PETALING JAYA: CIMB Thai Bank PCL, a 94.83%-indirectly held subsidiary of CIMB Group Holdings Bhd
, reported a net profit of 1.49 billion baht (RM181.19mil) in the six months ended June 20, 2026 (6M26), a 47% increase from 475.9 million baht in the same period last year.
The net profit from continuing operations stood at 1.27 billion baht, an 84.5% year-on-year (y-o-y) increase from 579.6 million baht. 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 5.18 billion baht due to an 11.6% higher net interest income of 270.9 million baht.
The bank 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 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 242.2 billion baht, an increase of 4.1% from Dec 31, 2025.
The gross non-performing loans (NPL) stood at five billion baht with a lower gross NPL ratio of 2.1%, from 2.2% as at Dec 31, 2025.
