CIMB’s 4Q net profit likely to dip on NIM pressure

Quick Summary:

CIMB Group Holdings Bhd’s net profit for the fourth quarter of 2024 (4Q24) is expected to ease by a high single-digit percentage on a quarterly basis, says RHB Research.

While uncertainties remain regarding prospects for data centres, it was noted that CIMB’s borrowers are likely to proceed with their respective plans, supporting loan growth moving forward.

RHB Research made no changes to its earnings forecast on CIMB.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaThailand

Topics: CIMBGroup LoanGrowth AssetQuality NetProfit Corporate News NIMPressure /Business/Business News 4Q24Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-29 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Star

News ID: 25589157

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