CIMB Thai Group’s loan loss coverage ratio as at Sept 30, 2021, stood at 105.9% from 93.3% at the end of December 2020.
KUALA LUMPUR: CIMB Thai Bank PLC recorded a net profit of 1.71 billion baht (RM212.65mil) in the nine months ended Sept 30, 2021, a 16.4% year-on-year (y-o-y) increase over the previous corresponding period, due to better cost control.
In a statement yesterday, the bank said there was a 12.3% decline in operating expenses due to better optimisation of resources and cost management.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
