KUALA LUMPUR: CIMB Thai Bank PCL, a 94.83% indirectly held subsidiary of CIMB Group Holdings Bhd
, reported a net profit of THB1.49bil in the six months ended June 20, 2026, a 47% increase from THB475.9mil in the same period last year.
The net profit from continuing operations stood at THB1.27bil, an 84.5% year-on-year (y-o-y) increase from THB579.6mil. It said this was mainly attributed to a 9.8% rise in operating income and 0.9% decline in operating expenses, as well as a 30.4% decrease in expected credit loss.
CIMB Thai's operating income increased 9.8% y-o-y to THB5.18bil due to an 11.6% higher net interest income of THB270.9mil. It said it recorded a lower interest expense, and 2.4% higher net fee and service income resulting from an increase in goods and services payment fees income and arrangement fee income.
Other operating income increased 10.1% y-o-y due to higher gains on financial instruments measured at fair value through profit or loss, partially offset by lower gains on investments.
On a y-o-y basis, operating expenses decreased 0.9%, largely due to lower employee expenses and taxes and duties, partially offset by higher impairment loss on foreclosed properties. The cost-to-income ratio stood at 53.9% in 6M26 compared to 52.1% in 6M25.
Net interest margin (NIM) over earning assets stood at 2% in 6M26, slightly higher than the 1.9% in 6M25, as lower funding costs offset asset yield compression.
As at end-June 2026, total gross loans (inclusive of loans guaranteed by other banks and loans to financial institutions) stood at THB242.2bil, an increase of 4.1% from Dec 31, 2025.
Deposits (inclusive of bills of exchange, debentures and selected structured deposit products) stood at THB309.2bil, an increase of 2.6% from THB301.5bil as at end December 2025.
The gross non-performing loans (NPL) stood at THB5bil, with a lower gross NPL ratio of 2.1% from 2.2% as at Dec 31, 2025.
"The improvement in the gross NPL ratio is reflective of CIMB Thai Group’s stringent credit risk underwriting, effective risk management policies, improvement in loan collection processes and the continued management of the Bank’s NPLs," it said.
