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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 2021 MYRUSD
Revenue23,564.05M5,684.60M
Gross Profit----
Operating income6,299.00M1,519.57M
Income before tax5,721.46M1,380.24M
Net income4,295.33M1,036.20M
EBITDA----
Diluted EPS0.420.10
Dividends Per Share0.220.05
Total Assets621,907.05M149,281.58M
Total liabilities561,998.31M134,901.18M
Total equity58,863.26M14,129.44M
Operating cash flow13,287.38M3,205.45M
Currency in MYRCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 28,589.39M 26,073.50M 28,525.18M 25,536.24M 23,564.05M
Gross Profit -- -- -- -- --
Operating income 6,134.00M 7,332.65M 5,633.40M 2,878.01M 6,299.00M
Income before tax 6,109.98M 7,200.66M 5,944.19M 1,413.83M 5,721.46M
Net income 4,475.17M 5,583.51M 4,559.65M 1,194.42M 4,295.33M
EBITDA -- -- -- -- --
Diluted EPS 0.49 0.59 0.46 0.12 0.42
Dividends Per Share 0.25 0.25 0.26 0.04 0.22
Total Assets 507,116.98M 534,089.04M 573,245.65M 602,354.89M 621,907.05M
Total liabilities 457,310.55M 481,701.07M 515,976.57M 545,380.77M 561,998.31M
Total equity 48,445.47M 51,374.29M 56,237.17M 55,925.64M 58,863.26M
Operating cash flow 11,672.55M 3,824.70M 6,763.45M -3,755.15M 13,287.38M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 6,649.44M 6,461.22M 6,885.18M 6,076.85M 5,684.60M
Gross Profit -- -- -- -- --
Operating income 1,426.67M 1,817.09M 1,359.74M 684.88M 1,519.57M
Income before tax 1,421.08M 1,784.38M 1,434.76M 336.45M 1,380.24M
Net income 1,040.85M 1,383.63M 1,100.57M 284.23M 1,036.20M
EBITDA -- -- -- -- --
Diluted EPS 0.11 0.14 0.11 0.02 0.10
Dividends Per Share 0.05 0.06 0.06 0.01 0.05
Total Assets 125,306.89M 129,241.14M 140,140.73M 149,746.40M 149,281.58M
Total liabilities 112,999.88M 116,564.07M 126,140.22M 135,582.54M 134,901.18M
Total equity 11,970.71M 12,431.77M 13,748.23M 13,903.20M 14,129.44M
Operating cash flow 2,714.85M 947.79M 1,632.50M -893.61M 3,205.45M

Valuation Measures

Dec 2021
PER12.71
ROA0.70%
ROE7.48%
Operating margin26.73%
Profit margin18.22%

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
  • Head-Group Wholesale Banking: Omar Siddiq bin Amin Noer Rashid

Shareholders

  • Khazanah Nasional Bhd. (Investment Company) (24.5%)
  • Employees Provident Fund (13.1%)
  • Permodalan Nasional Bhd. (9.9%)
  • Kumpulan Wang Persaraan (6.4%)
  • The Vanguard Group, Inc. (1.9%)
  • T. Rowe Price Hong Kong Ltd. (1.3%)
  • Great Eastern Life Assurance Co. Ltd. (1.3%)
  • AIA Bhd. (1.3%)
  • Eastspring Investments (Singapore) Ltd. (1.1%)
  • BlackRock Fund Advisors (1.1%)

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

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Competitors

    Last Updated on 2 Dec, 2022

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