CIMB’s revamp begins to pay off


Companies like CIMB Group Holdings Bhd, Hong Leong Financial Group Bhd (HLFG) and AmBank Group Bhd may have to beef up their capital structures by 2019.

PETALING JAYA: CIMB Group Holdings Bhd may have turned the corner if some of its recent ratio indicators are anything to go by.

The country’s second largest bank by asset size showed notable improvement in some of its key ratios such as cost to income, gross impaired loans and its common equity Tier 1 or CET1 ratio – where the latter is a sign of an increase in the bank’s overall financial strength.

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