CIMB Group's Q1 2025 Profit Up Despite Revenue Drop

CIMB Group Reports Q1 2025 Net Profit of RM1.97 Billion Despite Revenue Dip Kuala Lumpur, May 30, 2025 – CIMB Group Holding Berhad announced today that its net profit for the first quarter of 2025 reached RM1.97 billion, a modest increase compared to the previous year. This positive result comes despite a 2.3% decrease in overall revenue, attributed by the group to pressures on net interest margins. However, the bank's total assets saw a significant 5.1% rise, and gross loans increased by 4.4%. "The increase in net profit was driven by higher net interest income," stated Nor Shamsiah Mohd Yunus, Group Chief Executive Officer of CIMB Group. "This demonstrates the strength of our ASEAN banking portfolio and its resilience in the face of market challenges." The report also highlighted a 2.7% increase in total deposits, primarily due to a 7.4% growth in current and savings accounts. This contributed to a stronger CASA ratio, reaching 43.8% in March 2025. Despite the challenges, CIMB's strong performance showcases its ability to navigate a complex economic environment. The bank's focus on cost management and growth in key areas positions it well for continued success.