KUALA LUMPUR (Apr 29): Last year, CIMB Group Holdings Bhd's consumer banking segment overtook its traditionally strong investment banking segment for the first time in terms of contribution to the group's earnings. In the financial year ended Dec 31, 2016, consumer banking contributed RM2.27 billion or 46.4% to CIMB’s profit before tax while wholesale banking accounted for RM1.96 billion or 40.1%. Even in consumer banking, we’ve always been ‘preferred’ rather than ‘mass’. "It was simple for consumer banking. Notwithstanding that, Zafrul said CIMB has not sidelined wholesale banking as it moves forward to achieve its consumer banking income contribution target.

Source: The Edge Markets April 29, 2017 05:03 UTC