CIMB Thai records 9.9% jump in operating income in 1Q

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.

In a statement, CIMB Thai Group said the stronger income was mainly owing to 1.5% growth in net interest income and 46.5% growth in other income, offset by a 15% decline in net fee and service income.