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KUALA LUMPUR: Chb Group Holdings Bhd 
posted a 4.2% increase in net income for the third quarter ended September 30, from 1.13 billion RMB to 1.1 billion compared to the same quarter of last year, due to the improvement contributions in all sectors except wholesale banking.
"Wholesale banking PBT fell by 41.7% year-on-year in all wholesale segments due to weak financial markets," the group said in a statement.
The pre-tax profit (PBT) of consumer services rose by 3.9% due to better cost management, while the PBT of regional commercial banks jumped 450% thanks to the reduction in provisions.
The PBT for the management of the group's assets and investments rose by 542.9% due to the improvement of the private markets, while the group's financing was slightly higher in the year.
In the quarter under review, revenues decreased by 6.4% year-on-year to RAF 4.14 billion, non-interest income and net interest income decreased by 17% and 1.6%, respectively.
In the nine months to 30 September, the bank recorded a net profit of 4.47 billion rand, up 30.7% over the same period last year, on a turnover of up 6% from 13.31 billion.
The group reported that the net profit for the period was supported by the sale of 20% of the capital of CIMB-Principal Asset Management and 10% of CIMB-Principal Islamic Asset Management for RM 928 million.
On a regular basis, net profit amounted to RMB 3.54 billion, up 3.6% from the same period, due to lower operating expenses and loan loss provisions. .
"" We are pleased to deliver a record RM5.69bil PBT on 9M18 despite the challenging operational environment.
"The good performance of 9M18 was supported by lower provisions and lower costs, the continued improvement of consumer and commercial bank activities, as well as a recovery in wholesale bank revenues in 3Q18". said Tengku Zafrul Aziz, general manager of the CIMB group.
The group's average return on equity for 9 M18 reached 11.6%, while its cost / income ratio dropped to 48%.
The loan-to-deposit ratio increased to 93.1%, compared to 92% at September 30, 2017.
The total capital ratio was 16.9%, while the Tier 1 capital ratio was 12.3%.
Zafrul said the bank remains on track to reach the key targets of T18, although it remains cautious about weak regional economies and global trade tensions.
"In this context, we will continue to monitor the quality of assets and costs in all activities and in all geographic areas, while finalizing our next medium-term plan to propel the CIMB on a stronger growth trajectory", did he declare.
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