PETALING JAYA: CIMB Thai Bank PCL posted a net profit of 2.4 billion baht (THB) for the financial year ended Dec 31, 2021 (FY21), an increase of 89.1% year-on-year (YoY), compared to 2020.
In a statement, president and chief executive officer Paul Wong Chee Kin said the improvement was mainly attributed to better cost controls resulting in an 8.1% decline in operating expenses and a 25.7% decrease in expected credit losses, despite a 3.9% drop in operating income.
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!