Cimb Bank
CIMB Group announces record RM4.35 billion Net Profit for FY12
Monday, 25 February 2013 for immediate release
1) Summary CIMB Group Holdings Berhad (“CIMB Group”) today reported a record net profit of RM4.35 billion for Financial Year 2012 (“FY12”), representing a 7.8% year-on-year (“Y-o-Y”) growth and equivalent to net earnings per share (“EPS”) of 58.4 sen and net return on average equity (“ROE”) of 16.0%. The Group announced a second interim dividend of 18.38 sen in the form of cash or an optional Dividend Reinvestment Scheme (“DRS”). For FY12, the total dividends amounted to 23.38 sen or RM1.7 billion, translating to a dividend payout ratio of 40.0% of FY12 profits. For the fourth quarter FY12 (“4Q12”) alone, the Group’s net profit of RM1.082 billion was 5.3% lower than 3Q12, and 4.5% lower compared its 4Q11 net profit of RM1.133 billion. "We delivered another set of record profits for FY12, underpinned by strong earnings growth in most of our business lines," said Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group. “I am especially pleased that this was achieved without aggressive lending growth and despite investing and undergoing substantial internal changes in line with our “CIMB 2.0” theme, to strengthen our competitive edge going forwards.” 2) CIMB Group Y-o-Y Results CIMB Group’s FY12 revenues were 11.3% higher Y-o-Y at RM13.495 billion. Net interest income grew by 10.6% while non-interest income expanded by 12.7% underpinned by a record year in capital market transactions and an uplift in treasury markets activity. Excluding the gain on deconsolidation of CIMB Aviva of RM250 million in 4Q11, the uplift in non-interest income was 19.8%. The Group’s profit before tax (“PBT”) was 9.1% higher at RM5.678 billion. In 2012, the Group’s regional Consumer Bank PBT expanded by 23.9% Y-o-Y to RM2.323 billion. The Malaysia & Singapore consumer operations PBT grew 17.7% Y-o-Y despite only moderate revenue growth due to provision write-backs in Malaysia and
Monday, 25 February 2013 for immediate release
1) Summary CIMB Group Holdings Berhad (“CIMB Group”) today reported a record net profit of RM4.35 billion for Financial Year 2012 (“FY12”), representing a 7.8% year-on-year (“Y-o-Y”) growth and equivalent to net earnings per share (“EPS”) of 58.4 sen and net return on average equity (“ROE”) of 16.0%. The Group announced a second interim dividend of 18.38 sen in the form of cash or an optional Dividend Reinvestment Scheme (“DRS”). For FY12, the total dividends amounted to 23.38 sen or RM1.7 billion, translating to a dividend payout ratio of 40.0% of FY12 profits. For the fourth quarter FY12 (“4Q12”) alone, the Group’s net profit of RM1.082 billion was 5.3% lower than 3Q12, and 4.5% lower compared its 4Q11 net profit of RM1.133 billion. "We delivered another set of record profits for FY12, underpinned by strong earnings growth in most of our business lines," said Dato’ Sri Nazir Razak, Group Chief Executive, CIMB Group. “I am especially pleased that this was achieved without aggressive lending growth and despite investing and undergoing substantial internal changes in line with our “CIMB 2.0” theme, to strengthen our competitive edge going forwards.” 2) CIMB Group Y-o-Y Results CIMB Group’s FY12 revenues were 11.3% higher Y-o-Y at RM13.495 billion. Net interest income grew by 10.6% while non-interest income expanded by 12.7% underpinned by a record year in capital market transactions and an uplift in treasury markets activity. Excluding the gain on deconsolidation of CIMB Aviva of RM250 million in 4Q11, the uplift in non-interest income was 19.8%. The Group’s profit before tax (“PBT”) was 9.1% higher at RM5.678 billion. In 2012, the Group’s regional Consumer Bank PBT expanded by 23.9% Y-o-Y to RM2.323 billion. The Malaysia & Singapore consumer operations PBT grew 17.7% Y-o-Y despite only moderate revenue growth due to provision write-backs in Malaysia and