KUALA LUMPUR: CIMB Group Holdings Bhd’s net profit increased 26.3 per cent to RM1.1 billion in the second quarter (Q2) ended June 30, 2017 from RM872.83 million recorded in the same quarter last year.
Its revenue in the same quarter increased 10.9 per cent to RM4.33 billion from RM3.9 billion.
For the six months period, CIMB’s net profit increased 35.3 per cent to RM2.28 billion from RM1.69 billion.
During the same period, its revenue increased 13.9 per cent to RM8.69 billion from RM7.63 billion.
In a statement today, CIMB group chief executive Tengku Datuk Seri Zafrul Aziz said the performance was driven by loans growth across segments, improvements in net interest margin and better-performing capital markets.
“We are also seeing good topline growth in consumer banking in Malaysia and Thailand, and in our regional commercial and corporate banking businesses.
“Our results in recent quarters is testament to the group’s continuous focus on building sustainable growth, maintaining margins, managing cost and optimising capital,” he said.
The group has declared a first interim net dividend of 13 sen per share to be paid via cash or an optional dividend reinvestment scheme.
The total interim dividend amounted to a payment of approximately RM1.18 billion, translating to a dividend payout ratio of 51.6 per cent of first half 2017 profits.