FinanceCIMB remains cautious this year despite profit up 10% in 2024
Malaysia's second-largest bank raises concerns about impact of U.S. tariffs
CIMB Group CEO Novan Amirudin, left, and CIMB Group Chief Financial and Strategy Officer Khairul Rifaie. (Photo by Norman Goh)
NORMAN GOH
February 28, 2025 20:32 JST
KUALA LUMPUR -- CIMB Group, Malaysia's second-largest bank by assets, reported a strong financial performance for 2024, achieving a net profit of 7.73 billion ringgit ($1.7 billion), which marks a 10.7% year-on-year increase, according to a report released on Friday.