CIMB Thai Bank PCL (SET: CIMBT) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
367.42 | 695.97 |
| Earning Per Share (Baht) |
0.0100 | 0.0200 |
| % Change | -47.21 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
1,736.30 | 2,811.48 |
| Earning Per Share (Baht) | 0.0500 | 0.0800 |
| % Change | -38.24 | |
The financial result of CIMBT showed its net profit went down by 47.21% YoY to THB 367.42 million, due to the 18.6% YoY decreasing by THB 213.1 million of operating income from net fee and service income, which offsetting Net Interest Income (NII) 3.9% YoY growth by THB 274.7 million from loan expansions and NII on investment.
As for the cost items, there’s an increasing operating expenses by THB 544.4 million or 9.7% and Expected Credit Loss (ECL) by 26%. CIMBT’s gross non-performing loans (NPL) reported at THB 8.5 billion or 3.2%, which is lower from 3.3% at the end of 2022. The coverage ratio is also reported at 111.3%, down from 114.6% at the end of 2022.
