CIMB Group Holdings Bhd, Malaysia’s second-biggest bank, is targeting to achieve a return on equity of as much as 20 per cent from 2011 on wider lending margins and credit cost improvements, said Credit Suisse Group AG.
The return-on-equity goal, a gauge of how effectively earnings are reinvested, is targeted at 16 per cent this year, Danny Goh, an analyst at Credit Suisse said in a report today.
CIMB climbed 1.9 per cent to RM13.74, on course for its steepest advance since March 8. It’s the best performer on the benchmark stock index today. - Bloomberg