Kenanga still cautious on CIMB prospects

PETALING JAYA: The tide may be turning for CIMB Group Bhd, where loans growth outperformed the industry average last year, but the optimism is tempered by caution.

CIMB saw loan growth of 8.7% versus the industry’s average of 5% to 6% with the Malaysian operations seeing 10.5% growth driven by consumer, wholesale and commercial banking.