PETALING JAYA: CIMB Thai Bank PCL, an indirectly held subsidiary of CIMB Group Holdings Bhd
, recorded a net profit of 1.89 billion baht (US$244.36mil) in the nine months period ended Sept 30, 2024 (9M24), an increase of 8.9% year-on-year (y-o-y) from the same period a year ago.
In a statement, the bank said the improvement was mainly due to 4.5% growth in operating income and a 5.7% decrease in expected credit losses, partially offset by a 6.5% increase in operating expenses.
