CIMB likely to face headwinds in short term

PETALING JAYA: CIMB Group Holdings Bhd’s long-term prospects are intact for now but the bank will face several headwinds over the short term.

In a report following the release of its results, MIDF Research said: “CIMB has a number of headwinds in the short term, most notably that of its asset quality, heavy provisions and average loan growth.”