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Finance

CIMB Group Holdings Bhd.

  • 5.49 MYR
  • +0.01
  • +0.18%
  • Malaysia
    Mar 18, 2019
  • Ticker
    KLS(1023)
  • Prev. close
    5.48
  • Market cap (MYR)
    52,413.23M
  • Market cap (USD)
    12,852.75M
  • Shares
    9,564.45M

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; Group Asset Management and Investments (GAMI); and Group Funding and Others. The Consumer Banking segment offers banking solutions to individual customers covering both conventional and Islamic financial products and services such as residential property loans, non-residential property loans, secured personal loans, motor vehicle financing, credit cards, unsecured personal financing, wealth management, bancassurance, remittance and foreign exchange, deposits and internet banking services. The Commercial Banking segment includes products and services for customer segments comprising small and medium-scale enterprises and mid-sized corporations. The Wholesale Banking segment comprises investment banking, corporate banking, treasury and markets, transaction banking, equities and private banking. The GAMI segment deals with public and private asset management portfolios. The Group Funding and Others segment covers the firm's assets and liabilities management, capital's investment in fixed income investments and investment in its proprietary capital and funding. The company was founded by Kheng Chiang Wee and Kheng Whatt Wee in 1924 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Dec 2018 MYRUSD
Revenue26,193.77M6,491.03M
Gross Profit----
Operating income6,140.38M1,521.63M
Income before tax7,200.66M1,784.38M
Net income5,583.51M1,383.63M
EBITDA----
Diluted EPS0.590.14
Dividends Per Share0.250.06
Total Assets534,089.04M129,241.14M
Total liabilities481,437.13M116,500.21M
Total equity51,374.29M12,431.77M
Operating cash flow1,776.96M440.34M
Currency in MYRCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 21,977.53M 23,269.92M 25,465.94M 28,589.39M 26,193.77M
Gross Profit -- -- -- -- --
Operating income 4,184.48M 4,009.84M 4,756.64M 6,134.00M 6,140.38M
Income before tax 4,153.07M 3,828.35M 4,768.45M 6,109.98M 7,200.66M
Net income 3,106.80M 2,849.50M 3,564.19M 4,475.17M 5,583.51M
EBITDA -- -- -- -- --
Diluted EPS 0.37 0.33 0.41 0.49 0.59
Dividends Per Share 0.15 0.14 0.20 0.25 0.25
Total Assets 414,512.18M 462,252.35M 486,441.13M 507,116.98M 534,089.04M
Total liabilities 376,121.06M 420,019.72M 439,361.97M 457,310.55M 481,437.13M
Total equity 37,560.43M 41,250.77M 45,508.17M 48,445.47M 51,374.29M
Operating cash flow 1,723.01M 2,820.51M 6,988.04M 11,672.55M 1,776.96M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 6,716.80M 5,951.88M 6,147.16M 6,649.44M 6,491.03M
Gross Profit -- -- -- -- --
Operating income 1,278.86M 1,025.62M 1,148.19M 1,426.67M 1,521.63M
Income before tax 1,269.26M 979.20M 1,151.04M 1,421.08M 1,784.38M
Net income 949.50M 728.83M 860.35M 1,040.85M 1,383.63M
EBITDA -- -- -- -- --
Diluted EPS 0.11 0.08 0.09 0.11 0.14
Dividends Per Share 0.04 0.03 0.04 0.05 0.06
Total Assets 118,550.60M 107,663.29M 108,435.38M 125,306.89M 129,241.14M
Total liabilities 107,570.73M 97,826.88M 97,940.70M 112,999.88M 116,500.21M
Total equity 10,742.29M 9,607.72M 10,144.48M 11,970.71M 12,431.77M
Operating cash flow 526.59M 721.41M 1,686.82M 2,714.85M 440.34M

Valuation Measures

Dec 2018
PER9.56
ROA1.07%
ROE11.18%
Operating margin23.44%
Profit margin21.31%

Key executives

  • Group Chief Executive Officer & Executive Director: Zafrul bin Tengku Abdul Aziz
  • Chief Operating Officer: Omar Siddiq bin Amin Noer Rashid
  • Chief Financial Officer: Khairulanwar Rifaie
  • Chief Technology Officer: Ramesh Narayanaswamy
  • Group Chief Compliance Officer: Keen Yew Kwan

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (26.7%)
  • Employees Provident Fund (14.0%)
  • Permodalan Nasional Bhd. (8.8%)
  • Kumpulan Wang Persaraan (6.5%)
  • The Vanguard Group, Inc. (2.4%)
  • Great Eastern Life Assurance Co. Ltd. (1.6%)
  • GIC Pte Ltd. (Investment Management) (1.3%)
  • Eastspring Investments (Singapore) Ltd. (1.3%)
  • Fubon Life Insurance Co., Ltd. (1.2%)
  • BlackRock Fund Advisors (1.1%)

Contact Details

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

Related Companies

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  • JHW Reels Sdn. Bhd.
  • Pro Sinar Construction Sdn. 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.
  • CIMB SI 1 Sdn. Bhd.
  • CIMB Islamic Bank 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 Group Sdn. Bhd.
  • Commerce International Group Bhd.
  • Commerce Capital Labuan Ltd.
  • CIMB Securities Sdn Bhd
  • Bumiputra Commerce Bank Bhd.
  • AMI Insurance Bhd
  • Finansa Asset Management Limited
  • CIMB Bhd.

Competitors

  • Kasikornbank Public Co. Ltd.
  • Malayan Banking Bhd.
Last Updated on 18 Mar, 2019

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