KUALA LUMPUR: CIMB Thai Bank PCL has registered a net profit of 1.501 billion baht for the year ended December 31, 2019, an over 216-fold year-on-year (y-o-y) increase of 1.49 billion baht. As at December 31, 2019, total gross loans stood at 242.1 billion baht, up 6.3 per cent from December 31, 2018. Deposits stood at 241.5 billion baht, an increase of 3.1 per cent from 234.3 billion baht at the end of December 2018. As at December 31, 2019, total provisions stood at 10.5 billion baht, translating to a 4.9 billion baht excess over the Bank of Thailand’s reserve requirements. Total consolidated capital funds as at December 31, 2019 stood at 47.6 billion baht.
Source: New Strait Times January 21, 2020 12:11 UTC