CIMB Group announces RM3.41 billion Net Profit for 9M17

          - Record quarterly operating income of RM4.42 billion in 3Q17
          - 9M17 PBT improved 24.6% Y-o-Y to RM4.57 billion underpinned by an 11.6% increase in operating income and lower provisions 
          - 26.0% Y-o-Y growth in 9M17 net profit to RM3.41 billion with annualised ROE of 9.8% 
          - Cost-to-Income ratio improved to 52.1% for 9M17 (cf. 54.6% in 9M16) with continuous cost management discipline 
          - Loan growth of 7.0% Y-o-Y led by Consumer Banking
          - Strengthened Group CET1 ratio to 12.0% as of 30 September 2017

          1) Summary
          CIMB Group Holdings Berhad ("CIMB Group" or the "Group") today reported a Profit Before Tax ("PBT") of RM4.57 billion for the first 9 months of 2017 ("9M17"). On a year-on-year ("Y-o-Y") basis, the Group's 9M17 operating income expanded 11.6%, translating to a 17.9% Y-o-Y improvement in Pre-Provision Operating Profit ("PPOP") and a 26.0% Y-o-Y growth in Net Profit to RM3.41 billion. The 9M17 net Earnings Per Share ("EPS") stood at 38.1 sen, while the annualised 9M17 net Return On average Equity ("ROE") was 9.8%.
          "We are continuing to show good progress across the Group, recording our highest ever quarterly operating income of RM4.42 billion in 3Q17, and generating a 26.0% Y-o-Y growth in 9M17 net profit. The improved performance was underpinned by positive net interest margins, gradually declining provisions and healthier capital market activity. In particular, our Consumer Banking franchise in Malaysia and Thailand, as well as Investment and Corporate Banking activities contributed to the respectable results for the quarter," said Tengku Dato' Sri Zafrul Aziz, Group Chief Executive, CIMB Group.