Datuk Seri Nazir Razak:
KUALA LUMPUR: CIMB Group
Holdings Bhd foresees an improved financial performance in the current financial year of 2018 (FY18), following its strong set of results last year.
According to CIMB Group chairman Datuk Seri Nazir Razak, the group is expected to maintain its momentum, despite the ongoing uncertainties both locally and internationally.
“We are cautiously optimistic about our prospects in 2018. We are also hopeful to exceed our target for FY18 which were set earlier,” he told reporters after CIMB’s 61st AGM on Thursday.
CIMB group chief executive officer Tengku Datuk Seri Zafrul Aziz said the banking group could likely record a higher return on equity (RoE) in FY18, exceeding its initial target of 10.5%.
To recap, CIMB registered an RoE of 9.6% in FY17.
“We definitely foresee a better financial performance in 2018 for the group on a year-on-year basis,” said Tengku Zafrul.
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