CIMB sees record year, H2 results seen to be same as H1 or better

Tengku Zafrul: The residential property sector is picking up again.

KUALA LUMPUR: CIMB Group Holdings Bhd, the country’s second-largest lender by asset size, is bullish on 2018 and expects a record year in terms of profit.

“The first half has been good and we hope our performance will sustain in the second half. We are just two months into the second half and it has been quite a strong two months. We are also seeing a pick-up in the capital markets. Also in the region, in countries such as Thailand and Singapore, we are seeing strong improvement as well,” group chief executive officer Tengku Datuk Seri Zafrul Aziz told reporters at a press conference yesterday.