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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; Group Asset Management and Investments (GAMI); and Group Funding. The Consumer Banking segment offers conventional and Islamic banking solutions to individual customers, and small businesses. The Commercial Banking segment deals with a comprehensive financial solutions, both conventional and Islamic, to various businesses such as mid-corporates, and small and medium-sized enterprises (SMEs) across the region. The Wholesale Banking segment caters the banking needs of both corporate, and institutional clients. The GAMI segment deals with public markets asset management franchise with core operations in Malaysia, Indonesia, Thailand, and Singapore. 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
Revenue26,073.50M6,461.22M
Gross Profit----
Operating income7,332.65M1,817.09M
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 liabilities481,701.07M116,564.07M
Total equity51,374.29M12,431.77M
Operating cash flow3,824.70M947.79M
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 26,073.50M
Gross Profit -- -- -- -- --
Operating income 4,184.48M 4,009.84M 4,756.64M 6,134.00M 7,332.65M
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 481,701.07M
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 3,824.70M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 6,716.80M 5,951.88M 6,147.16M 6,649.44M 6,461.22M
Gross Profit -- -- -- -- --
Operating income 1,278.86M 1,025.62M 1,148.19M 1,426.67M 1,817.09M
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 116,564.07M
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 947.79M

Valuation Measures

Dec 2018
PER9.56
ROA1.07%
ROE11.18%
Operating margin28.12%
Profit margin21.41%

Key executives

  • Group Chief Executive Officer & Executive Director: Zafrul bin Tengku Abdul Aziz
  • Group Chief Operating Officer: Omar Siddiq bin Amin Noer Rashid
  • Group Chief Financial Officer: Khairulanwar Rifaie
  • Group Chief Legal & Compliance Officer: Keen Yew Kwan
  • Chief Executive Officer-Group Wholesale Banking: Shahnaz Farouque bin Jammal Ahmad

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (23.5%)
  • Employees Provident Fund (13.1%)
  • Permodalan Nasional Bhd. (10.7%)
  • Kumpulan Wang Persaraan (6.3%)
  • The Vanguard Group, Inc. (2.4%)
  • GIC Pte Ltd. (Investment Management) (1.5%)
  • Eastspring Investments (Singapore) Ltd. (1.5%)
  • Great Eastern Life Assurance Co. Ltd. (1.4%)
  • Fubon Life Insurance Co., Ltd. (1.2%)
  • BlackRock Fund Advisors (0.9%)

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

  • 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
  • Bumiputra Commerce Bank Bhd.
  • AMI Insurance Bhd

Competitors

  • Kasikornbank Public Co. Ltd.
  • Mitsubishi UFJ Financial Group, Inc.
  • Public Bank Bhd
Last Updated on 23 Oct, 2019

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