CIMB Thai Bank Public Company Limited (SET: CIMBT) has announced its 2Q25 consolidated financial statement, reporting 174 million baht of net profit, representing a 74% drop from the same quarter of last year.
Total operating income was at 3,196 million baht for the quarter, a 9% drop from last year. The decrease was mainly due to lower interest rates, following the Bank of Thailand’s interest rate cuts.
Notably, expected credit losses rose more than 100% from 540 million baht in 2Q24 to 1,152 million baht in 2Q25.
As at 30 June 2025, total gross loans stood at THB 244.2 billion, a 2.8% decrease from 31 December 2024. Despite the significant increase in expected credit loss, CIMBT maintained a flat gross non-performing loan (NPL) ratio of 2.6%, with gross NPLs at THB 6.3 billion. The loan loss coverage ratio strengthened to 155.9% from 149.0% at December 2024, with total allowance for expected credit losses at THB 9.7 billion, exceeding the Bank of Thailand’s requirements by THB 1.5 billion.
