CIMB Niaga's contribution to CIMB Group is also affected by the impact of the depreciation of the rupiah to 8.9% (on average) over the same period the previous year. CIMB Group Holdings Berhad (CIMB Group or the Group) recorded a net profit of fiscal year 2014 (FY14) amounted to RM3,107 billion, equivalent to earnings per share (EPS) of 37.5 cents worth. Outside the acquisition is not routine in FY14 and FY13, net income The Group's Business As Usual (BAU) in FY14 decreased by 24.6% year on year (YoY). Return on equity (ROE) net annualized 9.2% for FY14.
"2014 was a tough year for the CIMB Group's because earnings are affected by the decline in revenues, while provision for corporate banking credit has increased, both in CIMB Niaga as well as in Malaysia," said Group Chief Executive, CIMB Group, Tengku Dato 'Zafrul Tengku Abdul Aziz, in a press release received by Infobank, in Jakarta, Saturday, February 28th, 2105.
According to him, one reason is the weakening of the rupiah. Capital market conditions still poor due to low trading volume and volatility, which has affected the performance of IB units and Treasury & Markets.
"However, we remain encouraged because the consumer banking unit in Malaysia and CIMB Bank Singapore showed a positive performance while CIMB Thai continues to strengthen," added Tengku Dato 'Zafrul Tengku Abdul Aziz.
In comparison, following the company's performance during the year are presented for FY14 and FY13 according to the data BAU. CIMB Group's operating income in FY14 decreased 1.0% to RM14,019 billion. Net interest income rose 6.1% while revenue fell 14.9% interest is not due to weak capital market transactions and treasury as well as the decline in Indonesian bancassurance commissions.
CIMB Niaga's contribution to CIMB Group is also affected by the impact of the depreciation of the rupiah to 8.9% (on average) over the same period the previous year. Operational costs can be reduced so that the increase of only 0.6%, and CIMB Group was able to record the Pre Provision Operating Profit ("PPOP") 3.2% lower.
However, PBT Group fell 23.0% to RM4,277 billion due to increased provision for corporate loans on units in Indonesia and Malaysia.
PBT produced regional consumer banking unit CIMB Group in FY14 fell 0.6% over the same period the previous year to RM2,258 billion, or 53% of PBT Group (from 41% in FY13).
The contribution of the consumer banking unit in Malaysia, Singapore and Thailand increased, with the contribution of the unit in Indonesia decreased as the impact of the issuance of regulations on bancassurance and the depreciation of the currency.
Wholesale Banking PBT Regional unit CIMB Group fell 40.9% over the same period the previous year to RM1,606 billion as rising provision of corporate banking and capital market conditions are less menggembirakannya.
Meanwhile, PBT units Investments decreased 26.5% compared to the same period the previous year. Contribution of consumer and corporate banking unit that became the mainstay of CIMB Group rose from 66% to 69% of the total PBT.
PBT contribution from operational units outside Malaysia to CIMB Group fell to 28% in FY14 from 38% in FY13. This is due to the reduced PBT BAU unit in Indonesia by 52.6% to RM838 million compared to the same period of the previous year due to a decrease in revenue CIMB Niaga and the depreciation of the Rupiah.
Thailand PBT contribution to the Group fell 37.2% to RM213 million compared to the same period the previous year with the acquisition dibukukannya outstanding in FY13 and increased fees and a decrease in revenues from CIMB Securities (Thailand). The total contribution of PBT of units in Singapore rose 40.4% to RM323 million following an increase in PBT CIMB Bank Singapore up 60.1% over the same period the previous year.
Total gross loans disbursed CIMB Group (outside NPL, the numbers continue to decrease) increase of 13.2% over the same period the previous year. In that period, total deposits rose 7.3% year on year, and this makes the loan-to-deposit ratio (LDR) increased to 93.0% from 88.4%.
Gross impairment ratio shows improvement: to 3.1% in December 2014 from the previous 3.2% in December 2013, with a preliminary figure of 82.7% as of December 2014. Cost to income ratio BAU CIMB Group rose to 59.1% from 58.2% due to a decrease in operating income and an increase in operating costs. The Group recorded a net interest margin (NIM) is slightly lower, ie 2.81%.
As of December 31, 2014, CIMB Group's capital ratio recorded 15.1% while the ratio of the Common Equity Tier 1 capital (CET 1) the company reached 10.1%. Thus an increase high enough for CET1 ratio by 210 bps from CET1 ratio at December 31, 2013, which amounted to 8.0%. This is the impact of the issuance of shares worth RM3,55 billion in 1QFY14, the issuance of compulsory reserves by Bank Negara Malaysia (BNM) in 4QFY14 and the continuation of the implementation of the Dividend Reinvestment Scheme (DRS)