Bangkok: CIMB's net profit for the first nine months of this year decreased due to increased provisions for doubtful accounts. Mr. Wut Thanittiraphorn, President and Chief Executive Officer of CIMB Thai Bank Public Company Limited, revealed the operating results of the bank group for the first nine months of this year (Jan.-Sep. 2025). Net profit was 1,830.4 million baht, a decrease of 59.9 million baht or 3.2 percent. Revenue was 10,549.4 million baht, a decrease of 236.1 million baht or 2.2 percent compared to the same period in 2024. The main reasons were a decrease in net interest income by 15.1 percent and net fee and service income by 0.5 percent, offset by a 34.0 percent increase in other income. Operating profit before expected credit losses was 5,248.4 million baht, an increase of 1,037.5 million baht or 24.6 percent, due to a 19.4 percent decrease in operating expenses, offset by a 2.2 percent decrease in operating income.
According to Thai News Agency, the decrease in profit was due to a 59.5% increase in expected credit losses, driven by increased provisioning in line with conservative principles and appropriate to the economic situation. The Group's modified loan-to-deposit ratio decreased to 76.0% from 77.6% as of December 31, 2024.
Non-performing loans (NPLs) stood at 6.3 billion baht, with the ratio of non-performing loans to total loans remaining stable at 2.6 percent as of December 31, 2024. This is a result of the Bank Group's strict credit risk management policies, effective risk management measures, improved collection practices for existing non-performing loans, and continued resolution of non-performing loans.