CIMB Chief Calls Profit Goal ‘Challenging’ as Malaysia Slows

Updated on
  • Bank may shut underperforming businesses to lower expenses
  • 15% ROE goal challenging after Indonesian provisions: CEO

Tengku Zafrul Aziz.

Photographer: Charles Pertwee/Bloomberg

CIMB Group Holdings Bhd., Malaysia’s second-largest lender, may have to lower a profitability target even as it considers shutting some underperforming businesses to reduce costs.

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