PETALING JAYA: CIMB Group Holdings Bhd
is the fifth largest Asean universal bank by asset size; the second and sixth largest in Malaysia and Indonesia respectively. Yet, the group lags behind its peers in terms of return on equity (ROE).
CIMB’s ROE plummeted to 8.5% in 2019 from 15% in 2009, AmBank Research said in its report.
“Besides ROE, the management has identified other areas where the group needs to improve.
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