Thai ops to buoy CIMB’s performance


Net profit of the Thai lender was up 62% year-on-year to 595.67 million baht (RM76.77mil).

PETALING JAYA: CIMB Thai Bank PCL’s robust results in the third quarter ended Sept 30, 2024 (3Q24) are expected to contribute positively to parent CIMB Group Holdings Bhd, says MIDF Research.

Net profit of the Thai lender was up 62% year-on-year to 595.67 million baht (RM76.77mil) on gains from financial instruments and operating income, bringing nine-month ended Sept 30, 2024 (9M24) profitability to 1.89 billion baht.

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