CIMB Group reported a record full-year net profit of RM 7.73 billion for 2024, representing a 10.7% increase on the prior year, the group disclosed in its fourth-quarter press release published on 28 February 2025. Group operating income rose 6.1% to RM22.3 billion for the year, with CIMB's businesses in Malaysia and Singapore outperforming, performance in Thailand continuing to stabilise and its Indonesian business remaining resilient despite intense local competition.
Return on equity reached 11.2% for the full year. Fourth-quarter net profit stood at RM 1.8 billion, up 5% year on year.
MARKETS AND INCOME
CIMB said its businesses in Malaysia and Singapore outperformed, while Thailand continued to stabilise and Indonesia remained resilient despite intense competition.
The group's pan-ASEAN franchise spans retail and SME banking, corporate and investment banking, and Islamic finance. Within the 6.1% growth in operating income, net interest income rose 5.3% to RM15.40 billion and non-interest income rose 8.1% to RM6.90 billion.
DIVIDEND FOR 2024
CIMB proposed a second interim dividend of 20 sen per share, taking its total dividend for 2024 to a record 47 sen per share, a payout of about RM5.04 billion.