CIMB Group CEO Datuk Abdul Rahman Ahmad said economic recovery is expected to continue to be uneven with downside risks in the short term before improving in the second half of the year.
PETALING JAYA: CIMB Group
Holdings Bhd is expecting recovery in 2021, driven by topline growth and lower provisioning.
This year, the group’s return on equity (ROE) target is 6% to 7%, compared with the ROE of 2.1% achieved in 2020. The group also aims for loan loss charge (LLC) to be lower this year to 80 to 90 basis points, compared with 1.46% in 2020.
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