We saw continued positive momentum in FY23, driven by strong underlying performance across all business segments and geographies. The positive year-on-year performance was underpinned by robust operating income growth with solid loan and CASA growth, coupled with lower provisions from prudent risk management and recoveries. Accordingly, we met most of our financial targets for FY23, including annualized return on average equity and credit cost/provisions.
Our 67th AGM was recently held virtually, where all 10 ordinary resolutions tabled at the AGM were successfully passed, and the audited financial statements for the financial year ended 31 December 2023 (“FY23”) were duly received. The meeting was chaired by Datuk Mohd Nasir Ahmad, Chairman of CIMB Group, with the Board of Directors and Dato’ Abdul Rahman Ahmad, Group CEO of CIMB Group in attendance.
Datuk Nasir said, “On behalf of the Board, I would like to extend our sincere gratitude and appreciation to all our stakeholders for their unwavering trust and valued partnership over the past year."
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