Double-digit loan growth for CIMB, outperforms industry 6% average

Record revenue: Tengku Zafrul ( left) and CIMB Group chief financial officer Shahnaz Jammal posing with the financial results at the event. Tengku Zafrul says the revenue performance for FY16 is the best in the history of CIMB despite a trying business environment last year.

KUALA LUMPUR: CIMB Group Holdings Bhd saw its loan growth in Malaysia outperforming the industry average amid a year of record revenue for its financial year ended Dec 31, 2016.

“I am quite surprised at our loan growth in Malaysia. For our consumer segment to grow by close to 10% is considered a lot.