CIMB Thai Bank Public Company Limited (SET: CIMBT) delivered a sharp increase in its third-quarter profitability, posting a consolidated net profit of THB 817.7 million for 3Q25. This marks a substantial 37.3% year-on-year (YoY) surge from the THB 595.7 million recorded in 3Q24, primarily driven by a significant reduction in credit loss provisions.
| Quarter | 3Q25 | 3Q24 |
| Net Profit (Loss) Million Baht |
817.74 | 595.67 |
| Earning Per Share (Baht) |
0.02 | 0.02 |
| % Change | 37.28 | |
| 9 Months | 9M25 | 9M24 |
| Net Profit (Loss) Million Baht |
1,830.38 | 1,890.24 |
| Earning Per Share (Baht) | 0.05 | 0.05 |
| % Change | -3.17 | |
The bank’s bottom line was dramatically boosted by a 57% decrease in its Expected Credit Losses (ECL), which fell from THB 1,009.2 million in 3Q24 to just THB 437.7 million in the third quarter.
The gross Non-Performing Loan (NPL) ratio was unchanged at 2.6% compared with the end of December 2024, supported by robust credit underwriting and effective risk management.
The loan loss coverage ratio improved to 158.1% as of 30 September 2025, up from 149.0% at the end of December 2024.
However, core earnings faced challenges. Net Interest Income (NII), a key driver of profitability and an indicator of Net Interest Margin (NIM), contracted significantly by THB 448.0 million YoY, reflecting persistent pressure in the lending market. The income slump was partially offset by a rise in Other Operating Income and successful cost containment, with operating expenses declining by THB 47.2 million.
