CIMB ‘cautiously optimistic’ on prospects this year

Positive outlook: Nazir (left) and and Tengku Zafrul at CIMB’s AGM. The group expects to record a return on equity of 10.5 to 11 in FY18, underpinned by sustained earnings growth.

KUALA LUMPUR: CIMB Group Holdings Bhd remains “cautiously optimistic” on its prospects this year, amid the group’s expectation to record a stronger performance in the current financial year 2018 (FY18).

According to CIMB Group chairman Datuk Seri Nazir Razak, the banking group is expected to sustain its momentum, following its strong set of results last year.