KUALA LUMPUR: CIMB Thai Bank PCL’s net profit fell to 1.61 billion baht, a decrease of 44.9 per cent year-on-year (y-o-y) for financial results for the year ended Dec 31, 2023 (FY2023) due to operating expenses growth exceeding operating income growth, coupled with a 48.5 per cent increase in expected credit loss (ECL). (100 baht = RM13.27)
CIMB Thai Bank and Positive Thinking Company, a leading technology company in Asia-Pacific, have announced to establish an expert software development center for CIMB Thai in Hanoi. - VnExpress International
KUALA LUMPUR: CIMB Group's banking franchise in Thailand posted a consolidated operating income in 1Q23 rose 9.9% year-on-year (y-o-y) to THB3.83bil (RM495.3mil) from the same quarter in 2022.
KUALA LUMPUR: CIMB Thai Bank PCL, a 94.83% indirectly held subsidiary of CIMB Group Holdings Bhd, posted a net profit of THB3.03bil (RM395mil) in the financial year ended Dec 31, 2022, which represented a 24.3% increase from the previous year.