CIMB Thai Bank Public Company Limited (SET: CIMBT) has delivered a robust financial performance for the first half of 2026, underpinned by significant growth in net profit and disciplined risk management. For the six months ended 30 June 2026, the Group recorded a consolidated net profit of THB 1,488.5 million, representing a sharp 47.0% year-on-year (YoY) increase.
The bank’s core profitability remains strong, with net profit from continuing operations jumping 84.5% YoY to THB 1,265.5 million. This bottom-line growth was primarily fueled by a 9.8% rise in operating income, which reached THB 5,176.2 million, and a substantial 30.4% reduction in expected credit losses (ECL).
A key driver of revenue was the 11.6% increase in net interest income (NII), which rose by THB 270.9 million. This improvement was attributed to a larger decline in interest expenses compared to interest income. Consequently, the Net Interest Margin (NIM) edged up to 2.0%, compared to 1.9% in the same period last year. Fee and service income also saw a modest 2.4% uptick, supported by higher arrangement and payment fees.
CIMBT maintained steady expansion in its lending activities, with total gross loans standing at THB 242.2 billion, a 4.1% increase from the end of 2025. Despite the growth in the loan book, asset quality showed marked improvement. The gross non-performing loan (NPL) ratio fell to 2.1%, down from 2.2% at year-end 2025, with total NPLs recorded at THB 5 billion. This shift reflects the bank’s stringent credit underwriting and enhanced collection processes.
Operating expenses decreased slightly by 0.9% YoY, driven by lower employee-related costs. The bank also strengthened its buffers, reporting a loan loss coverage ratio of 179.3%. CIMBT remains well-capitalized with a BIS ratio of 19.7%, significantly above regulatory requirements. These results are framed against the backdrop of a strategic Asset Purchase Agreement entered in May 2026, leading to the classification of certain portfolios as discontinued operations.
