CIMB Group Holdings reports net profit of RM1.22 billion for the first half ended 30th June 2015, a decrease of 17.7 per cent in comparison to the corresponding period in 2014.
The decrease in profit was on the back of a 8.2 per cent year-on-year (YoY) growth in operating income, offset by increased provisions.
"We posted a respectable a first half financial performance in an increasingly challenging operating environment on the back of continued quarter-on-quarter (QoQ) growth," said group chief executive, Tengku Datuk Zafrul Tengku Abdul Aziz during the results announcement thid evening.
"Our core banking operations continue to make positive headway, particularly in cosumer and wholesale banking accross the region."
He noted as well that the 8.2 per cent YoY increase in operating income was largely driven by the expansion in gross loans.
The group's annualized Business As Usual (BAU) net return on average equity (ROE) was at 8.7 per cent.