CIMB first-quarter net profit up five-fold

“I’m pleased to see positive momentum across all our businesses, with especially strong income growth in our wholesale banking and consumer banking businesses, ” group CEO Datuk Abdul Rahman Ahmad (pic) said.

KUALA LUMPUR: CIMB Group Holdings Bhd remains cautious in the short term on possible downside risks following the implementation of the full lockdown measures by the government in an effort to keep a lid on the Covid-19 pandemic.

The cautious stance came about despite the bank’s net profit for the first quarter ended March 31,2021, growing by about five times to RM2.46bil from RM507.93mil in the same quarter a year ago.