A man walks into a branch of CIMB bank in Kuala Lumpur August 6, 2019. — Reuters pic
Forward23 is a mid-term growth strategy launched by CIMB in 2019 which centres on five strategic pivots namely customer-centricity, sustainability, ventures and partnerships, technology and data, and its people. Tengku Zafrul said executing Forward23 programmes across the five strategic pivots would remain key this year.
Tengku Zafrul said the Malaysian operations performed well on a business-as-usual basis with PBT improving eight per cent in 2019 driven by strong loan growth of six per cent, better trading income as well as the gain from the sale of the Malaysian equities business, resulting in a 69 per cent contribution to group PBT.
“As a financial institution with a presence in all 10 Asean countries, CIMB was not spared from these macroeconomic tensions.
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