive momentum in FY22, supported by strong underlying performance across all business segments as well as its key markets of Malaysia, Indonesia, Singapore and Thailand. The encouraging year-on-year (“YoY”) performance was contributed by robust growth in operating income driven by NIM expansion and above market loan growth, stringent cost management and lower provisions. Accordingly, the Group met or exceeded all financial profitability targets for FY22, including annualised return on average equity (“ROE”), cost-to-income ratio (“CIR”) and credit cost/provisions. These included achieving the lowest recorded CIR of 46.5% in FY22 from 48.6% in FY21.