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Finance

CIMB Group Holdings Bhd.

Company Background

CIMB Group Holdings has grown into a regional banking group through mergers and acquisitions, especially in the past 10 years under ex-Group CEO Nazir Razak. Its recent major acquisitions include the Royal Bank of Scotland's Asia-Pacific investment banking business in 2012. Nazir, the youngest brother of Prime Minister Najib Razak, was re-designated as the group's chairman and made a director at Khazanah Nasional from September 2014.

Government investment fund Khazanah Nasional is the major shareholder of the bank with a 30% stake. Mitsubishi UFJ Financial Group holds 5%. The group is now headed by Acting Group Chief Executive Zafrul Abdul Aziz, who was once the head of Maybank investment banking. Overseas businesses led by listed subsidiaries such as Bank CIMB Niaga in Indonesia and CIMB Thai Bank make substantial contributions to group profit. The group is also one of the top brokers in Southeast Asia and one of the leading global Islamic bond issuers.

Business Summary

CIMB Group Holdings Bhd. engages in the provision of financial and banking services. It operates through the following segments: Consumer Banking; Commercial Banking; Wholesale Banking; and CIMB Digital Assets & Group Funding. The Consumer Banking segment offers conventional and Islamic banking solutions to individual customers, and small businesses. The Commercial Banking segment deals with financial solutions for both conventional and Islamic to various businesses. The Wholesale Banking segment caters the banking needs of both corporate and institutional clients. The CIMB Digital Assets & Group Funding segment engages in digital businesses and ventures. The company was founded by Kheng Chiang Wee and Kheng Whatt Wee in 1924 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2020 MYRUSD
Revenue25,514.42M6,071.66M
Gross Profit----
Operating income2,356.52M560.78M
Income before tax1,413.83M336.45M
Net income1,194.42M284.23M
EBITDA----
Diluted EPS0.120.02
Dividends Per Share0.040.01
Total Assets602,354.89M149,746.40M
Total liabilities545,380.77M135,582.54M
Total equity55,925.64M13,903.20M
Operating cash flow4,509.97M1,073.23M
Currency in MYRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 25,465.94M 28,589.39M 26,073.50M 28,525.18M 25,514.42M
Gross Profit -- -- -- -- --
Operating income 4,756.64M 6,134.00M 7,332.65M 5,633.40M 2,356.52M
Income before tax 4,768.45M 6,109.98M 7,200.66M 5,944.19M 1,413.83M
Net income 3,564.19M 4,475.17M 5,583.51M 4,559.65M 1,194.42M
EBITDA -- -- -- -- --
Diluted EPS 0.41 0.49 0.59 0.46 0.12
Dividends Per Share 0.20 0.25 0.25 0.26 0.04
Total Assets 486,441.13M 507,116.98M 534,089.04M 573,245.65M 602,354.89M
Total liabilities 439,361.97M 457,310.55M 481,701.07M 515,976.57M 545,380.77M
Total equity 45,508.17M 48,445.47M 51,374.29M 56,237.17M 55,925.64M
Operating cash flow 6,988.04M 11,672.55M 3,824.70M 6,763.45M 4,509.97M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 6,147.16M 6,649.44M 6,461.22M 6,885.18M 6,071.66M
Gross Profit -- -- -- -- --
Operating income 1,148.19M 1,426.67M 1,817.09M 1,359.74M 560.78M
Income before tax 1,151.04M 1,421.08M 1,784.38M 1,434.76M 336.45M
Net income 860.35M 1,040.85M 1,383.63M 1,100.57M 284.23M
EBITDA -- -- -- -- --
Diluted EPS 0.09 0.11 0.14 0.11 0.02
Dividends Per Share 0.04 0.05 0.06 0.06 0.01
Total Assets 108,435.38M 125,306.89M 129,241.14M 140,140.73M 149,746.40M
Total liabilities 97,940.70M 112,999.88M 116,564.07M 126,140.22M 135,582.54M
Total equity 10,144.48M 11,970.71M 12,431.77M 13,748.23M 13,903.20M
Operating cash flow 1,686.82M 2,714.85M 947.79M 1,632.50M 1,073.23M

Valuation Measures

Dec 2020
PER35.71
ROA0.20%
ROE2.12%
Operating margin9.23%
Profit margin4.68%

Key executives

  • Group Chief Executive Officer & Executive Director: Abdul Rahman bin Ahmad
  • Group Chief Financial Officer: Khairulanwar Rifaie
  • Group Chief Technology & Data Officer: Kok Meng Tan
  • Group Chief Legal & Compliance Officer: Keen Yew Kwan
  • Group Chief Risk Officer: David Richard Thomas

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (27.0%)
  • Employees Provident Fund (15.4%)
  • Permodalan Nasional Bhd. (10.7%)
  • Kumpulan Wang Persaraan (6.7%)
  • The Vanguard Group, Inc. (2.1%)
  • Great Eastern Life Assurance Co. Ltd. (1.5%)
  • BlackRock Fund Advisors (1.1%)
  • AIA Bhd. (1.1%)
  • Eastspring Investments (Singapore) Ltd. (1.0%)
  • GIC Pte Ltd. (Investment Management) (0.6%)

Contact Details

  • Website:http://www.cimb.com
  • Address: Menara CIMB, Jalan Stesen Sentral 2, Level 13, Kuala Lumpur, 50470, Malaysia
  • Phone: +60.3.2261.8888

Related Companies

  • CIMB Bancom Capital Corp. (Philippines)
  • CIMB Bank Berhad, LABUAN OFFSHORE BRANCH
  • JHW Reels Sdn. Bhd.
  • Pro Sinar Construction Sdn. Bhd.
  • CIG Bhd.
  • CIMB SI II Sdn. Bhd.
  • Commerce Volantia Sdn. Bhd.
  • Royal Bank of Scotland Group Plc /Asia Pacific Corporate Bus/
  • CIMB Bank PLC
  • Commerce Tijari Bank Bhd.
  • PT CIMB Niaga Auto Finance
  • Minconsult Sdn. Bhd.
  • Maju-Uni Concept Sdn. Bhd.
  • CGS-CIMB Securities (Singapore) Pte Ltd.
  • CIMB SI 1 Sdn. Bhd.
  • CIMB Discount House Bhd.
  • Cimb Group Nominees (Tempatan) Sdn. Bhd.
  • CIMB Thai Bank Public Co. Ltd.
  • PT Bank CIMB Niaga Tbk
  • Bumiputra Commerce Trustee Bhd.
  • Bumiputra Commerce Finance Bhd.
  • Auto Abs One Bhd.
  • CIMB (L) Ltd.
  • CIMB Bank Bhd.
  • CIMB Investment Bank Berhad
  • CIMB Group Sdn. Bhd.
  • Commerce International Group Bhd.
  • Commerce Capital Labuan Ltd.
  • CIMB Securities Sdn Bhd
  • AMI Insurance Bhd

Competitors

  • Kasikornbank Public Co. Ltd.
Last Updated on 30 Jul, 2021

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