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CIMB Thai Bank : CIMBT Consolidated Financial Results for 6 months ended 30 June 2025 (Unaudited)
CIMB Thai Bank : CIMBT Consolidated Financial Results for 6 months ended 30 June 2025
About this update from Cimb Thai Bank Public Co. Ltd.
[{"type":"text","content":"\n zuanls ñloioui Inn\n (Translation› Ref.CIMBT.CSA. 071 2025\n \n \n 21 July 2025\n \n \n Subject CIMB Thai Group consolidated unaudited financial results for the six months ended 30 June 2025 To President\n \n \n The Stock Exchange of Thailand\n \n \n \n Dear Sir,\n \n \n \n On behalf of CIMB Thai Bank PCL, I am pleased to submit the unaudited consolidated financial results for the six months ended 30 June 2025. The key summaries are as follows\n \n \n \n For the six months ended 30 June 2025, CIMB Thai group recorded a consolidated net profit of THB 1,012.6 million, a year-on-year ( YoY decrease of THB 281.9 million or 21.8%. Profit before tax ( PBT › decreased by THB 342.1 million or 21.2% YoY to THB 1,268.9 million, mainly attributed to a 13.6% decline in net interest income and a 86.2% rise in expected credit loss. This is partially offset by a 19 1% decline in operating expenses and higher net fee and service income and other income of 4.8% and 21.5•. respectively.\n \n \n \n On a YoY basis, CIMB Thai group's consolidated operating income decreased by THB 257.8 million or 3.7% from 6M2024 to THB 6,780.5 million from lower net interest income of THB 646.0 million or 13.6% YoY mainly from lower interest income on loans, partially offset by higher net fee and service income of THB 30.5 million or 4.8%, due to lower fees and service expenses. Other operating income increased by THB 357.8 million or 21.5% due to higher gains on investments, partially offset by lower gains on financial instruments measured at fair value through profit or loss and a lower gains on sale of non-performing loans.\n \n \n \n On a YoY basis, operating expenses decreased by THB 832.7 million or 19.1%, mainly from lower impairment loss on properties for sale and lower specific business tax as a result of lower interest income, partially offset by higher employee expenses. This consequently improved the cost to income ratio to 52.1% in 6M2025 compared to 62.0% in 6M2024.\n \n \n \n Net Interest Margin (NIM) over earning assets stood at 1.9%. in 6M2025, compared to 2.2% in 6M2024, arising from lower interest income on loans.\n \n \n \n As at 30 June 2025, total gross loans (inclusive of loans guaranteed by other banks and loans to financial institutions) stood at THB 244.2 billion, a decrease of2.8% from 31 December 2024 Deposits ‹inclusive of Bill of Ex...