CIMB Group Holdings group CEO Novan Amirudin
KUALA LUMPUR: CIMB Group Holdings Bhd
believes it can keep to its financial year 2025 (FY25) return on equity (ROE) guidance of between 11% and 11.5%, despite facing various challenges ahead, which include the lowering of the overnight policy rate (OPR), as well as similar rate cuts throughout the region.
Group chief executive Novan Amirudin stressed that the lender, the second-largest banking group in the country by assets, needs to be “nimble” to mitigate the effects of declining rates and other macroeconomic challenges, making sure there is sufficient asset growth, as well as adequate cross-selling of products and services.
