CIMB Thai 9-month net profit falls by 6.3% to 900mil baht

Group net profit for the nine months ended Sept 30, 2014 for CIMB Thailand fell by 6.3% to 900 million baht.

BANGKOK: CIMB Thai Bank plc's group net profit for the nine months ended Sept 30, 2014 fell by 6.3% to 900 million baht (100 baht is RM9.29), compared with the corresponding period last year.

This was due to higher operating expenses which grew by 16.8% to 5,204.7 million baht and the 67.4 % year-on-year (yoy) increase in provisions, it said in a statement today.