CIMB Group Holdings Bhd 2020 AR2
The report outlines CIMB Group's financial and non-financial performance for the fiscal year 2020, highlighting its strategic transition under the Forward23+ plan to become a focused ASEAN bank. Despite unprecedented challenges from the COVID-19 pandemic, the company achieved a record high Common Equity Tier 1 capital ratio of 13.3% and exceeded its cost reduction target, improving its cost-to-income ratio to 52.2%. CIMB also advanced its sustainability agenda by becoming the first Malaysian bank to commit to phasing out coal financing by 2040 and pioneering sustainability-linked loans for SMEs.
Company: CIMB Group Holdings Bhd
Sector: Financials
Country: Malaysia
Year: 2020
Type: AR2
Pages: 240
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CIMB Group Holdings Bhd
Annual Report
The report outlines CIMB Group's financial and non-financial performance for the fiscal year 2020, highlighting its strategic transition under the Forward23+ plan to become a focused ASEAN bank. Despite unprecedented challenges from the COVID-19 pandemic, the company achieved a record high Common Equity Tier 1 capital ratio of 13.3% and exceeded its cost reduction target, improving its cost-to-income ratio to 52.2%. CIMB also advanced its sustainability agenda by becoming the first Malaysian bank to commit to phasing out coal financing by 2040 and pioneering sustainability-linked loans for SMEs.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Women on Board
Women in Management
Employees